6 Bed Terraced House, Refurb/BRRR, Leeds, LS11 6NB, £275,000

1, Hardy Terrace, Leeds, LS11 6NB - 2 views - 2 months ago

Refurb/BRRR
ROI: 4%
66 m²
+2 photos

ValuationOvervalued

Sold Prices£115K - £595K
Sold Prices/m²£471/m² - £3.7K/m²

 

 

Square Metres

66 m²
Price/m²£4.2K/m²

Value Estimate

£108,497

 

 

End Value (After Refurb)

£151,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£16,200

Refurb Costs

£26,357

Bridging Loan Interest

£7,219

Total Cash In

£120,276

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£151,750

Mortgage (After Refinance)

£113,813

Mortgage LTV

75%

Cash Left In

£120,276

Equity

£37,938

Rent Range

£500 - £1,400

Rent Estimate

£1,112

Running Costs/mo

£717

Cashflow/mo

£395

Cashflow/yr

£4,745

ROI

4%

Gross Yield

5%

Local Sold Prices

14 sold prices from £115K to £595K, average is £250K. £471/m² to £3.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£115K03/210.27 mi99, Lady Pit Lane, Leeds, West Yorkshire LS11 6HF6
£265K12/230.47 mi41, Cross Flatts Avenue, Leeds, West Yorkshire LS11 7BE6
£282K12/201.43 mi31, Colmore Road, Leeds, West Yorkshire LS12 4DF6
£225K02/211.8 mi5, Claremont View, Leeds, West Yorkshire LS3 1AU6
£235K08/212.14 mi155, Belle Vue Road, Leeds, West Yorkshire LS3 1HG6
£235K08/212.14 mi155, Belle Vue Road, Leeds, West Yorkshire LS3 1HG6
£565K09/222.2 mi19, St Johns Terrace, Leeds, West Yorkshire LS3 1DY6
£595K05/212.37 mi108, Victoria Road, Morley, Leeds, West Yorkshire LS27 8LL6
£130K11/202.38 mi22, Thorpe Street, Leeds, West Yorkshire LS10 4EZ6
£331.2K05/212.7 mi25, Glossop Street, Leeds, West Yorkshire LS6 2LE6
£412K12/222.76 mi24, Clarkson View, Leeds, West Yorkshire LS6 2LB6
£200K04/212.76 mi41, Spencer Place, Leeds, West Yorkshire LS7 4DQ6
£375K10/232.87 mi11, Newport Gardens, Leeds, West Yorkshire LS6 3DA6
£185K05/232.98 mi10, Seaforth Place, Leeds, West Yorkshire LS9 6AF6

Local Rents

50 rents from £500/mo to £1.4K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,20005/240.03 mi-5
£1,40002/250.08 mi-4
£1,39504/250.14 mi-4
£1,09504/250.14 mi-4
£1,00003/250.16 mi-3
£1,12003/250.22 mi-4
£85012/240.23 mi-3
£97505/240.24 mi-4
£1,00006/240.24 miClovelly Place, Leeds, West Yorkshire, LS114
£1,20004/250.24 mi-4
£1,30006/240.24 mi-3
£85005/240.24 miCad Beeston Mews, Leeds, West Yorkshire, LS11 8AF3
£95005/240.25 miTrentham Place Beeston LS114
£95005/240.26 mi-3
£92506/240.26 miWoodview Road, Leeds, LS113
£99505/240.26 mi-3
£95012/240.26 mi-3
£1,00002/250.26 mi-3
£50003/250.26 mi-3
£1,04505/240.26 miMalvern Road, Leeds, West Yorkshire, LS113
£80005/240.27 mi-3
£80005/240.27 miParkfield Mount, Leeds, LS113
£1,10005/240.28 miBurlington Road, Leeds, West Yorkshire, LS114
£1,18003/250.29 mi-4
£81905/240.3 mi16 Parkfield Grove3
£90002/250.3 mi-3
£90002/250.3 mi-3
£1,19604/250.3 mi-4
£95004/250.3 mi-3
£1,10005/240.31 mi-5
£75012/240.32 mi-3
£99504/250.33 mi-3
£1,14005/240.34 miFlat 2, 12 Noster Hill, Leeds, LS11 8QE3
£1,20012/240.35 mi-4
£1,20004/250.35 mi-4
£1,10005/240.35 mi-4
£1,25012/240.35 mi-4
£92506/240.36 miRawson Terrace, Leeds, LS113
£1,20005/240.37 mi-4
£95012/240.37 mi-4
£95001/250.37 mi-4
£95006/240.37 miOakley Grove, Leeds, LS114
£99506/240.37 miCross Flatts Street, Leeds, West Yorkshire3
£1,25002/250.37 mi-4
£1,27506/240.38 miGreenhouse, Leeds3
£92505/240.38 miNormanton Grove Beeston Leeds3
£92506/240.38 miNormanton Grove Beeston Leeds3
£1,19602/250.39 mi-4
£1,05008/240.4 mi-3
£1,02505/240.4 miFirth Avenue, Leeds, LS113

Local Area Statistics

Population in LS11

34,732

Population in Leeds

635,166

Town centre distance

1.74 miles away

Nearest school

0.10 miles away

Nearest train station

1.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+40%

Property History

Listed for £275,000

March 11, 2025

Floor Plans

Description

  • Freehold Block Of Flats +
  • Arranged As 6 Flats (4 x Studios & 2 x 1 Beds) +
  • Flats Require Modernisation +
  • £4,846 PCM / £58,152 P.A Potential Rent With 7 Year Hands Off Lease +
  • 2 Miles From Leeds City Centre +
  • Substantial Block Set Over 4 Floors +
  • Individual Council Tax Bands +
  • Close To Local Shops & Ameneties +
  • Double Fronted End Of Terrace Block Of Flats +

DESCRIPTION Freehold block arrange as 6 flats , comprising of 4 x studios & 2 x 1 bedroom flats plus lounge This substantial block offers a fantastic opportunity to modernise and add value. Each unit has separate council tax banding. ACCOMMODATION Basement 1 Bedroom Basement Flat with separate entrance Ground Floor Studio Unit 1 Studio Unit 2 First Floor Studio Unit 3 Studio Unit 4 Second Floor Studio Unit 5 1 Bedroom flat 6 with kitchen area LOCATION The property is situated in predominantly residential area, on a road comprising similar properties, close to local shops and amenities. The open spaces of Cross Flatts Park are within easy reach. Transport links are provided by Cottingley rail station. Leeds City Centre is located approximately two miles to the north, with junctions 2a to 5 of the M621 each within 1 mile, providing access to the M1 and M62. TENURE The property is freehold and sold with vacant possession VIEWINGS Please contact OPA for viewings. MATERIAL INFORMATION The OPA have taken reasonable precautions and exercised all reasonable due diligence by asking the Seller of the Property to provide us in writing a declaration of material information regarding a property to comply with the Consumer Protection from Unfair Trading Regulations 2008. However, certain information may be unavailable and/unknown. Any buyer must carry out their own due diligence and rely on their own searches investigations and enquiries in respect of all matters relating to their proposed purchase of this property, to enable them to make an informed transactional decision before proceeding to entering in to the exclusivity agreement on this property COUNCIL TAX BAND Band - Each flat has individual council tax band: Flat Bst 1, Hardy Terrace, Leeds, LS11 6NB A £1,206 Flat Top Flr 1, Hardy Terrace, Leeds, LS11 6NB A £1,206 Flat 1 at 1, Hardy Terrace, Leeds, LS11 6NB A £1,206 Flat 2 at 1, Hardy Terrace, Leeds, LS11 6NB A £1,206 Flat 3 at 1, Hardy Terrace, Leeds, LS11 6NB A £1,206 Flat 4 at 1, Hardy Terrace, Leeds, LS11 6NB A £1,206 EPC EPC –Awaiting new EPC AGENT NOTES Draft details, awaiting vendor approval. BUYERS FEE Buyer's Fee of 2% of The Purchase Price, subject to Minimum Fee £3999 (whichever greater). All fees inclusive of VAT. T&Cs apply. Please request information pack, Buyer’s Guide & FAQs. You will be required to enter into an “Exclusivity Agreement” with the Seller, granting you the Buyer the Exclusive right to purchase the property within the exclusivity period. Please note the Buyer’s Fee is a non-refundable unconditional Exclusivity Fee in addition to the purchase price payable to the Agent upon offer acceptance. The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement Upon offer acceptance you will not be required to exchange contracts, but will be granted an “exclusivity period” in order to exchange and complete on the transaction. This timescale will generally be 8 weeks, but will be specified in the Exclusivity agreement. (Please note we may be able to negotiate the timeframe, so please discuss with your OPA representative). This is a flexible and buyer friendly method of purchase. By signing the Exclusivity Agreement and paying the Buyer’s Fee, this secures the transaction and takes the property off the market. By paying your fee, that amount may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty land tax liability. The OPA’s “Secure It Now Exclusivity Package” – this is a legally binding agreement between you are the seller. When the offer is accepted, the buyer pays the Exclusivity Fee to the Agent and enters into an “Exclusivity agreement with the Seller”, granting the buyer an exclusivity period, which is usually upto 8 weeks to complete on the purchase of the property. During the exclusivity period, the buyer has the exclusive right to purchase the property, no other offers can be accepted and during this period buyer must complete the sale transaction. If the buyer fails to complete in this period, the fee is non-refundable. This property is being offered under The OPA’s “Secure It Now Exclusivity Package” This is an innovative secure and straightforward way to purchase this property. Here are the benefits for you: • Secure your dream property straight away • Similar to a “normal” or “conventional” sale with a few measures to protect the buyer and the seller • No competitive bidding • No risk of being gazumped • Minimises risk of fall throughs Secure It Now Exclusivity Package - How does it work? You can now secure the purchase with a buyer’s “Secure It Now Exclusivity Agreement. By entering into the exclusivity agreement and paying the Exclusivity Fee, this buys : • A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days / 8 weeks , however please confirm seller’s required timescale) • Paying the Exclusivity Fee ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you. • This prevents the risk of gazumping • helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent's approach. • You get a fixed exclusivity period (approximately 8 weeks) to complete, safe in the knowledge that you will not be gazumped or outbid by another buyer. Step 1 - Register your interest Step 2 - Sort out your finances / Carry out your due diligence/ Ask questions/ Get legal/ financial advice if required. Request & review the property pack. You are advised to get legal advice prior to offering on the property. Step 3 - Arrange a viewing (If you require a viewing. If you do not require a viewing and offer without a viewing, you are doing so at your own risk) Step 4 - Make an offer Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity package Step 6 - Exchange and completion Next Steps – Do Not Miss Out - IMPORTANT NOTES Buyers should carry out their own due diligence/ investigations and if required seek independent legal/ financial advice. The Exclusivity fee is a non-refundable fee and unless otherwise stated and agreed in the special conditions of the Exclusivity Agreement, this is unconditional, not subject to survey or valuation , lending or anything else. The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement Buyers should carry out their own due diligence/ investigations and if required seek independent legal/ financial advice prior to entering the exclusivity agreement. Please be advised that this property may have been owned by the current seller for under six months, or the seller may have the exclusive right to sell the property. If you require any further clarification, please speak to a representative of The OPA. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; 6: No persons in the employment of The OPA has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of printing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale. Any reference to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property. Misrepresentation Act 1967: The OPA for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.

Agent Details

The Online Property Agency, Birmingham

0121 740 1000

Next Steps?

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