3 Bed Flat, Single Let, Leeds, LS9 8BF, £150,000

214 East Street, Leeds, LS9 8BF - 3 views - 23 days ago

Leasehold
BTL
ROI: 7%
68 m²
+16 photos

ValuationUndervalued

Sold Prices£75K - £305K
Sold Prices/m²£818/m² - £3.8K/m²

 

 

Square Metres

68 m²
Price/m²£2.2K/m²

Value Estimate

£153,630
BMV2%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Rent Range

£850 - £3,500

Rent Estimate

£959

Running Costs/mo

£681

Cashflow/mo

£278

Cashflow/yr

£3,341

ROI

7%

Gross Yield

8%

Local Sold Prices

22 sold prices from £75K to £305K, average is £186K. £818/m² to £3.8K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£230K10/220.49 mi45a, Mabgate, Leeds, West Yorkshire LS9 7DB3
£180K10/230.61 mi105, Pontefract Lane, Leeds, West Yorkshire LS9 9HW3
£157.8K03/211.24 mi17, Marlborough Grange, Leeds, West Yorkshire LS1 4PF3
£187K09/212.47 miFlat 13, Grange Court, North Grange Mount, Leeds, West Yorkshire LS6 2BZ3
£265K11/202.49 mi10, Chestnut Gardens, Leeds, West Yorkshire LS12 4LP3
£87K07/232.5 mi14, Newhall Gate, Leeds, West Yorkshire LS10 3RZ3
£75K07/232.5 mi12, Newhall Gate, Leeds, West Yorkshire LS10 3RZ3
£187.5K11/232.53 mi19, Cherry Court, Headingley, Leeds, West Yorkshire LS6 2WB3
£185K03/242.53 mi8, Oakwood Court, Leeds, West Yorkshire LS8 2PQ3
£155K08/212.55 mi6, Newton Court, Leeds, West Yorkshire LS8 2PH3
£176K04/232.55 mi27, Newton Court, Leeds, West Yorkshire LS8 2PH3
£210K11/222.56 mi15, Newton Court, Leeds, West Yorkshire LS8 2PH3
£185K12/222.56 mi11, Newton Court, Leeds, West Yorkshire LS8 2PH3
£290K05/212.56 mi3 Moorbank Court, Shire Oak Road, Leeds, West Yorkshire LS6 2DD3
£212.5K03/232.59 mi41, Barnbrough Street, Leeds, West Yorkshire LS4 2QY3
£305K10/222.6 miApartment 8, The Hall, Allerton Hill, Chapel Allerton, Leeds, West Yorkshire LS7 3NZ3
£122K06/212.83 mi34, Derwentwater Grove, Leeds, West Yorkshire LS6 3EN3
£158K12/212.87 mi8, Castle Lodge Square, Rothwell, Leeds, West Yorkshire LS26 0ZG3
£161K04/212.95 mi3, Stone Mill Court, Leeds, West Yorkshire LS6 4RQ3
£193K01/212.95 mi58, Stone Mill Court, Leeds, West Yorkshire LS6 4RQ3
£280K12/202.96 mi14, Rokeby Gardens, Leeds, West Yorkshire LS6 3JZ3
£200K06/232.98 mi40, Park Edge Close, Leeds, West Yorkshire LS8 2LP3

Local Rents

44 rents from £850/mo to £3.5K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,25005/240 miEast Point, East Street, Leeds, LS93
£1,10012/240 mi-3
£1,25005/240 miG01 East Point3
£1,50005/240.11 miTurlow Court3
£1,20005/240.22 miRichmond Hill Close, Leeds3
£1,87005/240.24 miSt Cecila Street, Leeds3
£1,87005/240.24 miSt Cecila Street, Leeds3
£1,88503/240.26 miCromwell Court, Brewery Wharf, Leeds, UK, LS103
£1,17505/240.33 miSpring Close Avenue, LEEDS3
£1,87005/240.33 miSt Cecilia Street , Leeds, West Yorkshire, LS23
£1,87005/240.33 miSt Cecilia Street , Leeds, West Yorkshire, LS23
£1,81012/240.33 miSoyo Square, St. Cecilia Street, Leeds, West Yorkshire, LS23
£1,86012/240.33 miSoyo Square, St. Cecilia Street, Leeds, West Yorkshire, LS23
£1,80012/240.35 mi-3
£2,53012/240.37 miNew York Square, Quarry Hill3
£1,50005/240.38 miEasy Road, Richmond Hill, Leeds, West Yorkshire, LS93
£1,75005/240.38 miSimpsons Fold West, 22 Dock Street, Leeds City Centre, LS103
£2,48505/240.39 miNew York Square, Quarry Hill, Leeds LS23
£2,53005/240.39 miNew York Square, SOYO, Leeds, West Yorkshire, LS2 7BT3
£2,53012/240.39 miNew York Square, Quarry Hill, Leeds LS23
£2,53012/240.39 miNew York Square, SOYO, Leeds, West Yorkshire, LS2 7BT3
£2,43505/240.4 miNew York Square, Leeds, LS23
£3,03505/240.4 miNew York Square, Leeds, LS23
£2,53012/240.4 miNew York Square, Leeds, LS23
£2,75505/240.4 miNew York Square, Leeds, LS23
£2,98005/240.4 miNew York Square, Leeds, LS23
£3,03512/240.4 miNew York Square, Leeds, LS23
£2,98012/240.4 miNew York Square, Leeds, LS23
£1,00005/240.41 miHall Place, Leeds, West Yorkshire, LS93
£99502/250.42 mi-3
£2,35005/240.43 mi-3
£2,35005/240.43 miWaterloo Street, Leeds, LS103
£1,10002/250.44 mi-3
£90001/240.47 mi-3
£3,50005/240.51 mi-3
£1,70005/240.54 miBlayds Yard, Lower Briggate,Leeds3
£1,25012/240.55 mi-3
£1,30012/240.57 mi-3
£1,10002/250.58 mi-3
£1,09503/250.6 mi-3
£85005/240.6 miGlensdale Street, Leeds3
£2,50012/240.61 mi-3
£2,30012/240.61 mi-3
£2,10005/240.62 miCrispin Lofts, New York Road, Leeds, West Yorkshire, LS23

Local Area Statistics

Population in LS9

37,376

Population in Leeds

635,166

Town centre distance

1.16 miles away

Nearest school

0.10 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £150,000

March 11, 2025

Description

  • Buy-to-Let Opportunity +
  • Tenants Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Well Maintained Property +
  • Three Piece Bathroom +
  • Allocated Parking Available +
  • Spacious Rooms and Lounge +
  • Easy Access to Local Amenities +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

A spacious and well-kept 3-bedroom Flat located in Leeds. There are various valuable amenities within walking distance of the property, and it can generate rewarding rental returns.

This is a brilliant opportunity for investors looking for a reliable, long-term investment!

The home is in good condition and features 3 bedrooms, a spacious lounge, a three-piece bathroom, a well-equipped kitchen, and a designated parking space.

Investment details

It currently produces an annual gross income of £14,400, which the new owner could increase to a market rate of £15,240 with long-term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.

Please see the Let Property Pack linked below for greater details on this property's investment potential.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for their stay. They do not have any intention to move out, so they hope to remain in the property.

Let Property Sales is committed to facilitating a smooth transaction process and allowing for maximum commitment to the sale from both parties; a fully refundable buyer's premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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