2 Bed Flat, Single Let, Leeds, LS9 8AE, £147,000

214 East Street, Leeds, LS9 8AE - 2 views - a month ago

Leasehold
BTL
ROI: 7%
68 m²
+16 photos

ValuationUndervalued

Sold Prices£80K - £400K
Sold Prices/m²£1.2K/m² - £4K/m²

 

 

Square Metres

68 m²
Price/m²£2.2K/m²

Value Estimate

£181,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,750

Stamp Duty & Legal Fees

£8,700

Total Cash In

£45,450

 

 

Cash Out

 

Rent Range

£760 - £1,800

Rent Estimate

£969

Running Costs/mo

£673

Cashflow/mo

£296

Cashflow/yr

£3,550

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £80K to £400K, average is £193.8K. £1.2K/m² to £4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£234.7K01/240.05 miApartment 4, Spindle House East Street Mills, East Street, Leeds, West Yorkshire LS9 8EY2
£255K10/220.06 mi14, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£363K08/230.06 mi48, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£189.5K03/230.06 mi29, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£165.5K11/210.06 mi5, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£180K09/230.06 mi3, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£200K06/230.06 mi36, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£178K02/230.1 miApartment 609, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K12/220.1 miApartment 101, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£240K11/220.1 miApartment 904, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K09/230.1 miApartment 209, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£190K01/230.14 miFlat 117, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PT2
£170K10/230.15 miFlat 178, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PU2
£400K05/210.21 miFlat 1, Boyds Mill, East Street, Leeds, West Yorkshire LS9 8BU2
£192K01/210.23 mi37, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£185K12/200.23 mi16, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£170K04/210.23 miB17 Saxton, The Avenue, Leeds, West Yorkshire LS9 8FE2
£207.8K05/210.23 mi32, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£150K09/220.27 mi14, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£160K11/200.27 mi40, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£155K11/200.27 mi8, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£165K04/210.28 mi36, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£200K03/210.34 miApartment 113, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£180K07/230.34 miApartment 110, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£270K03/230.34 miApartment 116, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£200K06/230.34 miApartment 37, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BN2
£255K07/240.41 mi3, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£164K07/210.41 mi44, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£193.5K12/200.41 mi19, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£195K01/230.41 mi11, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£85K06/210.62 mi1, Copperfield Place, Leeds, West Yorkshire LS9 0BT2
£215K11/220.67 miApartment 2306, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£262.5K01/230.68 miApartment 2308, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£232.5K03/220.68 miApartment 1809, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QT2
£250K03/230.68 miApartment 2502, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£129.5K02/240.75 mi54, Grange Road, Hunslet, Leeds, West Yorkshire LS10 1SY2
£205K08/230.75 mi24, Aire Quay, Hunslet, Leeds, West Yorkshire LS10 1GA2
£204K02/230.83 mi32, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£190K08/230.84 mi73, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£195K03/240.84 mi59b, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£128K01/230.85 mi23, Gabriel Court, Leeds, West Yorkshire LS10 1DH2
£185K01/230.87 mi63, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£210K08/220.89 mi11, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K08/220.89 mi18, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£175K05/210.9 mi29, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£190K11/210.9 mi7, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£194K10/210.9 mi20, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K05/220.9 mi23, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£80K06/230.92 mi64, Middleton Avenue, Leeds, West Yorkshire LS9 7JH2
£110K06/220.94 mi44, Admiral Street, Leeds, West Yorkshire LS11 5NG2

Local Rents

50 rents from £760/mo to £1.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£97506/240 miTrinity One, East Street, Leeds2
£1,15003/250.01 mi-2
£1,20004/250.01 mi-2
£1,10005/240.01 miTimblebeck, Neptune Street, Leeds, West Yorkshire, LS92
£95006/240.02 miTrinity One 2
£1,35002/240.02 mi-2
£1,19505/240.03 miMerchants Quay, East Street, Leeds2
£1,50012/240.04 mi-2
£1,25002/250.05 mi-2
£1,20002/240.05 mi-2
£1,05004/250.05 mi-2
£1,25003/240.05 miRoberts Wharf, Leeds2
£1,00005/240.05 miRoberts Wharf LS9 8DW2
£1,15005/240.06 miEast Point, East Street, Leeds, West Yorkshire, LS92
£1,80012/240.06 mi-2
£1,60012/240.06 mi-2
£1,80005/240.06 miTurlow Court, Leeds, LS92
£1,30005/240.06 miMerchants Quay, East Street, Leeds, West Yorkshire, UK, LS92
£1,15006/240.07 miEast Point, Leeds, West Yorkshire, LS92
£1,05005/240.07 miRoberts Wharf, Neptune Street, Leeds, LS9 8DW2
£1,10005/240.07 miRoberts Wharf, East Street, Leeds2
£1,17505/240.07 miRoberts Wharf, East Street, Leeds2
£97505/240.07 miRoberts Wharf, Neptune Street, Leeds, West Yorkshire, LS92
£1,15005/240.07 miTrinity One, East Street, Leeds, West Yorkshire, LS92
£1,00005/240.08 miMagellan House, Armouries Way, Leeds, West Yorkshire, LS102
£1,25001/250.08 mi-2
£1,10005/240.08 miGateway South The Gateway Leeds LS9 8BD2
£1,25005/240.09 mi-2
£1,10005/240.09 miEast Street, Leeds, West Yorkshire, LS92
£1,00005/240.09 miMagellan House, Armouries Way, Leeds, West Yorkshire, LS102
£1,10006/240.09 miEast Street, Leeds2
£99512/240.09 mi-2
£99505/240.1 miThe Gateway West, Marsh Lane, Leeds2
£1,10003/240.1 miThe Gateway West, Leeds2
£1,35005/240.1 miGateway West, Leeds City Centre2
£1,20005/240.1 miGateway West, East Street, Leeds City Centre2
£1,20005/240.1 miLeeds, 2
£1,19505/240.1 miGateway East, Marsh Lane, Leeds2
£1,05003/240.1 miGateway East, Marsh Lane, Leeds2
£1,19505/240.1 miGateway East, Marsh Lane, Leeds, LS92
£1,10005/240.1 miGateway East, Marsh Lane, Leeds, LS92
£1,25012/240.1 mi-2
£1,25006/240.1 miMarsh Lane, Leeds, LS92
£1,35005/240.1 miCartier House, Leeds Dock2
£99505/240.1 miNeptune Street, Leeds, West Yorkshire, UK, LS92
£76005/240.1 miGateway South 2
£1,20005/240.1 miSt James Quay, Bowman Lane, LS102
£1,17505/240.1 miThe Gateway West, East Street, Leeds, West Yorkshire, LS92
£99002/250.11 mi-2
£1,00005/240.11 miMerchants Quay, East Street, Leeds, LS92

Local Area Statistics

Population in LS9

37,376

Population in Leeds

635,166

Town centre distance

1.12 miles away

Nearest school

0.20 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £147,000

April 1, 2025

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 2-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 2 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 £15,000 with 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?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪