2 Bed Flat, Single Let, Leeds, LS12 2EW, £58,000

Artist Street, Armley, Leeds, West Yorkshire, LS12 2EW - 1 views - 13 days ago

Leasehold
Auction
BTL
ROI: 26%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£60K - £300K
Sold Prices/m²£1.5K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£852/m²

Value Estimate

£71,920
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£14,500

Stamp Duty & Legal Fees

£4,100

Total Cash In

£18,600

 

 

Cash Out

 

Rent Range

£750 - £2,450

Rent Estimate

£755

Running Costs/mo

£352

Cashflow/mo

£403

Cashflow/yr

£4,833

ROI

26%

Gross Yield

16%

Local Sold Prices

50 sold prices from £60K to £300K, average is £176.8K. £1.5K/m² to £3.8K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£165K03/230.27 miFlat 44, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE2
£188K11/220.31 miFlat 30, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£171K12/230.32 miBonaire, Flat 13, Gotts Road, Leeds, West Yorkshire LS12 1DL2
£235K10/220.32 miFlat 33, Bonaire, Gotts Road, Leeds, West Yorkshire LS12 1DL2
£140K04/230.33 miFlat 10, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£172.5K06/210.33 miFlat 24, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£242K07/230.33 miFlat 17, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£177.5K04/230.34 miFlat 42, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE2
£172K04/210.34 miFlat 13, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£169K12/210.34 miFlat 50, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE2
£270K02/210.35 miFlat 29, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ2
£194.5K03/230.35 miFlat 10, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ2
£280K05/210.35 miFlat 34, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ2
£175K04/210.36 miFlat 39, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£190.5K01/210.36 miFlat 40, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£169.9K02/210.36 miFlat 8, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£170K12/220.36 miFlat 84, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£225K01/230.36 miFlat 86, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£185.5K04/210.36 miFlat 38, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£176K06/210.37 miFlat 47, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£148K03/210.37 miFlat 42, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£240K10/200.37 miFlat 51, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£190K02/230.37 miFlat 54, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£300K09/230.38 miFlat 79, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£187.5K02/210.38 miFlat 84, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£215K04/210.38 miFlat 43, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£186K08/210.38 miFlat 66, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£160K04/210.38 miFlat 58, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£188K08/230.38 miFlat 57, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£220K11/220.39 miFlat 12, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£270K02/230.43 miFlat 90, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£145K07/230.45 mi9, Kendal Walk, Leeds, West Yorkshire LS3 1NP2
£83K11/200.54 mi10, Masham Grove, Leeds, West Yorkshire LS12 1QT2
£96.5K08/210.65 mi26, Tavistock Park, Leeds, West Yorkshire LS12 4DD2
£95K10/210.65 mi8, Tavistock Park, Leeds, West Yorkshire LS12 4DD2
£125K10/200.67 miFlat 1, Berkeley Court, Kelso Street, Leeds, West Yorkshire LS2 9PT2
£125K10/200.67 miFlat 1, Berkeley Court, Kelso Street, Leeds, West Yorkshire LS2 9PT2
£114K11/220.68 mi17, Tavistock Mews, Leeds, West Yorkshire LS12 4DQ2
£105K12/220.69 mi19, Tavistock Mews, Leeds, West Yorkshire LS12 4DQ2
£120K06/230.7 mi22, Tavistock Close, Leeds, West Yorkshire LS12 4DJ2
£97.5K03/210.7 mi26, Tavistock Close, Leeds, West Yorkshire LS12 4DJ2
£120K11/230.7 mi24, Tavistock Close, Leeds, West Yorkshire LS12 4DJ2
£210K08/220.74 mi18, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K08/220.75 mi11, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£175K05/210.75 mi29, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£190K11/210.75 mi7, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£194K10/210.75 mi20, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K05/220.75 mi23, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£204K02/230.81 mi32, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£60K09/220.85 mi17, Hardrow Road, Leeds, West Yorkshire LS12 4BX2

Local Rents

50 rents from £750/mo to £2.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£75005/240 miMeridian House, Artist Street, Leeds, West Yorkshire, LS122
£75003/240 miMeridian House, Artist Street, Leeds, West Yorkshire, LS122
£1,19501/240.14 mi-2
£1,23502/250.14 mi-2
£1,90005/240.14 mi-2
£1,20002/250.14 mi-2
£1,30005/240.14 mi-2
£1,20001/250.18 mi-2
£2,00005/240.25 miWhitehall Road, Leeds, West Yorkshire, LS122
£1,29505/240.25 miSpringwell Gardens, Whitehall Road, Leeds, West Yorkshire, LS122
£2,00005/240.25 miSpringwell Gardens, Whitehall Road, Leeds, West Yorkshire, LS122
£1,29505/240.25 miSpringwell Gardens, Whitehall Road, Leeds, West Yorkshire, LS122
£1,90006/240.25 miSpringwell Gardens, Whitehall Road, Leeds, West Yorkshire, LS122
£2,45006/240.27 mi-2
£1,10006/240.27 miSantorini, Leeds, LS122
£1,10012/240.27 mi-2
£1,39505/240.27 miCatalina, Gotts Road, Leeds2
£1,53006/240.27 miThe Junction, Holbeck Place, Whitehall, Leeds, West Yorkshire, LS122
£1,20005/240.29 miGotts Road, Leeds, West Yorkshire, LS122
£1,12503/240.29 miGotts Road, Leeds, West Yorkshire, LS122
£1,26505/240.29 miGotts Road, Leeds, West Yorkshire, LS122
£1,38006/240.29 miAruba, Gotts Road, Leeds City Centre, LS122
£1,20005/240.29 miAruba, Gotts Road, Leeds City Centre, LS122
£1,12505/240.29 miAruba, Gotts Road, Leeds City Centre, LS122
£1,17505/240.29 miAruba, Gotts Road, Leeds City Centre, LS122
£1,12505/240.29 miAruba, Gotts Road, Leeds City Centre, LS122
£1,54005/240.3 miSignal Apartments, The Junction, Whitehall, Leeds, West Yorkshire, LS122
£1,47005/240.3 miSignal Apartments, The Junction, Whitehall , Leeds, West Yorkshire, LS122
£1,45505/240.3 miThe Junction, Whitehall, Leeds, West Yorkshire, LS122
£1,47006/240.3 miThe Junction, Whitehall, Leeds, West Yorkshire, LS122
£92005/240.3 mi25 Catalina2
£1,28005/240.31 miGotts Road, Leeds, West Yorkshire, LS122
£1,30506/240.31 miGotts Road, Leeds, West Yorkshire, LS122
£1,28005/240.31 miMontague, Gotts Road, Leeds City Centre2
£1,37505/240.31 miMontague, Gotts Road, Leeds City Centre, LS122
£1,09505/240.31 miMontague, Gotts Road, Leeds City Centre, LS122
£1,33005/240.31 miMontague, Gotts Road, Leeds City Centre, LS122
£1,28005/240.31 miMontague, Gotts Road, Leeds City Centre, LS122
£1,33005/240.31 miMontague, Gotts Road, Leeds, LS122
£1,25005/240.31 miMontague, Gotts Road, Leeds City Centre, LS122
£1,13505/240.31 miMontague, Gotts Road, Leeds City Centre2
£1,30505/240.32 miWaterside Apartments, Leeds, LS122
£1,20505/240.32 miWaterside Apartments, Leeds, LS122
£1,20505/240.32 miWaterside Apartments, Leeds, LS122
£1,20505/240.32 miWaterside Apartments, Leeds, LS122
£1,20505/240.32 miWaterside Apartments, Leeds, LS122
£1,30505/240.32 miWaterside Apartments, Leeds, LS122
£1,25505/240.32 miWaterside Apartments, Leeds, LS122
£1,30505/240.32 miWaterside Apartments, Leeds, LS122
£1,30505/240.32 miWaterside Apartments, Leeds, LS122

Local Area Statistics

Population in LS12

40,736

Population in Leeds

635,166

Town centre distance

0.66 miles away

Nearest school

0.40 miles away

Nearest train station

0.92 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+42%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £58,000

March 18, 2025

Floor Plans

Description

Meridian House is a modern conversion situated close to Leeds City Centre, with great access to Motorway links.

This is a two-bedroom apartment in Meridian House, Leeds. The property offers a great opportunity for investment and comprises of a large open plan kitchen / lounge space, with large windows offering plenty of light. There are two bedrooms and a house bathroom with bath, shower and toilet.
Rental Potential
Council Tax A
EPC Rating D

The seller advises of the following:
Service Charge £1887 pa
Ground Rent £375pa

The property is located on the ground floor and benefits from a secure door code entry system, intercom entry, and double glazing throughout. The property also has electric heating.

Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with theAuctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers
solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price
including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as
part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification
verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything
you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation
Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the
preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they
will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral
arrangement and payment prior to any services being taken by you.

Agent Details

Bridgfords, Leeds

0113 519 5202

Next Steps?

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