2 Bed Flat, Single Let, Leeds, LS16 6AP, £160,000

New Adel Lane, Leeds, West Yorkshire, LS16 6AP - 22 days ago

Leasehold
BTL
ROI: 3%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£67.5K - £230K
Sold Prices/m²£1.3K/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£152,760

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£795 - £1,300

Rent Estimate

£795

Running Costs/mo

£679

Cashflow/mo

£116

Cashflow/yr

£1,392

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £67.5K to £230K, average is £144.5K. £1.3K/m² to £2.9K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£120K01/210.01 mi74, New Adel Lane, Leeds, West Yorkshire LS16 6AP2
£110K05/230.04 mi2, Otterburn Gardens, Leeds, West Yorkshire LS16 6AS2
£145K05/210.04 mi19, Otterburn Gardens, Leeds, West Yorkshire LS16 6AS2
£160K12/220.05 mi71, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AY2
£137.5K11/200.05 mi59, Redesdale Gardens, Leeds, West Yorkshire LS16 6AY2
£125K10/210.06 mi7, Rothbury Gardens, Leeds, West Yorkshire LS16 6AW2
£170K12/220.08 mi82, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AU2
£145K03/230.08 mi114, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AX2
£147K02/240.08 mi148, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AX2
£140K03/230.08 mi132, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AX2
£117K11/230.08 mi86, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AX2
£113K03/210.11 mi3, Redesdale Gardens, Leeds, West Yorkshire LS16 6AT2
£113K03/210.11 mi3, Redesdale Gardens, Leeds, West Yorkshire LS16 6AT2
£160K11/230.11 mi26, New Adel Lane, Leeds, West Yorkshire LS16 6AN2
£135K11/200.11 mi54, New Adel Lane, Leeds, West Yorkshire LS16 6AN2
£150K06/240.11 mi30, New Adel Lane, Leeds, West Yorkshire LS16 6AN2
£148.5K12/230.11 mi16, New Adel Lane, Leeds, West Yorkshire LS16 6AN2
£130K09/230.11 mi56, New Adel Lane, Leeds, West Yorkshire LS16 6AN2
£119K12/220.12 mi60, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AU2
£137.5K02/210.12 mi14, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AU2
£160K06/240.12 mi10, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AU2
£145K10/230.12 mi62, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AU2
£145K10/220.13 mi158, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AX2
£139K07/210.18 mi371, Otley Road, Leeds, West Yorkshire LS16 6AL2
£115K03/210.18 mi397, Otley Road, Leeds, West Yorkshire LS16 6AL2
£144K05/230.18 mi389, Otley Road, Leeds, West Yorkshire LS16 6AL2
£84K01/210.25 mi17, Magdalene Close, Leeds, West Yorkshire LS16 6QJ2
£80K05/210.25 mi1, Magdalene Close, Leeds, West Yorkshire LS16 6QJ2
£80K07/210.25 mi9, Magdalene Close, Leeds, West Yorkshire LS16 6QJ2
£170K10/220.27 mi24, Lawns Hall Close, Leeds, West Yorkshire LS16 8HY2
£149.5K07/210.27 mi19, Lawns Hall Close, Leeds, West Yorkshire LS16 8HY2
£140K07/210.27 mi44, Lawns Hall Close, Leeds, West Yorkshire LS16 8HY2
£136K10/200.27 mi34, Lawns Hall Close, Leeds, West Yorkshire LS16 8HY2
£152K11/230.27 mi49, Lawns Hall Close, Leeds, West Yorkshire LS16 8HY2
£153.1K01/230.46 mi14, Heathfield Walk, Leeds, West Yorkshire LS16 7QQ2
£110K10/220.55 mi82, Ireland Crescent, Leeds, West Yorkshire LS16 6SZ2
£75K05/230.55 mi88, Ireland Crescent, Leeds, West Yorkshire LS16 6SZ2
£95K05/230.55 mi90, Ireland Crescent, Leeds, West Yorkshire LS16 6SZ2
£114K08/210.61 mi193, Iveson Drive, Leeds, West Yorkshire LS16 6NY2
£165K12/210.68 mi17, Oaklands Fold, Adel, Leeds, West Yorkshire LS16 8NT2
£182.5K03/210.68 mi18, Oaklands Fold, Adel, Leeds, West Yorkshire LS16 8NT2
£175K12/230.71 mi299, Otley Road, Leeds, West Yorkshire LS16 6EY2
£175K02/230.72 mi42, Long Causeway, Adel, Leeds, West Yorkshire LS16 8EQ2
£158K01/210.74 mi11, Grange Wood Court, Leeds, West Yorkshire LS16 6ED2
£230K06/210.78 mi7, Glendower Park, Adel, Leeds, West Yorkshire LS16 8HA2
£67.5K01/210.79 mi26, Holtdale Fold, Leeds, West Yorkshire LS16 7RS2
£185K05/230.81 mi44, Foxhill Court, Leeds, West Yorkshire LS16 5PN2
£163K01/210.81 mi45, Foxhill Court, Leeds, West Yorkshire LS16 5PN2
£171K04/240.81 mi45, Foxhill Court, Leeds, West Yorkshire LS16 5PN2
£165K03/240.82 mi12, Foxhill Court, Leeds, West Yorkshire LS16 5PL2

Local Rents

21 rents from £795/mo to £1.3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£89512/230.02 mi-2
£1,15009/240.02 mi-2
£95003/250.04 mi-2
£85005/240.05 miRedesdale Gardens, Adel, Leeds2
£80005/240.06 miRedesdale Gardens, Leeds, West Yorkshire, UK, LS162
£82505/240.06 miNew Adel Lane, Leeds, West Yorkshire, UK, LS162
£79501/240.07 mi-2
£1,10003/240.08 mi-2
£1,30003/250.08 mi-2
£95006/240.08 miRedesdale Gardens, Leeds, LS162
£85001/240.09 mi-2
£82505/240.13 miRedesdale Gardens, Adel, Leeds2
£79505/240.13 miRedesdale Gardens, Adel, LEEDS 162
£82505/240.18 miRedesdale Gardens, Leeds, West Yorkshire, UK, LS162
£1,20005/240.27 miWoodlands Grove, Adel, Leeds, West Yorkshire.2
£89505/240.33 miRaynel Mount, Adel, Leeds2
£1,20005/240.38 miLuttrell Gardens, Lawnswood, Leeds, LS16 6LY2
£99505/240.55 miAdel Grange Mews, Adel, Leeds, West Yorkshire2
£98001/250.55 mi-2
£1,05005/240.55 miIveson Green, LEEDS2
£1,02010/240.6 mi-2

Local Area Statistics

Population in LS16

35,198

Population in Leeds

635,166

Town centre distance

3.76 miles away

Nearest school

0.30 miles away

Nearest train station

1.38 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £160,000

March 19, 2025

Floor Plans

Description

  • Chain Free +
  • Great First Home +
  • First Floor Apartment +
  • Communal Gardens +
  • Extended Lease +
  • Material Information Available/Ask Agent +

*CHAIN FREE* FIRST FLOOR apartment which REQUIRES UPDATING!

An excellent opportunity to acquire a first floor apartment in this very popular development in Adel. In brief, the property comprises entrance hall, spacious lounge with dining area, fitted kitchen, two double bedrooms and shower room. Outside, there are well kept communal gardens and on street parking is available.

Adel is one of the most sought after North Leeds residential areas offering a blend of urban and rural living whilst being close enough to the city centre for ease of commute. It has its own immediate facilities and offers a variety of shops and restaurants. There are well regarded schools for all ages in the area along with supermarkets and leisure facilities at Cookridge Hall, and Headingley Golf Club. Adel has good vehicular access to the cosmopolitan amenities of Headingley and in the other direction Otley, Ilkley and the Yorkshire Dales. Leeds/Bradford airport is approximately three miles away operating regular internal and international flights.

Agent Details

Manning Stainton, Adel

0113 519 1444

Next Steps?

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