2 Bed Flat, Cash/Bridging Only, Leeds, LS12 1UH, £70,000

Wesley Road, Leeds, LS12 1UH - 1 views - 18 days ago

Leasehold

Cash

ROI: 9%

~68 m²

ValuationUndervalued

Sold Prices	£58K - £173K
Sold Prices/m²	£982/m² - £2.8K/m²

Square Metres	~68.11 m²
Price/m²	£1K/m²
Value Estimate	£72,100£72,100
BMV	3%

End Value (After Refurb)	£106,527£106,527
Uplift in Value	+52%+52%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£17,500£17,500
Stamp Duty & Legal Fees	£4,700£4,700
Refurb Costs	£26,951£26,951
Bridging Loan Interest	£1,838£1,838
Total Cash In	£52,739£52,739

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£106,527£106,527
Mortgage (After Refinance)	£79,895£79,895
Mortgage LTV	75%75%
Cash Released	£27,395£27,395
Cash Left In	£25,344£25,344
Equity	£26,632£26,632
Rent Range	£650 - £3,575£650 - £3,575
Rent Estimate	£931
Running Costs/mo	£539£539
Cashflow/mo	£392£392
Cashflow/yr	£4,703£4,703
ROI	9%9%
Gross Yield	16%16%

Local Sold Prices

27 sold prices from £58K to £173K, average is £112K. £982/m² to £2.8K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£70K	06/23	0.34 mi	2, Privilege Street, Leeds, West Yorkshire LS12 4LN	-	-	2	Flat
£83K	11/20	0.36 mi	10, Masham Grove, Leeds, West Yorkshire LS12 1QT	£1,482	56	2	Flat
£65K	04/23	0.37 mi	14, Thornhill Place, Leeds, West Yorkshire LS12 4LQ	£982	66	2	Flat
£108K	11/22	0.37 mi	38, Saxstead Rise, Leeds, West Yorkshire LS12 4ND	-	-	2	Flat
£116.3K	09/23	0.38 mi	18, Saxstead Rise, Leeds, West Yorkshire LS12 4ND	£2,114	55	2	Flat
£112K	01/23	0.38 mi	14, Saxstead Rise, Leeds, West Yorkshire LS12 4ND	£2,059	54	2	Flat
£106.4K	01/21	0.38 mi	26, Saxstead Rise, Leeds, West Yorkshire LS12 4ND	£1,970	54	2	Flat
£116K	09/23	0.38 mi	36, Saxstead Rise, Leeds, West Yorkshire LS12 4ND	£2,109	55	2	Flat
£114K	11/22	0.48 mi	17, Tavistock Mews, Leeds, West Yorkshire LS12 4DQ	-	-	2	Flat
£105K	12/22	0.48 mi	19, Tavistock Mews, Leeds, West Yorkshire LS12 4DQ	£1,872	56	2	Flat
£96.5K	08/21	0.55 mi	26, Tavistock Park, Leeds, West Yorkshire LS12 4DD	£1,879	51	2	Flat
£95K	10/21	0.55 mi	8, Tavistock Park, Leeds, West Yorkshire LS12 4DD	£1,656	57	2	Flat
£120K	06/23	0.58 mi	22, Tavistock Close, Leeds, West Yorkshire LS12 4DJ	£2,264	53	2	Flat
£97.5K	03/21	0.58 mi	26, Tavistock Close, Leeds, West Yorkshire LS12 4DJ	£1,912	51	2	Flat
£120K	11/23	0.58 mi	24, Tavistock Close, Leeds, West Yorkshire LS12 4DJ	£2,324	52	2	Flat
£60K	09/22	0.66 mi	17, Hardrow Road, Leeds, West Yorkshire LS12 4BX	-	-	2	Flat
£110K	09/23	0.71 mi	25, Blue Hill Lane, Leeds, West Yorkshire LS12 4WD	£2,037	54	2	Flat
£90K	10/21	0.77 mi	19, Langton Green, Leeds, West Yorkshire LS12 4EJ	£1,216	74	2	Flat
£58K	03/23	0.77 mi	16, Langton Green, Leeds, West Yorkshire LS12 4EJ	-	-	2	Flat
£173K	07/24	0.93 mi	55a, Cardigan Lane, Leeds, West Yorkshire LS4 2LE	£2,808	62	2	Flat
£169.9K	06/22	0.97 mi	26, Abbots Mews, Leeds, West Yorkshire LS4 2AB	£2,698	63	2	Flat
£167.5K	04/23	0.97 mi	37, Abbots Mews, Leeds, West Yorkshire LS4 2AB	£2,617	64	2	Flat
£155K	01/21	0.97 mi	14, Abbots Mews, Leeds, West Yorkshire LS4 2AB	£2,385	65	2	Flat
£145K	03/21	0.97 mi	35, Abbots Mews, Leeds, West Yorkshire LS4 2AB	£2,101	69	2	Flat
£160K	06/22	0.97 mi	8, Abbots Mews, Leeds, West Yorkshire LS4 2AB	£2,759	58	2	Flat
£116.8K	03/22	0.98 mi	6, Abbots Mews, Leeds, West Yorkshire LS4 2AB	£2,124	55	2	Flat
£127K	08/22	0.98 mi	14, Knowle Mount, Leeds, West Yorkshire LS4 2PP	£2,524	50	2	Flat

Local Rents

50 rents from £650/mo to £3.6K/mo, average is £835/mo.

Rent	Date	Distance	Address	Beds	Type
£750	05/24	0.06 mi	Laurel Grove, Armley	2	Flat
£900	12/24	0.07 mi	-	2	Flat
£850	03/24	0.11 mi	Athlone Grove, Leeds, West Yorkshire, LS12	2	Flat
£795	05/24	0.11 mi	Athlone Grove, Leeds, West Yorkshire, LS12	2	Flat
£850	05/24	0.11 mi	Athlone Grove, Leeds, West Yorkshire, LS12	2	Flat
£845	03/25	0.11 mi	-	2	Terraced House
£845	12/24	0.11 mi	-	2	Terraced House
£850	05/24	0.12 mi	Hall Road, Leeds, West Yorkshire, LS12	2	Flat
£725	05/24	0.13 mi	Nancroft Mount, Leeds, West Yorkshire	2	Terraced House
£895	02/25	0.15 mi	-	2	Terraced House
£850	12/24	0.15 mi	-	2	Flat
£795	02/25	0.15 mi	-	2	Flat
£795	05/24	0.16 mi	Armley Road, Flat 1, Leeds, West Yorkshire, LS12	2	Flat
£795	05/24	0.16 mi	Armley Road, Leeds, West Yorkshire, LS12	2	Terraced House
£825	05/24	0.16 mi	Winker Green Mills, Stanningley Road	2	Flat
£800	02/25	0.17 mi	-	2	Flat
£775	05/24	0.17 mi	Nancroft Mount, Armley, Leeds, West Yorkshire, LS12	2	Terraced House
£870	05/24	0.18 mi	Brooklyn Avenue, Leeds, West Yorkshire, LS12	2	Terraced House
£650	02/24	0.18 mi	-	2	Flat
£900	05/24	0.18 mi	-	2	Terraced House
£825	06/24	0.18 mi	Nancroft Terrace, Armley, Leeds, LS12	2	Terraced House
£650	05/24	0.18 mi	Cedar Street, Armley, Leeds	2	Terraced House
£3,575	05/24	0.19 mi	Armley Road, Leeds, West Yorkshire, LS12	2	Flat
£825	05/24	0.2 mi	Winker Green, Stanningley Road	2	Flat
£950	01/25	0.22 mi	-	2	Flat
£695	05/24	0.24 mi	Chichester Street, Armley, Leeds	2	House
£695	05/24	0.24 mi	Chichester Street, Armley, Leeds	2	House
£795	06/24	0.24 mi	Salisbury Road, Leeds, LS12	2	Terraced House
£900	01/25	0.28 mi	-	2	Terraced House
£900	01/25	0.28 mi	-	2	Terraced House
£650	05/24	0.28 mi	Aviary Place, Leeds	2	Flat
£750	12/24	0.29 mi	-	2	Terraced House
£950	02/25	0.29 mi	-	2	Terraced House
£775	02/25	0.31 mi	-	2	Terraced House
£850	02/25	0.32 mi	-	2	Flat
£1,800	05/24	0.33 mi	-	2	Terraced House
£1,800	12/24	0.33 mi	-	2	Terraced House
£1,800	12/24	0.33 mi	-	2	Terraced House
£875	05/24	0.33 mi	Pasture View, Leeds, West Yorkshire, LS12	2	Terraced House
£750	01/24	0.33 mi	-	2	Flat
£850	05/24	0.33 mi	Nunnington Terrace, Leeds, West Yorkshire, LS12	2	Terraced House
£875	03/25	0.33 mi	-	2	Terraced House
£795	05/24	0.34 mi	Pasture View, Leeds, West Yorkshire	2	Terraced House
£775	01/24	0.36 mi	-	2	Terraced House
£795	05/24	0.37 mi	Paisley Grove, Leeds, West Yorkshire, LS12	2	Flat
£800	01/25	0.38 mi	-	2	Terraced House
£1,060	05/24	0.42 mi	Wortley Road, Leeds, West Yorkshire, LS12	2	Flat
£725	05/24	0.42 mi	Paisley Place, Armley, Leeds, LS12	2	Terraced House
£850	03/24	0.43 mi	Paisley Terrace, Leeds, West Yorkshire, LS12	2	Terraced House
£845	05/24	0.43 mi	Christ Church Avenue, Leeds, West Yorkshire, LS12	2	Terraced House

Local Area Statistics

Population in LS12	40,73640,736
Population in Leeds	635,166635,166
Town centre distance	1.39 miles away1.39 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.14 miles away1.14 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+42%+42%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+39%+39%

Property History

Listed for £70,000

March 20, 2025

Description

Buy-to-Let Investmet +
11% Yield +
Sold with Tenant in Situ +
Close to amenities +
Two Double Bedrooms +
Off-Street Parking +

CASH Investment Opportunity!

This well-presented two-bedroom flat in Leeds, is being sold with a tenant in situ, generating an impressive 11% yield. Ideally located with excellent road and rail links to both Leeds and Bradford city centres, as well as easy access to the motorway network.

Agent Details

TKI Residential, Leeds

0113 322 4750

Next Steps?

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