3 Bed Semi-Detached House, Refurb/BRRR, Leeds, LS16 5ES, £220,000

Spen Approach, Leeds, West Yorkshire, LS16 5ES - a month ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+14 photos

ValuationFair Value

Sold Prices£120K - £365K
Sold Prices/m²£1.3K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£224,400

 

 

End Value (After Refurb)

£247,621

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£14,100

Refurb Costs

£36,800

Bridging Loan Interest

£5,775

Total Cash In

£113,425

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£247,621

Mortgage (After Refinance)

£185,716

Mortgage LTV

75%

Cash Released

£20,716

Cash Left In

£92,709

Equity

£61,905

Rent Range

£850 - £2,580

Rent Estimate

£1,345

Running Costs/mo

£1,063

Cashflow/mo

£282

Cashflow/yr

£3,386

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £120K to £365K, average is £218.3K. £1.3K/m² to £3.8K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£224.4K01/240.02 mi81, Spen Approach, Leeds, West Yorkshire LS16 5ES3
£255K08/240.02 mi68, Spen Approach, Leeds, West Yorkshire LS16 5ES3
£216.5K09/210.03 mi10, Spen Mews, Leeds, West Yorkshire LS16 5QN3
£225K08/230.04 mi1, Spen Crescent, Leeds, West Yorkshire LS16 5ET3
£171K05/210.11 mi94, Spen Approach, Leeds, West Yorkshire LS16 5HF3
£165K05/210.11 mi35, Old Oak Drive, Leeds, West Yorkshire LS16 5HA3
£153K04/210.11 mi30, Spen Approach, Leeds, West Yorkshire LS16 5EW3
£136K01/210.17 mi94, Lea Farm Drive, Leeds, West Yorkshire LS5 3QH3
£180K12/200.17 mi240, Queenswood Drive, Leeds, West Yorkshire LS6 3ND3
£188K02/210.19 mi71, Lea Farm Drive, Leeds, West Yorkshire LS5 3QN3
£180K12/220.19 mi12, Lea Farm Row, Leeds, West Yorkshire LS5 3QR3
£268K08/230.2 mi12, Ghyll Road, Leeds, West Yorkshire LS6 3LY3
£151K03/230.2 mi23, Ghyll Road, Leeds, West Yorkshire LS6 3LY3
£335K12/230.2 mi10, Ghyll Road, Leeds, West Yorkshire LS6 3LY3
£231K03/210.23 mi5, Lea Farm Drive, Leeds, West Yorkshire LS5 3QG3
£170K11/200.23 mi33, Lea Farm Drive, Leeds, West Yorkshire LS5 3QG3
£214K08/210.23 mi11, Lea Farm Drive, Leeds, West Yorkshire LS5 3QG3
£250K01/210.23 mi1, Lea Farm Drive, Leeds, West Yorkshire LS5 3QG3
£300.8K08/230.23 mi7, Lea Farm Drive, Leeds, West Yorkshire LS5 3QG3
£265K08/230.23 mi6, Lea Farm Grove, Leeds, West Yorkshire LS5 3QJ3
£157K04/210.23 mi4, Lea Farm Grove, Leeds, West Yorkshire LS5 3QJ3
£257.3K07/230.23 mi30, Lea Farm Grove, Leeds, West Yorkshire LS5 3QJ3
£248.5K06/230.24 mi4, Lea Farm Crescent, Leeds, West Yorkshire LS5 3QQ3
£190.5K09/220.27 mi31, Lea Farm Road, Leeds, West Yorkshire LS5 3PB3
£232K08/230.28 mi7, Lea Farm Road, Leeds, West Yorkshire LS5 3PB3
£192.5K10/210.28 mi157, Butcher Hill, Leeds, West Yorkshire LS16 5EA3
£210K06/230.28 mi167, Butcher Hill, Leeds, West Yorkshire LS16 5EA3
£365K05/210.28 mi41, Moor Grange View, Leeds, West Yorkshire LS16 5BH3
£280K08/240.29 mi20, Vesper Road, Leeds, West Yorkshire LS5 3NX3
£237K09/220.29 mi153, Butcher Hill, Leeds, West Yorkshire LS16 5EA3
£182K06/210.3 mi47, Lea Farm Road, Leeds, West Yorkshire LS5 3PL3
£215K08/210.31 mi16, Old Farm Approach, Leeds, West Yorkshire LS16 5DD3
£192K08/240.32 mi4, Hawkswood Street, Leeds, West Yorkshire LS5 3PA3
£357.5K06/210.32 mi3, Vesper Road, Leeds, West Yorkshire LS5 3NU3
£120K03/210.32 mi13, Hawkswood Mount, Leeds, West Yorkshire LS5 3PQ3
£258.3K02/230.33 mi153, Latchmere Drive, Leeds, West Yorkshire LS16 5DY3
£240K12/210.34 mi2, Southolme Close, Leeds, West Yorkshire LS5 3LP3
£282.5K10/230.34 mi4, Southolme Close, Leeds, West Yorkshire LS5 3LP3
£247.5K10/230.34 mi12, Woodbridge Crescent, Leeds, West Yorkshire LS6 3LN3
£240K03/230.34 mi205, Queenswood Drive, Leeds, West Yorkshire LS6 3LL3
£190K11/200.36 mi37, Quarry Bank Court, Leeds, West Yorkshire LS5 3NT3
£191.3K03/210.36 mi21, Quarry Bank Court, Leeds, West Yorkshire LS5 3NT3
£209K12/200.36 mi35, Quarry Bank Court, Leeds, West Yorkshire LS5 3NT3
£297K02/220.36 mi39, Quarry Bank Court, Leeds, West Yorkshire LS5 3NT3
£289.9K10/230.36 mi3, Quarry Bank Court, Leeds, West Yorkshire LS5 3NT3
£235K10/220.37 mi28, Fillingfir Road, Leeds, West Yorkshire LS16 5EE3
£195K01/210.37 mi28, Fillingfir Road, Leeds, West Yorkshire LS16 5EE3
£220K02/240.38 mi16, Hawkswood Grove, Leeds, West Yorkshire LS5 3PF3
£215K08/220.38 mi6, Old Farm Walk, Leeds, West Yorkshire LS16 5DZ3
£210K12/220.38 mi10, Kepstorn Close, Leeds, West Yorkshire LS5 3EL3

Local Rents

27 rents from £850/mo to £2.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25003/250.21 mi-3
£1,40003/250.26 mi-3
£1,40012/230.28 mi-3
£1,20005/240.28 miButcher Hill, LEEDS3
£2,58002/240.3 mi-3
£99505/240.32 miVesper Road, Kirkstall3
£1,25005/240.32 miVesper Road, Leeds3
£85005/240.34 miBroadway, LS53
£1,35012/240.37 mi-3
£1,02512/240.37 mi-3
£1,02506/240.37 miWoodbridge Crescent, Leeds, LS63
£1,10006/240.4 miBroadway, Kirkstall, Leeds, West Yorkshire, LS53
£2,00003/240.5 miLow Lane, Horsforth, Leeds, UK, LS183
£1,29505/240.53 miLatchmere Gardens, Leeds, West Yorkshire, LS163
£2,10012/240.55 miHorsforth Mill, Low Lane, Horsforth, Leeds3
£97507/230.58 mi-3
£1,00012/240.58 miParadise Grove, Horsforth, Leeds, West Yorkshire, LS183
£1,20012/240.59 mi-3
£99505/240.59 miVesper Way, Kirkstall, Leeds3
£1,97904/250.6 mi-3
£1,20005/240.6 miVesper Road, Leeds, West Yorkshire, LS53
£97505/240.6 miCragside Place, Kirkstall, Leeds, LS53
£1,52501/250.62 mi-3
£1,50003/250.62 mi-3
£97504/250.62 mi-3
£1,65005/240.62 miCarisbrooke Road, Leeds, West Yorkshire, LS163
£1,70005/240.62 miCarisbrooke Road, Leeds, West Yorkshire, LS163

Local Area Statistics

Population in LS16

35,198

Population in Leeds

635,166

Town centre distance

2.89 miles away

Nearest school

0.40 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £220,000

March 31, 2025

Floor Plans

Description

  • Same ownership for some 37 years +
  • Gas central heating +
  • UPVC double glazed sealed unit windows and outer doors +
  • Cavity wall and loft insulation for economy and comfort +
  • Well-lit through lounge/dining area +
  • Conservatory of good size +
  • Third bedroom of good size +
  • Fully tiled bathroom +
  • Should certainly appeal to gardening enthusiasts +
  • Scope for some improvements +

SET BACK from the road in a COMMANDING, ELEVATED POSITION for WINDOW PRIVACY from the road and also to take advantage of the INTERESTING, PANORAMIC, DISTANT VIEWS from the front windows, AN EXCELLENT OPPORTUNITY for FIRST TIME BUYERS to purchase this VERY APPEALING SEMI-DETACHED RESIDENCE. The property, which, has been in the SAME HAPPY OWNERSHIP for some 37 years, is very conveniently situated only several minutes drive from West Park, Kirkstall centre and the "vibrant" centre of Headingley with excellent amenities. There are grass verges along the road, enhancing the appeal of the location and the benefit of pedestrian access from the rear garden (via a hand gate) to Spen Mews which leads to Spen Lane near Queenswood Drive (barely five minutes walk) from where there are bus services towards Leeds city centre. The VERY WELL-LIT ACCOMMODATION includes a THROUGH LOUNGE/DINING AREA with the advantage of A CONNECTING CONSERVATORY OF GOOD SIZE and which, when combined, form AN EXCELLENT ROOM ideal for entertaining, particularly for parties and larger family gatherings. The VALUABLE THIRD BEDROOM OF GOOD SIZE (not usually found with a property in this price region) is another feature, and the property, which, should respond well to some modernisation and improvements, is further enhanced by the DELIGHTFUL, PRIVATE GARDEN OF VERY GOOD SIZE and will appeal to gardening enthusiasts!

Agent Details

Walker Smale, West Park

0113 519 4975

Next Steps?

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