5 Bed HMO, Leeds, LS8 2DL £350,000

21 OTLEY ROAD, HEADINGLEY, LEEDS, LS6 3AA - 8 views - 7 months ago
HMO
ROI: 4%
~178 m²
Property image

ValuationUndervalued

Sold Prices£315K - £1.4M
Sold Prices/m²£1.9K/m² - £10.6K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2K/m²

Value Estimate

£434,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£26,200

Total Cash In

£113,700

 

 

Cash Out

 

Room Rate

£513

Gross Rent

£2,565

Running Costs/mo

£2,212

Cashflow/mo

£353

Cashflow/yr

£4,231

ROI

4%

Gross Yield

9%

Local Sold Prices

38 sold prices from £315K to £1.4M, average is £730K. £1.9K/m² to £10.6K/m², average is £4.1K/m².

Price
Date
Distance
Address
Beds
 
£550.5K07/230.04 mi8, Stanley Drive, Leeds, West Yorkshire LS8 2EZ5
£350K06/230.07 mi25, Roman Place, Leeds, West Yorkshire LS8 2DS5
£855K02/230.1 mi30, West Park Road, Leeds, West Yorkshire LS8 2HB5
£615K06/210.11 mi46, Street Lane, Leeds, West Yorkshire LS8 2ET5
£650K06/210.13 mi12, Ingledew Crescent, Leeds, West Yorkshire LS8 1BP5
£710K06/240.13 mi17, Ingledew Crescent, Leeds, West Yorkshire LS8 1BP5
£745K03/240.13 mi15, Ingledew Crescent, Leeds, West Yorkshire LS8 1BP5
£870K02/230.14 mi17, West Park Crescent, Leeds, West Yorkshire LS8 2HE5
£760K07/250.21 mi45, Sutherland Avenue, Lidgett Park, Leeds LS8 1BY5
£1.0M12/240.22 miOld Park House, Old Park Road, Gledhow, Leeds LS8 1DG5
£1.0M12/240.22 miOld Park House, Old Park Road, Gledhow, Leeds LS8 1DG5
£590K07/230.22 mi8, West Park Grove, Roundhay, Leeds, West Yorkshire LS8 2HQ5
£740K11/230.22 mi65, Sutherland Avenue, Leeds, West Yorkshire LS8 1BY5
£1.1M02/230.23 mi15, Park View Crescent, Leeds, West Yorkshire LS8 2ES5
£775K07/240.36 mi38, Ayresome Avenue, Lidgett Park, Leeds LS8 1BE5
£790K05/250.48 mi10, Talbot Road, Moor Allerton, Leeds LS8 1AG5
£790K05/250.48 mi10, Talbot Road, Moor Allerton, Leeds LS8 1AG5
£815K11/230.48 mi5, Bideford Avenue, Leeds, West Yorkshire LS8 2AE5
£650K12/220.49 mi23, Lidgett Park Avenue, Leeds, West Yorkshire LS8 1EU5
£1.3M02/230.5 mi6, Wedgewood Grove, Leeds, West Yorkshire LS8 1EG5
£922.5K03/250.54 mi26, The Avenue, Lidgett Park, Leeds LS8 1JG5
£922.5K03/250.54 mi26, The Avenue, Lidgett Park, Leeds LS8 1JG5
£380K08/230.58 mi91, Birchwood Hill, Leeds, West Yorkshire LS17 8NT5
£585K02/250.61 mi2, Lidgett Park View, Leeds, West Yorkshire LS8 1HF5
£835K01/230.65 mi7, Stoneleigh Garth, Moortown, Leeds, West Yorkshire LS17 8FG5
£315K01/250.67 mi272, Shadwell Lane, Leeds LS17 8AJ5
£870K12/210.71 mi10, Shadwell Park Court, Leeds, West Yorkshire LS17 8TS5
£665.2K08/210.78 mi7, Shadwell Park Drive, Leeds, West Yorkshire LS17 8TT5
£1.2M07/250.79 mi42, Davies Avenue, Gledhow, Leeds LS8 1JY5
£656.3K09/230.8 mi59, Davies Avenue, Leeds, West Yorkshire LS8 1JZ5
£377.5K11/230.87 mi33, Linton Avenue, Leeds, West Yorkshire LS17 8PU5
£340K11/220.87 mi11, Brookhill Crescent, Leeds, West Yorkshire LS17 8QB5
£613K07/250.89 mi6, Denton Avenue, Gledhow, Leeds LS8 1LE5
£705K07/230.9 mi7, Parkwood Avenue, Roundhay, Leeds, West Yorkshire LS8 1JW5
£715K02/230.92 mi39 - 41, Plantation Avenue, Shadwell, Leeds, West Yorkshire LS17 8TB5
£720K06/210.93 mi105, High Ash Avenue, Leeds, West Yorkshire LS17 8RX5
£660K04/230.93 mi85, High Ash Avenue, Leeds, West Yorkshire LS17 8RX5
£1.4M06/210.98 miThe Cyphers, Brandon Court, Leeds, West Yorkshire LS17 8AU5

Local Area Statistics

Population in LS8

47,781

Population in Leeds

635,166

Town centre distance

3.56 miles away

Nearest school

0.40 miles away

Nearest train station

3.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £350,000

April 5, 2025

Floor Plans

Property image

Description

  • Spacious end terrace +
  • Four/five bedrooms, two bathrooms & w/c's +
  • Well presented spacious accommodation +
  • Close to extensive amenities & Roundhay Park +
  • Ideal for investment or family home +
  • Let until 31st July 2025 +
  • EPC Rating E +

A WELL PRESENTED FOUR/FIVE BEDROOMED END TERRACE WITH GARDENS TO THREE SIDES ENJOYING A SUNNY SOUTH EASTERLY ASPECT, SITUATED IN THIS HIGHLY CONVENIENT LOCATION, A SHORT WALK TO THE EXTENSIVE AMENITIES ON STREET LANE INCLUDING SHOPS, BARS AND RESTAURAUNTS, CLOSE TO THE LOVELY OPEN SPACES OF ROUNDHAY PARK AND WITH EASY ACCESS INTO LEEDS CITY CENTRE.

CLICK ON VIRTUAL TOUR OR ON 'FULL DETAILS' FOR LOTS MORE INFORMATION ABOUT THE PROPERTY, THE LOCAL AREA, TRANSPORT LINKS AND SCHOOLS.

The property is currently being run as a successful rental concern, let to five people on fixed term separate tenancy agreements with a gross rent of £2,563 pcm including bills, ideal as an on-going investment purchase.  Two tenancies let until 31st July 2025, two until the 28th February 2026 and one until 31st July 2026. 

The spacious and well managed property comprises an entrance hall, a light and airy dual aspect lounge, a dining room currently being used as the fifth bedroom and a modern fitted kitchen; a basement, two first floor bedrooms, a bathroom w/c and a further separate w/c with two additional bedrooms on the top floor with another bathroom. Externally there are lawned gardens to the front and side, bordered by mature privet hedging, with a side yard area and brick barbeque. There is ample on street parking.

The seller has a HMO Licence until 15th May 2028.

Internal viewing strongly advised of this flexible property, ideal for either on-going investment or conversion back to a family home.

 Tenure – Freehold Possession – The property is being sold subject to the existing tenancy agreements.AML - Under UK Law, Estate agents are required to carry out Anti Money Laundering (AML) checks in line with regulations and guidance set out by HMRC. These checks include identifying the source of funds used to purchase a property and conducting identity checks on their customers. For any intending purchaser, we will require evidence of funding to support any offer and we will carry out an electronic identity check. We may also need to request photographic identification and/or proof of address.

Agent Details

Castlehill, Headingley

0113 519 7781

Next Steps?

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