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West Yorkshire (leeds & North Yorkshire)


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Magellan House recent property sale:

http://*******.com/ylhapjk

173, Magellan House, Armouries Way, Leeds, West Yorkshire, LS10 1JP £166,000 30-Jul-2004

173, Magellan House, Armouries Way, Leeds, West Yorkshire, LS10 1JP £148,900 30-Nov-2009

This ones lost some value.

http://www.eigroup.co.uk/auctioneers/templates/lotdetails.asp?au=13422&a=539&c=hah&l=560946

Sold for £32000 after auction 26-01-2010

Bought £119995 on 10-03-2008

Our property

2008-03-10 4, Springfield Court Amersall Road, Scawthorpe, Doncaster, South Yorkshire, DN5 9LN

Flat, Leasehold, New Build add details... £119,995

Whats That as a percentage loss?

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This ones lost some value.

http://www.eigroup.co.uk/auctioneers/templates/lotdetails.asp?au=13422&a=539&c=hah&l=560946

Sold for £32000 after auction 26-01-2010

Bought £119995 on 10-03-2008

Our property

2008-03-10 4, Springfield Court Amersall Road, Scawthorpe, Doncaster, South Yorkshire, DN5 9LN

Flat, Leasehold, New Build add details... £119,995

Whats That as a percentage loss?

Well spotted, that must be some kind of record.

However, truth be known, we are now getting down to the actual worth of these places. I mean, £120k for a one bed box unbelievable!

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Well spotted, that must be some kind of record.

However, truth be known, we are now getting down to the actual worth of these places. I mean, £120k for a one bed box unbelievable!

To right about the £120k price tag, noticed a lot of these blocks of Flats! opps sorry i mean appartments are having there prices slashed recently.

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  • 2 weeks later...

Several houses have just come onto the market in the Hyde Park area of Leeds, here, here and here, for example (plus about 4-5 others); this after about a year of pretty much nothing on the market in this area.

BTL-er selling up? Couldn't get planning permission to turn them into student HMOs (the fact that most of these properties are said to be in need of repair/renovation suggests to me that this is what they've been used as)? Getting out before a fall?

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Several houses have just come onto the market in the Hyde Park area of Leeds, here, here and here, for example (plus about 4-5 others); this after about a year of pretty much nothing on the market in this area.

BTL-er selling up? Couldn't get planning permission to turn them into student HMOs (the fact that most of these properties are said to be in need of repair/renovation suggests to me that this is what they've been used as)? Getting out before a fall?

£115k for a 2 bed in Thornville St or Harold Rd.?

Totally unrealistic

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  • 2 weeks later...

Good work Bootsox (you forgot to update the sale at the back end 08 of 37 Magellan for £98,000 which is what caused controversy in the thread when i said that this was a good price to buy it at (possibly because it's not on Ourproperty.co.uk which i believe is the site you use...)

So then, 37 Magellan house - £30,000 profit for the 'fool' that bought it at £98,000 in less than a year, what a terrible investment that was, and the market has only really just started to recover.... ummm what a terrible yield that is!!! Everyone that argued so vehemently against me was full of [email protected]*t, and you seem to pride yourselves on knowing so much about property!

Lesson to readers - be brave when the market is fearful and fearful when the market is brave... trust your own instincts and don't listen to pessimistic comments from people on discussion forums!

2 beds Magellan House currently letting offers down to 650 pcm furnished (and pretty desperate offering first month half price etc). Barely worth £100k based on yields, and rents seem to be falling.

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  • 2 months later...

Magellan House recent property sale:

http://*******.com/ylhapjk

173, Magellan House, Armouries Way, Leeds, West Yorkshire, LS10 1JP £166,000 30-Jul-2004

173, Magellan House, Armouries Way, Leeds, West Yorkshire, LS10 1JP £148,900 30-Nov-2009

Recent sale

http://*******.com/36ly9c4

89, Magellan House, Armouries Way, Leeds, West Yorkshire, LS10 1JG £111,000 22-Aug-2003

89, Magellan House, Armouries Way, Leeds, West Yorkshire, LS10 1JG £120,000 30-Jan-2004

89, Magellan House, Armouries Way, Leeds, West Yorkshire, LS10 1JG £98,000 01-Apr-2010

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Recent sale

http://*******.com/36ly9c4

89, Magellan House, Armouries Way, Leeds, West Yorkshire, LS10 1JG £111,000 22-Aug-2003

89, Magellan House, Armouries Way, Leeds, West Yorkshire, LS10 1JG £120,000 30-Jan-2004

89, Magellan House, Armouries Way, Leeds, West Yorkshire, LS10 1JG £98,000 01-Apr-2010

I think that's a 1 bedder, still some way to go

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  • 4 months later...

both 2 bedders?, neighbouring flats down from 149k to 103k in 8 months to July 2010

7th Jul 2010

175, Magellan House, Armouries Way, Leeds LS10 1JP

See all house prices in LS10 1JP

Flat, Leasehold, -- Beds, -- Baths, -- Receps - Edit

£103,000

30th Nov 2009

173, Magellan House, Armouries Way, Leeds LS10 1JP

See all house prices in LS10 1JP

Flat, Leasehold, 2 Beds, 1 Baths, 1 Receps - Edit

£148,900

Edited by Si1
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  • 4 weeks later...

This place must have originally sold during the white heat of the property boom:

http://*******.com/2eehor3

Apartment 706,

The Gateway North, Crown Point Road,

Leeds,

West Yorkshire,

LS9 8BX £221,500

Flat

Leasehold

New Build 06-Mar-2007

Map (LS9 8BX)

Now recently sold at auction:

http://www.auction.co.uk/residential/LotDetails.asp?A=642&MP=84&ID=642000224&S=C&O=A

Lot 211 Auction 28th October 2010

Guide Price £80,000 - £90,000

Result £119,000 Gross initial Yield 7.06 %

Leeds Apartment 706, The Gateway North, Crown Point, West Yorkshire LS9 8BX

Edited by Bootsox
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  • 4 weeks later...

link

Was:

50,Magellan House, Armouries Way,

Leeds,

West Yorkshire,

LS10 1JE £175,000

Flat

Leasehold

New Build 06-Aug-2003

Map (LS10 1JE)

Now:

50,Magellan House, Armouries Way,

Leeds,

West Yorkshire,

LS10 1JE £138,000

Flat

Leasehold

Not New Build 01-Oct-2010

Map (LS10 1JE)

Edited by Bootsox
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link

Was:

Apartment 87,

Balmoral Place, 2 Bowman Lane,

Hunslet,

Leeds,

West Yorkshire,

LS10 1HR £265,495

Flat

Leasehold

New Build 14-Dec-2005

Map (LS10 1HR)

Now:

Apartment 87,

Balmoral Place, 2 Bowman Lane,

Hunslet,

Leeds,

West Yorkshire,

LS10 1HR £163,000

Flat

Leasehold

Not New Build 20-Sep-2010

Map (LS10 1HR)

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  • 2 weeks later...

Today I've been contacted by my old EA about an investor selling up in Clarence Dock. 3 x 2 bedders coming onto the market, 'very negotiable' if another investor wanted to take 2 or all 3 and could complete early as possible in the new year.

Don't know the numbers but I bet they would have been £180k+ as new builds. Clarence Dock stock mostly cleared at the peak of the boom.

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  • 3 weeks later...

Was

Apartment 87,

Balmoral Place, 2 Bowman Lane,

Hunslet,

Leeds,

West Yorkshire,

LS10 1HR £265,495

Flat

Leasehold

New Build 14-Dec-2005

Map (LS10 1HR)

Now

Apartment 87,

Balmoral Place, 2 Bowman Lane,

Hunslet,

Leeds,

West Yorkshire,

LS10 1HR £163,000

Flat

Leasehold

Not New Build 20-Sep-2010

Map (LS10 1HR)

My link

Edited by Bootsox
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  • 7 months later...

Another story of financial ruination?

My link

63, Magellan House, Armouries Way,

Leeds,

West Yorkshire,

LS10 1JE £195,000

Flat

Leasehold

New Build 25-Jul-2003

Map (LS10 1JE)

63, Magellan House, Armouries Way,

Leeds,

West Yorkshire,

LS10 1JE £137,500

Flat

Leasehold

Not New Build 19-May-2011

Map (LS10 1JE)

Edited by Bootsox
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  • 1 month later...

originally sold at the height of the property boom:

new build price

2007-07-20

1, Melbourne Mills Melbourne Street, Morley, Leeds, West Yorkshire, LS27 8BJ

Flat, Leasehold, New Build add details...

£126,850

....and at auction (15/09/11)

auction result

Lot 269 15th September 2011 Auction

Guide Price £55,000 - £65,000

Result £55,000

1 Melbourne Mills

Melbourne Street

Morley

West Yorkshire

LS27 8BJ

Edited by Bootsox
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originally sold at the height of the property boom:

new build price

2007-07-20

1, Melbourne Mills Melbourne Street, Morley, Leeds, West Yorkshire, LS27 8BJ

Flat, Leasehold, New Build add details...

£126,850

....and at auction (15/09/11)

auction result

Lot 269 15th September 2011 Auction

Guide Price £55,000 - £65,000

Result £55,000

1 Melbourne Mills

Melbourne Street

Morley

West Yorkshire

LS27 8BJ

Back to reality with that one then :)

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  • 1 month later...

2 bedroom flat for sale

£127,500

Magellan House Armouries Way, Leeds LS10

flat

Although in the blurb they say they have had an offer for £121k.

This property originally sold for £180k on 25/07/03

Every single new build flat that eventually sells in Leeds City centre now seems to be at a considerable loss.

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  • 3 weeks later...

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