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Lowtown, Pudsey, LS28

Yorkshire

£850,000
Listed on 07/02/2024

Property Details

Bedrooms
N/A
Type
Detached house
Area
3078 sqft

Description

This property presents an excellent opportunity in a bustling suburb of Leeds, known for its vibrant community and accessibility. Bojangles operates as a popular bar located in the heart of Pudsey town centre, making it an attractive destination for both locals and visitors. The establishment features a two-level layout with two distinct bar areas, offering the potential to host a variety of events. Above the bar, there is a three-bedroom flat that provides convenient accommodation for owners or managers. This living space is complemented by a private balcony, adding to its appeal. The ground floor includes a spacious seating area, complete with a raised section housing a pool table, while the first floor boasts a sizable function room that can accommodate larger gatherings. One of the standout features of this property is the recently granted planning permission for the construction of an additional second floor. This significant enhancement could greatly increase the usable space and overall value of the property, providing substantial renovation potential for future owners looking to expand their business operations. Pudsey itself has proven to be a thriving town with strong connections to both Leeds and Bradford, benefiting from proximity to other market towns such as Yeadon and Horsforth. This central location not only offers high foot traffic but also positions Bojangles well within a community recognized for its local charm. The property is available under flexible terms as either freehold or leasehold, giving prospective buyers various options depending on their investment strategy. Current financials indicate an average weekly turnover of £10,000, reflecting the establishment's viability as an ongoing venture. In summary, this property combines operational functionality with significant investment potential in a desirable location—making it an intriguing option for those looking to capitalize on future growth opportunities in the hospitality sector. Full accounts can be made available after viewing, allowing interested parties to assess the financial health and potential return on investment further.

Investment Analysis

(LS28 area)

Above Market Value

This property is priced +2.3% above area average per sq ft

+2.3%
This Property
£276/sq ft
Area Average
£270/sq ft
Avg Rent (weekly)
£208
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £300,000
Target Value
£914,335
10% above area average per sq ft
Potential ROI
-20.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (LS28)

Area prices are stable by +0.4% over the last 12 months
3 year growth: 6.5%
5 year growth: 19.3%
Investment Disclaimer: Analysis based on LS28 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Lowtown, Pudsey, LS28
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,114
Based on a loan of £637,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE