- Substantial seven bed investment +
- Let until 30th June 2025 +
- Gross rent £42,588 p/a inc bills +
- Very convenient location +
- Close to city and universities +
- OVER 9% GROSS YIELD! +
- EPC RATING - D +
A SUBSTANTIAL SEVEN BEDROOMED INVESTMENT PROPERTY LET UNTIL 30th JUNE 2025 WITH AN ATTRACTIVE RENTAL INCOME OF £42,588 p/a INCLUDING BILLS, LOCATED IN THIS HIGHLY CONVENIENT LOCATION, WITHIN EASY WALKING DISTANCE TO LEEDS CITY CENTRE AND THE UNIVERSITIES.
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The property is let from 1st July 2024 until 30th June 2025 with a gross rent of £42,588 p/a including bills and we understand the net rent less bills is £34,580 p/a, a yield of over 9% based on the asking price!
The property enjoys an elevated position with well presented and spacious accommodation, briefly comprising an entrance hall, lounge, bedroom and dining kitchen on the ground floor, a small basement, four bedrooms, a shower room and separate w/c on the first floor and two further bedrooms on the top floor with another shower room and separate w/c. Externally, there is a paved garden to the front with planting and a large yard to the rear.
The property has a Sui Generis HMO lawful use certificate and the sellers have a HMO Licence until 15th Jun 2027. There is no lettings management tie in, allowing buyers to self manage or appoint their preferred agent.
Tenure: Freehold
Possession: Subject to 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.