5 Bed HMO, Leeds, LS6 3JU £400,000

Grimthorpe Street, Leeds, LS6 3JU - 1 views - a year ago
HMO
ROI: 4%
~113 m²
Property image

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£31,200

Total Cash In

£131,200

 

 

Cash Out

 

Room Rate

£587

Gross Rent

£2,935

Running Costs/mo

£2,466

Cashflow/mo

£469

Cashflow/yr

£5,632

ROI

4%

Gross Yield

9%

Local Sold Prices

31 sold prices from £189.9K to £860K, average is £356K. £1.7K/m² to £5.9K/m², average is £3K/m².

Price
Date
Distance
Address
Beds
 
£310K10/230.01 mi11, Grimthorpe Street, Leeds, West Yorkshire LS6 3JU5
£470K06/210.11 mi37, Becketts Park Crescent, Leeds, West Yorkshire LS6 3PH5
£356K05/210.12 mi40, Becketts Park Crescent, Leeds, West Yorkshire LS6 3PQ5
£463.3K10/220.21 mi20, Estcourt Avenue, Leeds, West Yorkshire LS6 3ES5
£440.1K09/230.24 mi74, St Michaels Road, Leeds, West Yorkshire LS6 3BG5
£513K06/210.29 mi18, St Chads Drive, Leeds, West Yorkshire LS6 3QD5
£375K02/230.38 mi40, Grove Lane, Leeds, West Yorkshire LS6 2AP5
£270K06/210.45 mi33, St Annes Drive, Leeds, West Yorkshire LS4 2SA5
£697.5K11/230.45 mi32, Moor Road, Leeds, West Yorkshire LS6 4BJ5
£805K02/250.5 mi17, Claremont Drive, Headingley, Leeds LS6 4ED5
£290K06/230.51 mi12, Newport View, Leeds, West Yorkshire LS6 3BX5
£550K03/250.52 mi12, Drummond Road, Headingley, Leeds LS16 5LB5
£558.2K08/230.52 mi7, Moor Drive, Leeds, West Yorkshire LS6 4BY5
£300K07/250.53 mi5, Stanmore Road, Burley, Leeds LS4 2RU5
£530K01/240.54 mi12, Woodland Park Road, Leeds, West Yorkshire LS6 2AZ5
£270K12/230.62 mi59, Highbury Terrace, Leeds, West Yorkshire LS6 4ET5
£270K12/230.62 mi11, Highbury Terrace, Leeds, West Yorkshire LS6 4ET5
£750K11/230.62 mi4, Alnwick View, Leeds, West Yorkshire LS16 5RP5
£510K01/240.67 mi7, Hollin Drive, Leeds, West Yorkshire LS16 5NE5
£235K07/220.67 mi64, Beechwood Terrace, Leeds, West Yorkshire LS4 2NG5
£210K03/240.67 mi56, Beechwood Terrace, Leeds, West Yorkshire LS4 2NG5
£242.5K07/240.72 mi18, Mayville Place, Leeds, West Yorkshire LS6 1NE5
£860K08/230.77 mi2, Caythorpe Road, Leeds, West Yorkshire LS16 5HW5
£290K10/210.77 mi22, St Anns Mount, Leeds, West Yorkshire LS4 2PH5
£328K03/240.79 mi25, Welton Grove, Leeds, West Yorkshire LS6 1ES5
£250K01/250.8 mi342, Burley Road, Leeds, West Yorkshire LS4 2NZ5
£270K08/210.9 mi2, Thornville Mount, Leeds, West Yorkshire LS6 1JX5
£540K07/240.93 mi8, The Paddock, Leeds, West Yorkshire LS6 4PB5
£189.9K03/230.94 mi31, Haddon Road, Leeds, West Yorkshire LS4 2JE5
£780K02/250.96 miGreenways, Weetwood Park Drive, Weetwood, Leeds LS16 5AD5
£201K09/230.96 mi78, Harold Terrace, Leeds, West Yorkshire LS6 1LD5

Property History

Price changed to £400,000

May 15, 2025

Price changed to £425,000

March 16, 2025

Listed for £445,000

September 27, 2024

Floor Plans

Property image

Description

  • Five Double Bedrooms +
  • Each Room Complete With En-Suite +
  • Set Over Three Floors +
  • Central Location +
  • Recently Renovated +
  • Currently Let at £35,196p/a +
  • Tenants Pay Own Bills On Top +
  • Let 2024/2025 at £36,500 +
  • Let From June 2025 at £37,803 +
  • HMO License +

Renovated over recent years this investment opportunity is sure to impress. Set over three floors, with five double bedrooms, each complete with it's own shower room, quality furnishings and wall mounted flat screen TV. Let until June 2025, currently rented for £35,196 (plus bills), with tenants signed up for 2024/2025 at £36,500 (plus bills).

Situated in central Headingley, a stones throw from Becketts Park, location couldn't be better. This property is sure to be popular.

The property is in an area of Article 4 Direction. Our client advises he has multi-let the property for many years and has the relevant tenancies / letting information is held by his solicitor.

Agent Details

Preston Baker, Leeds

0113 519 3782

Next Steps?

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