Potential 4-Bed HMO, Leeds, LS4 2QT £220,000

6 Woodside Terrace, Leeds, West Yorkshire, LS4 2QT - 25 views - a year ago
Sold STC
HMO
Negative Equity
ROI: 9%
78 m²
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+7 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Total Cash In

£62,800

 

 

Cash Out

 

Room Rate

£506

Gross Rent

£2,024

Running Costs/mo

£1,562

Cashflow/mo

£462

Cashflow/yr

£5,550

ROI

9%

Gross Yield

11%













Property History

Listed for £220,000

-14%

October 4, 2024

Sold for £249,995

2007

Sold for £185,000

2006

Sold for £127,750

2006

Sold for £68,000

2002

Sold for £34,000

1997

Floor Plans

Property image

Description

  • Very smartly presented terrace +
  • Three bedrooms, three shower room w/c's +
  • Close to shops and leisure facilities +
  • Easy access to Leeds +
  • Let at £24,300 p/a inc bills +
  • C4 lawful use +
  • EPC Rating - D +

DUE TO STRONG LEVELS OF INTEREST, BEST & FINAL OFFERS ARE REQUIRED IN WRITING BY 2pm ON MONDAY 28th OCTOBER 2024.

A VERY SMARTLY PRESENTED AND WELL PLANNED THREE BEDROOMED MID TERRACED BACK TO BACK, WITH THREE SHOWER ROOM W/C'S, SITUATED IN THIS VERY CONVENIENT LOCATION, A SHORT WALK TO EXTENSIVE LEISURE AND SHOPPING AMENITIES ON KIRKSTALL ROAD, 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 tastefully presented accommodation comprises an open plan lounge and modern fitted kitchen with breakfast bar, a lower ground floor double bedroom with an en-suite shower room w/c, a first floor double bedroom with an en-suite shower room w/c and a further double bedroom on the top floor with a separate shower room w/c. There is a low maintenance garden to the front and ample on street parking.The property is currently let to three people on individual tenancy agreements, one on a rolling contract and the other two until 12th & 22nd January 2025 after which they may extend onto rolling contracts. Each room is let at £675pcm including bills, providing an attractive annualised rent roll of £24,300.

There is also a C4 lawful use certificate, making this an ideal HMO investment.

Internal viewing strongly recommended of this well run and and attractive property.

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?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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