9 Bed HMO, Leeds, LS27 9EP, £375,000

St. Pauls Street, Leeds, LS27 9EP 9 - 132 views - 5 months ago

HMO
Planning
ROI: 18%
~279 m²
+3 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£112,450

 

 

Cash Out

 

Room Rate

£533

Gross Rent

£4,797

Running Costs/mo

£3,129

Cashflow/mo

£1,668

Cashflow/yr

£20,011

ROI

18%

Gross Yield

15%













Property History

Listed for £375,000

October 15, 2024

Description

This commercial property on St. Pauls Street offers an excellent investment opportunity right in the heart of Morley centre. With a spacious build area of 313.54m², the property was previously used as offices and a warehouse but is currently vacant, providing flexibility for various new uses.

Key features include:

• Full Planning Permission already granted to convert the space into three terraced dwellings (Reference: 23/06145/FU), making it perfect for development.
• Potential for HMO (House in Multiple Occupation), ideal for investors looking to maximize rental yield.
• Prime location with excellent transport links to the city centre and surrounding areas, enhancing the property’s appeal for both residential or commercial purposes.

Don’t miss this opportunity to secure a highly adaptable property in a strategic location. Enquire today to explore the potential of this promising investment!

Agent Details

New Age Sales & Lettings, Leeds

0113 519 1360

Next Steps?

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

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