6 Bed HMO, Leeds, LS15 7HZ, £325,000

19 Morritt Drive, Leeds, LS15 7HZ - 42 views - 4 months ago

HMO
ROI: 16%
133 m²
+22 photos

ValuationOvervalued

Sold Prices£185K - £576.5K
Sold Prices/m²£1.2K/m² - £3.4K/m²

 

 

Square Metres

133 m²
Price/m²£2.4K/m²

Value Estimate

£269,023

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Room Rate

£619

Gross Rent

£3,714

Running Costs/mo

£2,464

Cashflow/mo

£1,250

Cashflow/yr

£14,997

ROI

16%

Gross Yield

14%

Local Sold Prices

9 sold prices from £185K to £576.5K, average is £440K. £1.2K/m² to £3.4K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£340K08/210.42 mi26, Cross Green Lane, Halton, Leeds, West Yorkshire LS15 7QX6
£450K04/210.98 mi30, The Orchards, Crossgates, Leeds, West Yorkshire LS15 7NH6
£465K04/211.58 mi3, Austhorpe Avenue, Leeds, West Yorkshire LS15 8QA6
£185K05/231.78 mi10, Seaforth Place, Leeds, West Yorkshire LS9 6AF6
£370K01/232.25 mi66, Copgrove Road, Leeds, West Yorkshire LS8 2SP6
£200K04/212.37 mi41, Spencer Place, Leeds, West Yorkshire LS7 4DQ6
£576.5K12/212.37 mi22, Oakwood Drive, Leeds, West Yorkshire LS8 2JB6
£440K08/212.93 mi25, Meadow Walk, Leeds, West Yorkshire LS7 4RN6
£440K08/212.93 mi25, Meadow Walk, Leeds, West Yorkshire LS7 4RN6

Local Area Statistics

Population in LS15

34,708

Population in Leeds

635,166

Town centre distance

3.39 miles away

Nearest school

0.30 miles away

Nearest train station

1.05 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £325,000

December 11, 2024

Description

  • 6 bed 6 bath HMO +
  • Fully let to professionals +
  • Generating £44,580pa +
  • Ready-made turn-key investment +
  • Superb investment opportunity +
  • Parking space to the rear +
  • East of Leeds City Centre +
  • Excellent transport links and amenities +
  • Estimated investment figures available +
  • Strong yield and capital growth prospects +

**FULL BROCHURE CONTAINING INVESTMENT FIGURES AND TENANCY INFORMATION IS AVAILABLE ON REQUEST ** A rare opportunity has arisen to purchase one of the finest HMO’s in Leeds. This property is currently generating a very impressive £43,380 per annum, with pending rent increases due to increase this to £44,580, and is fully tenanted making this an easy and hassle-free investment which delivers a very strong income from day 1 of purchase. A large HMO for sale, with 6 spacious double bedrooms and 6 ensuite shower rooms. The property was refurbished top to bottom in 2019 and now these rooms are amongst the highest quality standard on the market with a history of successful letting to professionals. This is a 4 storey, traditional terraced house that was converted into a 6 bed, 6 bath HMO including a modern high specification dining kitchen and a communal cinema room on the lower ground floor.  The ground, first and second floor each then having 2 spacious 2 double bedrooms with ensuite shower rooms.  There is a single parking space to the rear of the property as well as an external access to both Room 1 and the dining kitchen. EPC rating: E. Tenure: Freehold,

Agent Details

Dwell, Headingley

0113 519 5383

Next Steps?

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