5 Bed HMO, Leeds, LS6 3JH £295,000

21 OTLEY ROAD HEADINGLEY LEEDS LS6 3AA - 10 views - 7 months ago
Sold STC
HMO
ROI: 10%
~178 m²
Property image

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£20,700

Total Cash In

£94,450

 

 

Cash Out

 

Room Rate

£572

Gross Rent

£2,860

Running Costs/mo

£2,088

Cashflow/mo

£772

Cashflow/yr

£9,261

ROI

10%

Gross Yield

12%

Local Sold Prices

30 sold prices from £189.9K to £860K, average is £342K. £1.7K/m² to £5.9K/m², average is £2.9K/m².

Price
Date
Distance
Address
Beds
 
£310K10/230.11 mi11, Grimthorpe Street, Leeds, West Yorkshire LS6 3JU5
£440.1K09/230.17 mi74, St Michaels Road, Leeds, West Yorkshire LS6 3BG5
£356K05/210.19 mi40, Becketts Park Crescent, Leeds, West Yorkshire LS6 3PQ5
£470K06/210.2 mi37, Becketts Park Crescent, Leeds, West Yorkshire LS6 3PH5
£463.3K10/220.26 mi20, Estcourt Avenue, Leeds, West Yorkshire LS6 3ES5
£375K02/230.29 mi40, Grove Lane, Leeds, West Yorkshire LS6 2AP5
£513K06/210.3 mi18, St Chads Drive, Leeds, West Yorkshire LS6 3QD5
£805K02/250.41 mi17, Claremont Drive, Headingley, Leeds LS6 4ED5
£530K01/240.43 mi12, Woodland Park Road, Leeds, West Yorkshire LS6 2AZ5
£697.5K11/230.44 mi32, Moor Road, Leeds, West Yorkshire LS6 4BJ5
£558.2K08/230.47 mi7, Moor Drive, Leeds, West Yorkshire LS6 4BY5
£270K06/210.49 mi33, St Annes Drive, Leeds, West Yorkshire LS4 2SA5
£290K06/230.49 mi12, Newport View, Leeds, West Yorkshire LS6 3BX5
£270K12/230.53 mi59, Highbury Terrace, Leeds, West Yorkshire LS6 4ET5
£270K12/230.53 mi11, Highbury Terrace, Leeds, West Yorkshire LS6 4ET5
£300K07/250.53 mi5, Stanmore Road, Burley, Leeds LS4 2RU5
£550K03/250.56 mi12, Drummond Road, Headingley, Leeds LS16 5LB5
£510K01/240.62 mi7, Hollin Drive, Leeds, West Yorkshire LS16 5NE5
£235K07/220.65 mi64, Beechwood Terrace, Leeds, West Yorkshire LS4 2NG5
£210K03/240.65 mi56, Beechwood Terrace, Leeds, West Yorkshire LS4 2NG5
£242.5K07/240.66 mi18, Mayville Place, Leeds, West Yorkshire LS6 1NE5
£750K11/230.67 mi4, Alnwick View, Leeds, West Yorkshire LS16 5RP5
£328K03/240.7 mi25, Welton Grove, Leeds, West Yorkshire LS6 1ES5
£290K10/210.77 mi22, St Anns Mount, Leeds, West Yorkshire LS4 2PH5
£250K01/250.8 mi342, Burley Road, Leeds, West Yorkshire LS4 2NZ5
£860K08/230.84 mi2, Caythorpe Road, Leeds, West Yorkshire LS16 5HW5
£270K08/210.84 mi2, Thornville Mount, Leeds, West Yorkshire LS6 1JX5
£540K07/240.86 mi8, The Paddock, Leeds, West Yorkshire LS6 4PB5
£201K09/230.91 mi78, Harold Terrace, Leeds, West Yorkshire LS6 1LD5
£189.9K03/230.94 mi31, Haddon Road, Leeds, West Yorkshire LS4 2JE5

Property History

Listed for £295,000

April 2, 2025

Floor Plans

Property image

Description

  • Deceptively spacious terrace +
  • Five bedrooms +
  • Prime central Headingley location +
  • Very close to extensive amenities +
  • Let until 30th JUNE 2026 +
  • Gross rent £22,943 p/a (ex bills) +
  • EPC Rating - E +

NOW RE-LET TO FOUR OCCUPANTS FROM 1st JULY 2025 UNTIL 30th JUNE 2026 @ £22,943 P/A

A VERY CONVENIENTLY SITUATED FIVE BEDROOMED TERRACE IN CENTRAL HEADINGLEY, JUST A COUPLE OF MINUTES FROM EXTENSIVE AMENITIES, SHOPS, BARS AND RESTAURANTS WITH EASY ACCESS INTO LEEDS CITY CENTRE AND THE UNIVERSITIES.

CLICK ON VIRTUAL TOUR OR ON 'FULL DETAILS' FOR LOTS MORE INFORMATION ABOUT THE PROPERTY, THE LOCAL AREA, TRANSPORT LINKS AND SCHOOLS.The accommodation comprises a lounge, bedroom and bathroom w/c on the ground floor, a lower ground floor kitchen, two bedrooms, a separate shower and w/c on the first floor and two further bedrooms on the top floor. Externally there is a small garden to the front, on street parking and a yard to the rear.

The property is currently let at an attractive rent until 30th June 2025 of £31,807 p/a excluding bills. Ideal for parents buying for son or daughter at university or investors to re-let for the next academic year.

The seller has a HMO Licence until 15th August 2027. The sale is not subject to a lettings management tie-in, so buyers are free to self manage or appoint their preferred agent on completion.

Tenure: Freehold
Possession: Subject to tenancy agreement
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?

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