A SUBSTANTIAL AND IMPOSING STONE SEMI-DETACHED INVESTMENT PROPERTY SPLIT INTO 12 SELF-CONATINED STUDIO FLATS WITH PARKING, SITUATED IN THIS PRIME AND HIGHLY CONVENIENT LOCATION, A SHORT WALK INTO HEADINGLEY AND THE EXTENSIVE AMENITES, SHOPS, BARS AND RESTAURANTS WITH EASY ACCESS INTO LEEDS CITY CENTRE AND THE UNIVERSITIES.CLICK ONÂ VIRTUAL TOURÂ OR ONÂ 'FULL DETAILS'Â FOR LOTS MORE INFORMATION ABOUT THE PROPERTY, THE LOCAL AREA, TRANSPORT LINKS AND SCHOOLS.
The property is fully let and produces an attractive annualised rent roll of circa £89,220 p/a which includes the water rates. We understand the owner also derives extra income of circa £1,000 p/a from 4 parking spaces via yourparkingspace.co.uk. The tenants are responsible for paying council tax (Band A) and electricity for each flat.
The Landlord's only expense is an annual water rates payment of circa £1,800. This represents a gross yield of 8ºsed on the fixed price.We understand there is one electric supply to the building with each flat having a sub-meter and there is one gas supply but it is not currently utilised.The accommodation comprises a communal entrance hall and three studios on the ground floor, three studios on the lower ground floor, three on the first floor and three on the top floor.
There is excellent potential to cosmetically upgrade the flats providing an opportunity for increased rents.An excellent investment opportunity!Tenure: FreeholdPossession: Subject to 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.
All viewings are by appointment. Please note that some viewing arrangements may require at least 24 or 48 hours’ notice.
None of the listed or displayed appliances or services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.
If a third party agent is involved with the letting of this property, there may be associated obligations and fees for a buyer. We advise your legal advisor checks any agreements or contracts prior to commitment.
This property is in an Article 4 direction area which relates to Houses in Multiple Occupation (HMO’s). Please see the Leeds City Council website for more information.
If you would like to make an offer on this property, please contact our office as soon as possible. Any evidence of funding you can provide to support your offer will help to inform the seller of your position. We strongly advise taking independent mortgage advice and can recommend a mortgage broker along with other property professionals.
These particulars including the description, measurements and photographs are intended to give a fair description of the property, but their accuracy cannot be guaranteed. Other information contained in this brochure is all in the public domain and obtained from various sources as listed in this report. These particulars do not constitute an offer or contract. Intending purchasers/tenants must rely upon their own inspection of the property.
55 Headingley Lane, LS6
Valid until 05.04.2030
Property Type: | Flat | Build Form: | Enclosed End-Terrace |
Transaction Type: | Rental (private) | Energy Tariff: | Single |
Main Fuel: | Electricity (not community) | Main Gas: | No |
Floor Level: | 2nd | Flat Top Storey: | No |
Top Storey: | 0 | Glazing Type: | Not defined |
Previous Extension: | 0 | Open Fireplace: | 0 |
Ventilation: | Natural | Walls: | Sandstone or limestone, as built, no insulation (assumed) |
Walls Energy: | Poor | Roof: | Pitched, 300 mm loft insulation |
Roof Energy: | Very Good | Main Heating: | Room heaters, electric |
Main Heating Controls: | Programmer and appliance thermostats | Hot Water System: | Electric instantaneous at point of use |
Hot Water Energy Efficiency: | Very Poor | Lighting: | Low energy lighting in all fixed outlets |
Floors: | (another dwelling below) | Total Floor Area: | 31 m2 |
Click the map pin to see details
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Council Tax pays for multiple services in the property's local authority with only part of it going to the council itself. Residences within a Parish or Town Council area have an additional charge to fund the body. Each parish/town council has a different budget and imposes different fees. Not all councils have parishes/town councils and this varies across the country.
In instances where parish/town councils do affect the council tax value and we do not have the exact figure, we present council tax data with the below highlights. Take care to confirm which is being presented by the dashboard as this will need to be made clear to your clients:
avg - When we indicate the Council Tax price is 'avg', it means we have not been able to obtain an exact figure, so this number represents the mean value of Council Tax across the council for that property band. The exact figure will be slightly higher or lower because each parish/town council is priced differently.
min - When we indicate the Council Tax is a 'min', it represents the known amount that the council sets for itself, but excludes the parish/town council cost which we have not been able to obtain. The additional cost will need to be considered as it will be greater than the indicated price.