A SENSIBILY PRICED, QUALITY FIVE BED HMO INVESTMENT IN SUPER CONVENIENT LOCATION, GENERATING AN ATTRACTIVE £29,100 PA!!
Benefitting from a Certificate of Lawful use, the property demonstrates a long successful letting history as a HMO and is now being sold as an on-going concern with immediate income on completion!
Fully let to five occupants, all on individual tenancy agreements, generating a gross annualised rental income of £29,100 including gas, electric, water, tv licence and broadband, that's an impressive yield of circa 9.4%, based at the asking price and after utilities.
Kirkstall is a vibrant area, in our opinion extremely popular with young professionals due to its ample amenities, scenic locations, great transport links/commute to the city centre. On the property’s doorstep is a café and mini-supermarket. Within five minutes walk are two retail parks home to major supermarkets, shops, gyms, cafe’s and petrol station, ample restaurants and pubs, and a leisure centre.
The transport links are fantastic. 5 minute walk to Headingley station which provides direct access to Leeds City Centre in only two stops away. Plus Kirkstall Road and Morris Lane are two major bus routes with many regular services.
Kirkstall also has plenty of scenic locations with easy access to the river, canal, Kirkstall Abbey and green open spaces.
The area is also currently seeing massive investment/development including Abbey Court, a new impressive neighbourhood of 223 houses and apartments across the road which is being built.
The property has recently been refurbished and is a great opportunity for any discerning buy-to-let investors. In brief the property comprises; entrance hallway, lounge, good sized light & airy modern fitted dining kitchen, five double bedrooms, an unconverted room in the basement, offering potential to create extra living space to either a sixth room/utility room/occasional room/cinema enhancing the facilities and potentially improving future rent levels, all subject to the usual planning and HMO consents. Two contemporary shower room enclosures & w/c's. Additional features include gas central heating with a recent boiler and UPVC double glazing.
A GREAT PROPERTY IN AN AREA SEEING HUGE INVESTMENT AND DEVELOPMENT
Tenure: Freehold:
Possession : Subject to existing tenancies
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.
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 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.
Morris Lane, LS5
Valid until 25.07.2029
Property Type: | House | Build Form: | Mid-Terrace |
Transaction Type: | Marketed sale | Energy Tariff: | Single |
Main Fuel: | Mains gas (not community) | Main Gas: | Yes |
Flat Top Storey: | No | Top Storey: | 0 |
Glazing Type: | Double glazing, unknown install date | Previous Extension: | 0 |
Open Fireplace: | 0 | Ventilation: | Natural |
Walls: | Solid brick, as built, no insulation (assumed) | Walls Energy: | Very Poor |
Roof: | Roof room(s), no insulation (assumed) | Roof Energy: | Very Poor |
Main Heating: | Boiler and radiators, mains gas | Main Heating Controls: | Programmer, room thermostat and TRVs |
Hot Water System: | From main system | Hot Water Energy Efficiency: | Good |
Lighting: | Low energy lighting in 93% of fixed outlets | Floors: | Solid, no insulation (assumed) |
Total Floor Area: | 138 m2 |
Click the map pin to see details
Contains public sector information licensed under the Open Government License v3.0
The information contained within this report is for general information purposes only and to act as a guide.
Sprift Technologies Ltd aggregate this data from a wide variety of sources and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, of the information or related graphics contained within this report for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this report.
Information produced by HM Land Registry. Crown copyright and database rights 2024
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.