Morris Lane, Leeds £239,950

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

CLICK ON VIRTUAL TOUR OR ON 'FULL DETAILS' FOR LOTS MORE INFORMATION ABOUT THE PROPERTY, THE LOCAL AREA, TRANSPORT LINKS AND SCHOOLS.

Tenure: Freehold
Possession: 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.

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