3 bedroom terraced house for salePaisley Street, Armley
Withdrawn from Market £100,000
- INVESTOR OPPORTUNITY
- EXCELLENT YIELD OF 11.7%
- 3 X MODERN FLATS
- ALL FULLY LET
- SPLIT CENTRAL HEATING SYSTEMS
- GROSS ANNUAL RENTAL REVENUE OF £11,760
- FULLY MANAGED
- ALL PROFESSIONAL TENANTS
- CASH BUYERS ONLY
SUMMARY The property is a Victorian double fronted back to back property which has been cleverly converted to 3 separate lettable units. Each unit is let inclusive of Council Tax and Water charges but has its own metered electric and gas supply. The front entrance door leads to a communal hallway which then leads to flats 1A and 1B on the ground floor, with stairs leading to flat 1C on the top floor.
FLAT 6A A one bedroomed duplex style flat with private entrance door leading to a kitchen lounge area, with stairway leading to bedroom above and an ensuite shower room to the side. The flat is modern and neutrally decorated with beech effect fitted kitchen, own boiler and heating system, laminate flooring throughout and modern tiled shower cubicle in the ensuite.
FLAT 6B A direct replica of flat A, and recently let out on a new tenancy, this one bed flat provides excellent value for money to the occupant, as well as providing an excellent yield to the investor. Again the flat is modern and neutrally decorated with beech effect fitted kitchen, stairway leading to an ensuite bedroom and its own boiler / central heating system.
FLAT 6C Further one bedroomed flat with private entrance door on the 1st floor of the property. The flat is an attic style conversion with a modern beech effect fitted kitchen, open plan lounge area, door leading to spacious bedroom and separate bathroom with shower cubicle. The flat has laminate flooring throughout and velux style windows.
INVESTOR INFORMATION The 3 flats are all fully let on assured shorthold tenancy agreements, returning £1125 pcm in total gross rental revenue, which is inclusive of Council Tax and Water bills. We believe the NET rent produced after these costs is likely to be £980 pcm, providing a gross annual income of £11,760. The Gross Annual Yield against list price is an excellent 11.7%.
Let-Leeds currently manage the property and the management of the property will remain with Let-Leeds until the end of the Tenancies.
Call our office on 0113 320 2000 to book a viewing.
The property is currently occupied by tenants therefore we must give between 24 and 48 hours written notice to the occupants prior to any viewing.
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