4 bedroom terraced house for saleMitford Road, Armley, Leeds
Withdrawn from Market
- FULL REFURBISHMENT REQUIRED
- VACANT POSSESSION
- CHAIN FREE
- PRICED TO SELL
- INVESTMENT PROPERTY
INTRODUCTION The property is centrally located in Armley close to local amenities and would be ideal for an investor or developer to take on this property to refurbish and create a professional HMO.
The property is in need of a full refurbishment including plastering, woodwork, decorating, flooring, kitchen and bathroom, however the property is already fully double glazed and centrally heated.
HALLWAY UPVC Double glazed door leading to the entrance hallway with radiator.
LOUNGE Large lounge area with feature fireplace and large bay window.
KITCHEN Large dining kitchen in need of refurbishment. Door leading to basement and rear door leading to private rear yard.
BASEMENT Great height basement which could be turned into a 5th bedroom, subject to building reg approval and damp proof tanking. A small excavation could be made to fit a 1m squared fire escape window.
BEDROOM 1 Huge Double bedroom to the front of the property with two double glazed windows.
BEDROOM 2 Smaller bedroom, however still a decent sized double bedroom, next to the bathroom. Double glazed and centrally heated.
BATHROOM Bathroom to the rear of the property currently with a 3 piece suite. Space for large walk in shower, WC and sink.
BEDROOM 3 Large attic bedroom, with a small dormer window. Access to eaves.
BEDROOM 4 Another good sized double bedroom with velux window and central heating. Access into eaves.
EXTERNAL To the front of the property is a small porch area and a very small private shrubbed area. The property is not street lined, creating a much nicer external presentation.
To the rear of the property is a private road overlooking the cemetery, currently used mainly for bin storage, as well as a private rear yard which could quite easily be turned into a low maintenance outside space ideal for BBQ's.
INVESTOR / DEVELOPER INFORMATION This property is prime for an experienced investor, landlord or developer to take on as a full refurbishment. If completed to a high specification the property would be ideally suited as a professional room share.
There is certainly scope, subject to architect, planning, article 4, building reg sign off, to create a 5th bedroom in the basement. A small excavation could be made to fit a 1m square fire escape window, as well as ample space to create a small en-suite to comply with HMO regs.
Based on being let to 5 tenants on a HMO room share, the gross annual rent would be £21,000, creating a 17.5% Gross Annual Return, based on refurbishment costs of £25,000.
This one is not to be missed. Sold with vacant possession. Please call ASAP to avoid disappointment.
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