Lovell Park, Lovell Park Hill, Leeds, LS7
- PROPERTY TYPE
Studio
- BATHROOMS
1
- SIZE
129 sq ft
12 sq m
Key features
- Low Entry Level Cash Investment Opportunity
- Portfolio of 11 Units - Available Individually or Bulk Purchase
- Over 7% NET Yield
- Fully Tenanted & Generating Immediate Income
- Fully Managed by a Professional Letting Agent
- Modern Student Living
- Less Than 1 Mile To Leeds Beckett University
- On Site Gymnasium, Games Room & Residents Lounge
- Communal Fitted Kitchen & Appliances
- Ideal To Rapidly Expand A Property Portfolio
Description
LOW ENTRY LEVEL CASH INVESTMENT
FULLY TENANTED & GENERATING IMMEDIATE INCOME
Current Financial Performance for the 2023/24 Academic Year
Rental Income: £5,980 per annum (based on a 46 week contract at £130pw)
Service Charge: £1,321 per annum
Ground Rent: £350 per annum
Lettings Fee 9% + VAT: £645.84 per annum
NET Income: £3,663.16 per annum
NET Yield: 7.3%
Mr Investa are pleased to bring to the market a HIGH YIELDING portfolio of 11 UNITS within the popular and FULLY OCCUPIED student development in Leeds, Lovell Park. These low entry level priced units are AVAILABLE FOR SALE INDIVIDUALLY OR AS A BULK PURCHASE making this ideal to suit all budgets to quickly expand your property portfolio.
Lovell Park is located in the north of Leeds city centre just off the A64 motorway, within 1 mile of Leeds Beckett University and a variety of shops, bars, restaurants and cafes. The development is also convenient for public transport including regular bus and train services.
These student properties offer an ideal opportunity for buy-to let investors looking for a fully managed hands off investment at an attractive price and offering a lucrative yield.
As well as the various flats within Lovell Park, the communal areas comprise; entrance with security intercom access, residents gym, equipped games room, lounge, laundry room, courtyard and car park.
Of the 66 fully furnished rooms in the development we have a total of 11 units available for sale in the portfolio. Each flat comprises; private entrance, lounge with double bed, study desk with chair, uPVC double glazed window, electric heater, wall mounted TV and access to an ensuite shower room/WC.
These ensuite bedrooms share modern fully fitted kitchens within the building, with appliances included. As the kitchens are communal, any upgrades are not the sole responsibility of the owner, meaning less maintenance cost for a landlord of an ensuite bedroom.
Please contact us for more information on other units we have available.
Portfolio of 11 Units
Total Asking Price: £550,000
Total NET Income: £40,874.56
Total NET Yield: 7.4%
NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa LTD does not accept any responsibility in respect of this information provided.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Lovell Park, Lovell Park Hill, Leeds, LS7
Add your favourite places to see how long it takes you to get there.
__mins driving to your place
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference MSN-75410064. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Mr Investa Ltd, Salford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.