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.
Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
£350 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
£1320
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
138 years left
Energy performance certificate - ask agent
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
Lovell Park, Lovell Park Hill, Leeds, LS7
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leeds Station0.8 miles
- Burley Park Station1.8 miles
- Headingley Station2.5 miles
About the agent
Mr Investa Ltd, Salford
Mr Investa, Blue Tower, MediaCityUK, M50 2ST
We offer a unique and bespoke service for Landlord to Landlord Sales.
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