Roundhay View, Leeds, LS8

For Sale By Modern Method of Auction – A mid terraced house converted in to 3 self-contained 1 bedroom apartments with potential for further development.

***OFFERED FOR SALE BY MODERN METHOD OF AUCTION***

This 4-story mid-terraced home has been converted into three self-contained apartments, with the added bonus of a basement area that offers great potential for conversion into further living accommodation. Two of the three apartments are currently tenanted, generating rental income, while the third is ready for a new tenant.

The property is ideally located with easy access to local amenities and transport links, making it a desirable choice for both investors and tenants alike.

As you approach the property a small front garden with steps leads up to the main entrance. A UPVC door opens into the hallway with a staircase leading to the upper floor apartments and a door leads directly into the ground floor apartment.

Ground Floor Apartment - Currently let since October 2016 at £145 per week

The ground floor apartment entrance door opens into the lounge with a bay window to the front, a tiled fireplace with an inset fire. A corridor leads to the kitchen, shower room, and cellar, with a further door opening into the bedroom, which has a rear-facing window, fitted wardrobes, and wooden flooring. The kitchen offers a range of wall and base units, work surfaces, a sink unit, a window to the side, and a door leading to a rear courtyard. A connecting door from the kitchen opens into the shower room, which is equipped with a step-in shower cubicle, wash hand basin, WC, and a window to the side. The cellar is accessed from a door in the hall and is separated into two rooms, with a window to the front and a door to the rear. This area also houses the meter and fuse boxes, and with some imagination, it could be converted into additional living space.

Council Tax Band A – EPC Rating E

First Floor Apartment - Currently let since July 2012 at £145 per week.

The front door opens into the lounge with a window to the front, leading to the bedroom with a rear-facing window and fitted wardrobes. Adjacent to the lounge is the kitchen, which has a window to the front and comprises a range of wall and base units, work surfaces, a sink unit, and spaces for freestanding appliances. The bathroom for this apartment is located on the landing and features a window to the side, a bath with a shower over, WC, and a wash hand basin.

Council Tax Band A – EPC Rating D

Second Floor Apartment Currently vacant, previously let at £125 per week, now with potential to be re-let at £135 per week.
The second-floor apartment has a private entrance from the first-floor landing with stairs leading up to the separate WC, which has a roof window to the rear, a wash hand basin, and a further step leading up to the landing. The bedroom, located at the rear, has a roof window, fitted wardrobes, and an archway opening into an enclosed shower cubicle. The kitchen/living area is at the front of the property, with a window to the front, and a small kitchen area featuring base units, a sink, oven, fridge, and washing machine. The living area enjoys an additional window to the front.

Council Tax Band A – EPC Rating

Outside:
The property is set back from the street with a small front garden and steps leading to the main entrance. To the rear, a courtyard garden is laid to patio, providing access for the ground floor apartment. There are also steps leading down to the basement level.

This property presents a great opportunity for those looking to invest in a partially let out property with further potential for expansion into the basement area. With two of the apartments already let and a third ready for a new tenant, this home offers a steady rental income and the possibility of further development.

MATERIAL INFORMATION:

TENURE
The property is Freehold.

SERVICES
The property has mains electricity, water and drainage/sewerage, which were connected and working at the time of our inspection.

BROADBAND & MOBILE COVERAGE
BROADBAND is available in this area / MOBILE SIGNAL & COVERAGE is available in this area.

FLOOD RISK & PLANNING PERMISSION
FLOOD RISK – not known to be an issue / PLANNING PERMISSION – none in the immediate area.

AUCTIONEER COMMENTS
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer’s solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack, which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

REFERRAL ARRANGEMENTS
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended, as it is believed they will be of benefit, you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted, the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.