Vinery Mount, Leeds, LS9

An excellent opportunity to acquire a spacious three-bedroom buy to let HMO, situated within a prime rental area, just a short commute of Leeds city center, This property is currently tenanted commanding a total rental income of £1,350 pcm (£16,200 pa).

The property is a three-bedroom terrace set over three floors and comprises: a lounge with separate kitchen, a large, converted cellar now functioning as a bedroom, plus two further double bedrooms and a modern bathroom.

Please note: Photos shown are prior to current let agreements.

KITCHEN

A separate kitchen having granite effect worktops, a selection of wall and base units, a chrome sink with mixer tap and vinyl flooring. A stand-alone electric oven and fridge/freezer is also provided.

LOUNGE

A spacious, carpeted lounge with large double glazed uPVC window. A large ceiling cornice and feature fireplace.

BASEMENT (BEDROOM 1)

A spacious double room situated within the converted cellar and accessed via the kitchen. The room is carpeted, has an external door to the front plus an adjacent double glazed uPVC window. There is fitted shelving and two integral storage cupboards.

BATHROOM

A spacious bathroom with vinyl flooring, partially tiled walls, electric shower over bath, pedestal wash basin and WC. double glazed frosted window.

BEDROOM 2

Situated on the 1st floor, this large double bedroom benefits from full width fitted wardrobes, half wall paneling and a uPVC window overlooking the front of the property.

BEDROOM 3

Bedroom 3 is situated on the second floor and has two Velux style double glazed windows. This room is laid to laminate flooring.

EXTERNAL

The property benefits from a private front courtyard with fencing along the borders. Steps from here rise to the front door, whilst another set of steps off the ground floor level, descend to the basement door.

There is gated access to on street parking from here.

COUNCIL TAX BAND: A

INVESTMENT INFORMATION 

INVESTMENT INFORMATION 

• 6 Vinery Mount is sold as a three-bedroom HMO, but would also be suitable as a single let.
• Each room is currently achieving £450 (inclusive of bills)
• The asking price is £125,000
• Rental income is £450 per room - totaling £1,350pcm (£16,200 pa) 
• Works are required on the roof - the quote for this is approximately £5,000
• The potential net yield based on a £130,000 spend is 12.46% (excluding bills).

Disclaimer:

These particulars are intended to give a fair description of the property but are for general guidance only. The accuracy of all details, including measurements, floor plans, and descriptions, is not guaranteed. Interested parties are advised to verify the information independently, and no responsibility can be accepted for any inaccuracies or omissions. All properties are subject to availability and may be withdrawn or sold prior to confirmation of sale. References to appliances, services, and systems do not imply that they are in working order or have been tested. Please contact us for further information or to arrange a viewing.

EPC rating: D. Tenure: Freehold,