Lady Pit Lane, Leeds, West Yorkshire, LS11
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
3
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 6 bed and three bath (one ensuite)
- Annual rental income of £25,260
- Gross yield of 11.7%
- Net yield of 9.1%
- Popular rental demand for HMO rooms
- Split over four floors
Description
This is an exceptional opportunity to acquire a fully licensed, fully tenanted 6-bedroom House in Multiple Occupation (HMO) situated in one of Leeds' strongest rental areas. The property features two communal bathrooms plus an en-suite bedroom, providing attractive and versatile accommodation for tenants.
Currently producing a gross annual income of £25,260, this is a turnkey investment offering immediate income and long-term growth potential.
Key Features
6 well-sized bedrooms including one en-suite
Two communal bathrooms for shared use
Fully fitted communal kitchen and living area
Gross Annual Income: £25,260
HMO licence in place - fully compliant with Leeds City Council regulations
Consistent tenant demand and low voids
Financial Overview
Gross Annual Income
£25,260 per annum
Monthly Outgoings
Council Tax: £103.33
Water: £90.00
Gas & Electricity: £250.00
Internet: £38.00
Cleaning: £0.00
Total Monthly Outgoings: £481.33
Annual Outgoings: £5,775.96 per annum
Net Returns (Current)
Net Annual Income: £19,484.04 per annum
Net Yield: 9.1%
Net Monthly Income: £1,623.67
(Figures based on current tenancy agreements and bills provided.)
Investment Highlights
Fully Licensed HMO - All compliance certificates in place.
Immediate Cashflow - Fully tenanted with an established income stream.
Strong Rental Demand - Leeds LS11 is a key area for both working professionals and students due to its affordability and proximity to the city centre.
Potential for Rent Uplift - With strategic upgrades (e.g., improved communal areas, refreshed décor), there is room to increase rents and further boost yields.
Low Void Periods - Consistent tenant demand ensures stable occupancy.
Why Leeds LS11 is a Prime HMO Location
Leeds is one of the UK's fastest-growing cities with a booming student and young professional population. LS11 in particular offers:
Gross Annual Income £25,260
Annual Outgoings £5,775.96
Net Annual Income £19,484.04
Net Monthly Income £1,623.67
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Lady Pit Lane, Leeds, West Yorkshire, LS11
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Visit our security centre to find out moreDisclaimer - Property reference Lady-Pit-Lane-Leeds. 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 Pure, Manchester. 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.
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