Grimthorpe Terrace, Headingley, Leeds, LS6

***ATTENTION INVESTORS*** NO ONWARD CHAIN – FOUR-BEDROOM HMO – £24,548 GROSS ANNUAL RENTAL INCOME – POPULAR HEADINGLEY LOCATION

Presented to the market with the benefit of NO ONWARD CHAIN, this well-maintained four-bedroom property represents an excellent opportunity for both seasoned and first-time investors, situated in the highly sought-after and popular letting area of Headingley, Leeds.

The property is currently let to four tenants, producing a gross rental income of £24,548 per annum. The seller advises that the property has been continually let since the 1990s and benefits from C4 consent.

Well presented throughout, the accommodation features modern kitchens and bathrooms, neutral décor and floor coverings, with the majority of bedrooms benefiting from fitted furniture. Set within a traditional terrace, the property is conveniently positioned close to a wide range of local amenities, transport links and the extensive facilities offered by Headingley.

Internal inspection is essential to fully appreciate the accommodation and investment opportunity on offer.

Please note: The marketing photographs were taken prior to the property being let and may not reflect its current presentation.

ACCOMMODATION

Ground Floor

Entrance Hall
A welcoming entrance hallway providing access to the kitchen and lounge, with stairs leading to the upper and lower floors.

Lounge
A spacious reception room featuring a double-glazed bay window overlooking the front elevation.

Kitchen
Fitted with a modern range of wall and base units, complementary worktops and tiled splashbacks, together with a sink unit and combi boiler. Integrated appliances include an electric oven and hob, dishwasher, fridge/freezer and washing machine. A staircase leads down to the lower level, where there is additional space for a tumble dryer and useful work surface.

Lower Ground Floor
The lower level provides two good-sized basement rooms, together with access to the rear garden, a WC and a separate shower room.

First Floor

Landing
With staircase leading to the second floor.

Shower Room
Fitted with a WC, wash hand basin set within a vanity unit and a step-in shower with electric shower. The room features tiled walls, heated towel rail and extractor fan.

Bedroom One
A well-proportioned bedroom with double-glazed windows overlooking the front elevation.

Bedroom Two
A further bedroom with double-glazed window overlooking the rear.

Second Floor

Bedroom Three
With window overlooking the rear elevation.

Bedroom Four
With window overlooking the front elevation.

Outside
To the front of the property is a small enclosed courtyard, bounded by a low brick wall. To the rear is a further courtyard garden with pedestrian access gate.

LOCATION
Headingley is one of Leeds' most popular and sought-after residential and student locations, offering an excellent range of amenities right on the doorstep. Residents can enjoy a wide choice of bars, restaurants, cafés, shops and leisure facilities, alongside ample green space and excellent transport connections.

The area is particularly popular with students, with Leeds Beckett University's Headingley campus close by, offering sports facilities, libraries and other amenities. Both Leeds Beckett University and the University of Leeds are readily accessible on foot or by public transport.

With its established rental market, excellent amenities and convenient access to the city centre and universities, this property offers an attractive investment opportunity in one of Leeds' most established letting locations.

MATERIAL INFORMATION:

TENURE
The property is Freehold.

SERVICES
The property has mains gas, 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.

COUNCIL TAX BAND C

AGENTS NOTE:
The property is currently let to 4 students until 30/06/2027 on a managed contract with Linley and Simpson students. The new buyer will need to retain Linley and Simpson as the managing agent until the tenancy expires to avoid any additional charges.