Additional text is available below.This is a large investment opportunity for someone seeking to add to their rental portfolio. The units are as follows:
No. 14 – Four Bedroom House
No.16 – Four Bedroom House – 1 bedroom tenanted at £475pcm
No.18a – Two Bedroom Flat to 1st and 2nd floor – Tenanted at £1,170pcm (vacating prior to auction)
No. 18b – Two Bedroom Flat to Ground Floor – Tenanted at £1,000pcm
No. 20a – Two Bedroom Flat to 1st and 2nd floor – Tenanted at £1,200pcm
No.20b - Two Bedroom Flat to Ground Floor – Tenanted at £1,100pcm
No. 22 - Four Bedroom House
In total, it is currently generating £59,340pa, but there is plenty of opportunity to grow this income. We have been able to access most of the properties, and the ones we have seen do require cosmetic improvement throughout. There is also off street parking to the front for residents and shared gardens to the rear.
It’s located in Headingley, a popular location for students and young professionals in North Leeds. It’s got regular bus routes to Leeds city centre, and plenty of amenities can be found in within Headingley.
We do not believe that the properties have a HMO licence or C4 planning, however buyers are advised to do their own research in this regard. The attention of potential purchasers is drawn to the fact that the property may not comply with planning requirements. Potential purchasers should review the addendum which is within the auction pack for further details
There are 5 freehold titles, including a piece of land, which have discrepancies with the boundary lines. Please see the auction pack and make your own enquiries regarding this.