Four-bedroom, four bathroom end terrace property offered for sale via auction. Currently tenanted to four professionals on individual tenancy agreements generating a gross rental income of £25,740 per annum reflecting over a 15.5% gross rental yield based on the guide price. This property would be a great additional to a buy to let portfolio.
Additionally, the property has approved C4 planning permission for it to be used as an HMO. Please refer to Leeds planning portal for more information - 18/07657/FU
Each bedroom has its own private bath or shower room, workstation with fridge, double bed, two-seater sofa, coffee table, wardrobe and drawers. The house is also fitted with a fire alarm system, smoke detection, fire doors and emergency lighting.
Mitford place is a great location for professional renters. Being so close to Leeds City Centre (1.7 miles to walk) and Bradford, along with great transport links means the location is ideal for many.
Please note that the tenancy agreements reflect the monthly rental payments are inclusive of bills, additionally the property is being sold with the furniture included.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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