This one bedroom apartment on the first floor is offered for sale via traditional auction. The property is currently tenanted generating £6,300 gross rental income per annum which reflects over an 18.5% return based on the guide price. This would be ideal to add to an investor's rental portfolio.
The apartment is located in Lower Wortley, an area three miles south west of Leeds city centre. It’s located next to Leeds Ring Road and a short distance to the M621.
Leasehold information: Lease Length - 99 years from 1st January 2006 No service charge or ground rent being charged due to the freehold being held by the Crown.
Please note that we have not had recent access to the property and these photos were taken in November 2024.
Any interested parties should be aware that the property is showing signs of suffering from structural movement and are advised to do their own research in this regard prior to bidding.
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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