This substantial through terrace property was converted into four self-contained one bedroom flats over 25 years ago. At present, three are let (with no arrears at the time of writing) and generating an annual income of £24,233 however, this is likely to increase to £32,310 when the final flat is let. Based on the quoted guide price this equates to an impressive potential return of 23%! Each flat has been refurbished in the last 4 years and has its own coin operated electric meter. The flats are all separately rated for council tax.
The property is located in Beeston, south Leeds, an area that remains incredibly popular with investors with the city centre just over a mile away.
We have been unable to inspect the property to date but hope to add internal photographs and a floor plan soon. Number 110 next door is also available to buy in this auction.
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.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Auction House - West Yorkshire. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Auction House - West Yorkshire for full details and further information.