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House For Sale £425,000
Hollyshaw Walk, Leeds LS15


Description
This is an investment opportunity to purchase a HMO property in Leeds generating £36,456 rent pa & gross yield of 8.6%.

Property information

  • Spread over 3 floors
  • Licenced for 7 bedrooms, new owner can apply for the 8th room on the new licence
  • Property comprising of:
    • 1 x 1-bed flat
    • 7 x studio flats

  • EPC rating C
  • Monthly rental income £3,073


Rental information

  • Room 1 - £385 pcm - Let - Tenant has been in-situ for over 12 years
  • Room 2 - £399 pcm - Let
  • Room 3 - £325 pcm - Let - Tenant has been in-situ for over 12 years
  • Room 4 - £335 pcm - Let - Tenant has been in-situ for over 5 years
  • Room 5 - £399 pcm - Let - Tenant has been in-situ for over 4 years
  • Room 6 - £390 pcm - Let
  • Flat 7 - £460 pcm - Let
  • Studio flat - £345 pcm - Let
  • Total rent pcm £3,038
  • Total rent pa £36,456


Additional income:

  • Approximately £1,900 pa from electric token meters and washing machines


The vendor informed us that there is potential to increase the rents to £3,258 pcm, but that they're happy with the rents as they are.

Running costs

  • Council tax & water bill: Approximately £1,500 pa
  • The tenant of the 1-bed flat pays for their own utilities


Notes

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Follow the link for more information:
        
zoopla.co.uk

  
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