House For Sale £265,000
Cornerstone Sales & Lettings are excited to offer for sale this great investment comprises a four bedroom through terrace house and a lower ground floor flat.
Cornerstone Sales & Lettings are excited to offer for sale this great investment comprising a four bedroom through terrace house and a lower ground floor flat.
The house benefits from having a certificate of existing lawful development for use as a House in Multiple Occupation and the lower ground floor flat benefits from having a certificate of existing lawful development for use as a flat.
The house is currently let to two tenants generating £600.00 per calendar month. The flat is currently let at £400.00 per calendar month. This currently generators a yield of 4.6%. If the two empty rooms where let this would take the yield to 7.4% and of course if the property was to undergo modernisation the yield would only sky rocket and in our opinion easily achieve well over an 8% yield.
The property is conveniently located being a short walk to Burley Park Train Station, many local amenities including shops, bars and restaurants. The property is close proximity to Headingley, Universities and Leeds city centre.
The house has brilliant open views over the allotments located to the rear of the property.
To conclude this property would benefit from modernisation which would greatly increase its value and rental income providing an excellent investment that any landlord would want to add to their portfolio.
We expect this to be popular.
The house A four bedroom through terrace house presented over three floors.
Hallway You enter the property through a red door into a neutrally decorated hallway. The hallway leads to the sitting room, staircase to the first floor landing and open plan kitchen diner.
Sitting room A neutrally decorated sitting room with a large bay window to the front elevation.
Open plan kitchen diner A spacious open plan kitchen diner that comprises ample lower and upper level cupboards with a contrasting worktop. The kitchen utilities comprise a one and a half sink with drainer with large window above. An integrated oven, gas hob with a stainless steel extractor above, space for a dish washer, space for fridge freezer and space for a washing machine is present. The open plan kitchen diner also houses the property's boiler and a door leads out to the back yard.
Landing A neutrally decorated landing that leads to two bedrooms, a bathroom and a second staircase to the second floor.
Bedroom one A neutrally decorated double bedroom that has a large window.
Bedroom two A neutrally decorated bedroom that has a brilliant view towards and over the allotments.
Bathroom The bathroom comprises a bath with shower over, pedestal wash basin, low level W.C. And a chrome towel radiator. A frosted window allows natural light in.
Bedroom three Located on the second floor, bedroom three is again neutrally decorated with a commanding dormer window.
Bedroom four A neutrally decorated bedroom with a large sky light window.
Front yard A low maintenance yard is present to the front of the property.
Rear yard The rear yard has a mature border adding greenery to this space a timber door leads into the kitchen diner of the four bedroom house and a number of steps lead down to the lower ground floor flat.
The lower ground floor flat The flat comprises a kitchen diner, hallway, bedroom and bathroom.
Kitchen diner A neutrally finished kitchen diner that comprises ample lower cupboards and contrasting worktops. Space for a free standing oven, space for a washing machine and space for a free standing fridge freezer exists. A boiler is located in a cupboard.
Hallway A neutrally decorated hallway that leads to the bedroom and bathroom.
Bedroom A neutrally decorated bedroom with a window.
Bathroom The bathroom comprises a corner shower cubicle, low level W.C., a pedestal wash basin and a chrome towel radiator.
Important information
Tenure - freehold.
11 Graham Grove - Council Tax Band B.
11a Graham Grove - Council Tax Band A.
11 Graham Grove is currently let to two tenants at £300.00 each per calendar month. One tenancy agreement is currently rolling and another has a fix term that ends on the 15th January 2021.
11a Graham Grove is currently to let to one tenant at £400.00 per calendar month on a rolling contact currently.
We are advised that both properties are on one title.
1.Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 - Purchasers will be asked to produce original or certified identification and evidence of address documentation. We carry out an electronic anti-money laundering checks on all buyers. We use a risk-based approach to determine the level of detail we apply when looking at each individual purchaser. Therefore, we may require additional documentation or information. If you conclude a sale subject to contract, you understand we shall carry out electronic anti-money laundering checks. This is not a credit check and will not affect your credit file but may show on your credit search file.
2. We endeavour to make our particulars accurate and reliable. However, they are only a general guide to the property and if there is any aspect of our particulars which is of importance to you, please contact the office and we will be happy to check where we reasonably can.
3. Measurements: These approximate room sizes are only intended as general guidance.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract, the matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Yorkshire's Finest Leeds Limited T/A Cornerstone Estate Agents nor any of its employees or agents has any authority to make or give any representation or warranty about this property.
Cornerstone Sales & Lettings are excited to offer for sale this great investment comprising a four bedroom through terrace house and a lower ground floor flat.
The house benefits from having a certificate of existing lawful development for use as a House in Multiple Occupation and the lower ground floor flat benefits from having a certificate of existing lawful development for use as a flat.
The house is currently let to two tenants generating £600.00 per calendar month. The flat is currently let at £400.00 per calendar month. This currently generators a yield of 4.6%. If the two empty rooms where let this would take the yield to 7.4% and of course if the property was to undergo modernisation the yield would only sky rocket and in our opinion easily achieve well over an 8% yield.
The property is conveniently located being a short walk to Burley Park Train Station, many local amenities including shops, bars and restaurants. The property is close proximity to Headingley, Universities and Leeds city centre.
The house has brilliant open views over the allotments located to the rear of the property.
To conclude this property would benefit from modernisation which would greatly increase its value and rental income providing an excellent investment that any landlord would want to add to their portfolio.
We expect this to be popular.
The house A four bedroom through terrace house presented over three floors.
Hallway You enter the property through a red door into a neutrally decorated hallway. The hallway leads to the sitting room, staircase to the first floor landing and open plan kitchen diner.
Sitting room A neutrally decorated sitting room with a large bay window to the front elevation.
Open plan kitchen diner A spacious open plan kitchen diner that comprises ample lower and upper level cupboards with a contrasting worktop. The kitchen utilities comprise a one and a half sink with drainer with large window above. An integrated oven, gas hob with a stainless steel extractor above, space for a dish washer, space for fridge freezer and space for a washing machine is present. The open plan kitchen diner also houses the property's boiler and a door leads out to the back yard.
Landing A neutrally decorated landing that leads to two bedrooms, a bathroom and a second staircase to the second floor.
Bedroom one A neutrally decorated double bedroom that has a large window.
Bedroom two A neutrally decorated bedroom that has a brilliant view towards and over the allotments.
Bathroom The bathroom comprises a bath with shower over, pedestal wash basin, low level W.C. And a chrome towel radiator. A frosted window allows natural light in.
Bedroom three Located on the second floor, bedroom three is again neutrally decorated with a commanding dormer window.
Bedroom four A neutrally decorated bedroom with a large sky light window.
Front yard A low maintenance yard is present to the front of the property.
Rear yard The rear yard has a mature border adding greenery to this space a timber door leads into the kitchen diner of the four bedroom house and a number of steps lead down to the lower ground floor flat.
The lower ground floor flat The flat comprises a kitchen diner, hallway, bedroom and bathroom.
Kitchen diner A neutrally finished kitchen diner that comprises ample lower cupboards and contrasting worktops. Space for a free standing oven, space for a washing machine and space for a free standing fridge freezer exists. A boiler is located in a cupboard.
Hallway A neutrally decorated hallway that leads to the bedroom and bathroom.
Bedroom A neutrally decorated bedroom with a window.
Bathroom The bathroom comprises a corner shower cubicle, low level W.C., a pedestal wash basin and a chrome towel radiator.
Important information
Tenure - freehold.
11 Graham Grove - Council Tax Band B.
11a Graham Grove - Council Tax Band A.
11 Graham Grove is currently let to two tenants at £300.00 each per calendar month. One tenancy agreement is currently rolling and another has a fix term that ends on the 15th January 2021.
11a Graham Grove is currently to let to one tenant at £400.00 per calendar month on a rolling contact currently.
We are advised that both properties are on one title.
1.Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 - Purchasers will be asked to produce original or certified identification and evidence of address documentation. We carry out an electronic anti-money laundering checks on all buyers. We use a risk-based approach to determine the level of detail we apply when looking at each individual purchaser. Therefore, we may require additional documentation or information. If you conclude a sale subject to contract, you understand we shall carry out electronic anti-money laundering checks. This is not a credit check and will not affect your credit file but may show on your credit search file.
2. We endeavour to make our particulars accurate and reliable. However, they are only a general guide to the property and if there is any aspect of our particulars which is of importance to you, please contact the office and we will be happy to check where we reasonably can.
3. Measurements: These approximate room sizes are only intended as general guidance.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract, the matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Yorkshire's Finest Leeds Limited T/A Cornerstone Estate Agents nor any of its employees or agents has any authority to make or give any representation or warranty about this property.
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