This modern well-presented two bedroom and two bathroom back to back terrace is currently let to two students until June 2023 and is generating an annual income of £13,520. When based on the quoted guide price this equates to a return of more than 8%.
The tenants also contribute £26 per person per week to cover the cost of utilities etc, however a clause in the contract does allow the landlord to recover any shortfall if the tenants usage amounts to more than this figure.
The property is located in one of Leeds most popular student areas with Burley park train station and a number of cafes and restaurants a short walk away on Cardigan Road.
Accommodation
Basement
Cellar storage
Ground Floor
Living room and kitchen
First Floor
Bedroom bathroom and seperate WC
Second Floor
Further bedroom and bathroom
Additional Information
Council Tax
Leeds city council - Tax band A
Tenure:
Freehold
Disclaimer:
Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.
Charges And Payments
In addition to the deposit
Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 inc VAT.
Search Fees: £240 inc VAT.
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.