House For Sale £160,000
This is an investment opportunity to purchase an HMO property in Leeds generating £38,400 rent pa & gross yield of 11.4%.
Property information:
Fully licenced HMO
The property was refurbished in 2019, see below for details
3 x double bedrooms
Shared bathroom
Shared kitchen/diner
Shared lounge
Fully furnished including bedding, appliances, utensils
No off-street parking but plenty of parking space directly outside of the property
EPC rating D
Council tax band A
Refurbishment information:
The vendor undertook extensive refurbishment works, some of which included:
New bathroom
Partially new kitchen
New carpets
New boiler
Full re-wiring
New fuse box
Various re-plastering
Redecoration
Rental information:
The property is fully tenanted:
Room 1 - £525 pcm
Room 2 - £495 pcm
Room 3 - £500 pcm
Monthly rental income: £1,520
Annual rental income: £18,240
Running costs:
The vendor provided us with the following running costs of the property:
Gas & electric: £120 pcm
Council tax: £105 pcm
Water: £40.60 pcm
TV licence: £13 pcm
Cleaning: £170 pcm
TV, broadband: £66.90 pcm
Total cost pcm: £515.50
Total cost pa: £6,186
Location information:
The property is located in the Kippax area of Leeds
The centre of Kippax can be reached in a 5-minute walk
The closest railway station is in East Garforth which can be reached in a 6-minute drive
Easy access to the M1 via junction 46 and to the A1(M) via junction 42
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
Property information:
Fully licenced HMO
The property was refurbished in 2019, see below for details
3 x double bedrooms
Shared bathroom
Shared kitchen/diner
Shared lounge
Fully furnished including bedding, appliances, utensils
No off-street parking but plenty of parking space directly outside of the property
EPC rating D
Council tax band A
Refurbishment information:
The vendor undertook extensive refurbishment works, some of which included:
New bathroom
Partially new kitchen
New carpets
New boiler
Full re-wiring
New fuse box
Various re-plastering
Redecoration
Rental information:
The property is fully tenanted:
Room 1 - £525 pcm
Room 2 - £495 pcm
Room 3 - £500 pcm
Monthly rental income: £1,520
Annual rental income: £18,240
Running costs:
The vendor provided us with the following running costs of the property:
Gas & electric: £120 pcm
Council tax: £105 pcm
Water: £40.60 pcm
TV licence: £13 pcm
Cleaning: £170 pcm
TV, broadband: £66.90 pcm
Total cost pcm: £515.50
Total cost pa: £6,186
Location information:
The property is located in the Kippax area of Leeds
The centre of Kippax can be reached in a 5-minute walk
The closest railway station is in East Garforth which can be reached in a 6-minute drive
Easy access to the M1 via junction 46 and to the A1(M) via junction 42
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
