House For Sale £395,000
Newport Gardens, Leeds

LET UNTIL 30th JUNE 2024! GROSS RENT £30,744 p/a excluding bills. AN ATTRACTIVE GROSS YIELD OF 7.8% BASED AT THE ASKING PRICE.

A VERY WELL PRESENTED AND MAINTAINED GAS CENTRALLY HEATED AND UPVC DOUBLE GLAZED SIX BEDROOMED TERRACE WITH GOOD SIZED ACCOMMODATION BEING SOLD AS AN ON-GOING CONCERN AND WITH IMMIEDTAE INCOME ON COMPLETION. SITUATED IN THIS LEAFY LOCATION, ON A CHARACTERFUL COBBLED CUL-DE-SAC, ONLY A FEW MINUTES WALK TO BURLEY PARK TRAIN STATION, HEADINGLEY CRICKET GROUND AND EXTENSIVE SHOPS, BARS AND RESTAURANTS.

CLICK ON VIRTUAL TOUR OR ON 'FULL DETAILS' FOR LOTS MORE INFORMATION ABOUT THE PROPERTY, THE LOCAL AREA, TRANSPORT LINKS AND SCHOOLS.

The property is let to six tenants from 1st July 2023 until 30th June 2024 and in our opinion, there must be further opportunities for an uplift in rent in future years from minor cosmetic upgrades by improving the bathrooms and adding a contemporary furniture package. There is also no letting management tie in, allowing buyers the opportunity to self manage or appoint their own preferred letting agent.

In brief; comprising an entrance hall, lounge and dining kitchen on the ground floor, two lower ground floor generous bedrooms and a shower room & wc. On the first floor is a spacious master bedroom, smaller double bedroom and bathroom w/c and two further good sized bedrooms on the second floor, one with a dormer window providing extra light & space. Additional popular features include some original period fire places and original exposed easy to maintain floorboards. Externally there are small enclosed low maintenance gardens to the front & rear.

The current owners have a HMO Licence until 19th July 2025. Photographs taken pre tenancy.

Internal viewing strongly recommended to appreciate this well proportioned and cared for property.

Tenure
Freehold

Possession
Subject to tenancy

Council Tax Band: C
Tenure: Freehold