Every so often at Redbrick Properties we use our expertise to search the local property market for good potential investments, not only for new landlords looking to dive into the residential property market but also portfolio landlords looking to bulk up their portfolio.
And what a beauty Redbrick Properties have found for you this week. Located in a sought after location in central Hyde Park, close to Uni as well as being a short walk from Leeds City Centre.
This good size 5 bed through-terrace student property is fully let until Summer 2022 and will currently bring in a gross yield of circa 7% based on the asking price.
You can check out the details here:
Located in Hyde Park, the most popular student districts of Leeds, on the door-step of lots of fantastic shops, restaurants, bars and pubs. More importantly it's a close walk to Leeds University and the City Centre and excellent transport links which take you to Headingley and Leeds Beckett University.
According to the agent's description:
"A WELL PRESENTED FIVE BEDROOMED THROUGH TERRACE SITUATED IN THIS PRIME LETTING LOCATION IN CENTRAL HYDE PARK FULLY LET UNTIL SUMMER 2022.
PRODUCING AN ANNUAL GROSS RENTAL INCOME OF £25,480 PA (exclusive of utilities), an attractive gross yield of circa 7% based at the asking price!
Planning permission has also been obtained for C4 Use as a House in Multiple Occupation (HMO) - A certificate of lawful use can be downloaded from the Leeds City Council website.
Providing a STYLISH CONTEMPORARY INTERIOR, the property offers a very well configured layout comprising five genuine double bedrooms, lounge, good sized lower ground floor kitchen, quality modern house bathroom with shower over a bath and a further 'Jack & Jill' shower room and wc on the top floor. Additional features include; fire doors, gas central heating and upvc double glazing. Externally, there is a yard to the rear."
A few points to note, according to the agent's particulars:
- LET UNTIL SUMMER 2022 AT £25,480 per annum
- C4 APPROVED AS HMO
- Being Sold As an On-Going Concern
- EPC Rating D
If this is an investment you are interested in then check out the current market conditions in Hyde Park using your Redbrick Properties Landlord Dashboard, which includes - peak seasonal months for lettings, average rents in the local area, which size properties are in high demand, and more.
If you would like some more information on the current state of the rental market in Leeds, please feel free to pop in for a coffee and a chat, now that restrictions are easing. Or, drop Joy Gray a message here as she would love to talk to you about anything property.
Disclaimer - The information displayed about this property comprises a property advertisement. Redbrick Properties (Leeds) Ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. The above does not constitute property particulars. The information is provided and maintained by Castlehill, Headingley. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.