This rather impressive 8 bedroom end terraced property (or is it semi-detached? You decide!) is located in the heart of Headingley, a very popular student district of Leeds, only minutes away from all the fantastic shops, restaurants, bars and pubs that Headingley is so well known for, and more importantly very close to Leeds Beckett University. It is also close to great transport links to the University of Leeds and City Centre.
According to the agent's description this SUBSTANTIAL EIGHT BEDROOM LICENCED HMO TERRACE is EXCEPTIONALLY WELL PLANNED STUDENT ACCOMMODATION OVER FOUR FLOORS and offers SOME LOVELY ORIGINAL PERIOD FEATURES TO RETAIN THE CHARACTER WITHIN THE PROPERTY.
The agent's photos would suggest there is no immediate opportunity to add value unfortunately, however, the figures stack up enough to make it more than work in our opinion. Currently on the market at £349,950.00 and let until the end of June 2015 at a rent of £37,440.00 per annum giving a gross yield of 10.7%.
A few points to note, according to the agent's particulars:
There could be a whole host of reasons as to why you want to buy, from it being the preferred option to a traditional pension, or maybe your savings interest rates are falling below your expectations. From the start you need to know exactly what you should be looking for, what cautions you will need to take as an investor, whilst looking at your investment as if it is you that is renting the property.
Redbrick Properties can benefit landlords through offering advice and guidance in areas such as:
Redbrick Properties was established back in 2002 and since then has gone from strength to strength building up a fine portfolio of residential properties along the way.
We could never be accused of being a faceless agency as both Mark and I still work front-line in the office along side our experienced and capable staff.
Nice post! Useful information, looking forward to more like this.
Thanks Jake! Just to let you know, this is now a weekly 'But-To-Let' Blog so expect some more property investment advice shortly.