Firstly, whilst we have seen much higher yields in the past, a yield of 6% on any property in Leeds is still a decent yield.
I believe if you were to make more improvement to the property such as a new kitchen and bathroom then this yield could be pushed even higher, as the area is great as well located for both students and professionals.
Also, if you have read Castlehill's property details, you will see there is also a third room in the basement, with a utility area off to the side. This has not been marketed as a third bedroom, I suspect because the house either does not have class C4 use under Article 4 Direction (What is Article 4 Direction?), although there is nothing stopping the owner from putting in planning permission for change of use.
Another reason may be that the basement is not sufficiently tanked, and therefore could be classed as uninhabitable.
It does state that the room is useable though, and would be 'ideal for storage or a gym/hobby room.'
One demand we have noticed from renters, since the days of Covid-19 and lockdowns, is the want for a spare room in the event the tenants need to work from home. This third room would be a very attractive benefit for renters, and could command more rent.
Another great benefit to this buy to let property is its EPC rating of D. Whilst this may not be much of a benefit now, come 2025 there are new regulations coming into force where having a rating of D would mean less cost to meet these new regulatory demands (What new regulations?).
According to the Energy Performance Certificate, by carrying out the EPC Inspector's recommendations, the EPC rating can be brought up to a B.
Finally, you will notice from the external photo of the property, that there is a very useful adjoining enclosed locked store room. According to Castlehill, the seller is in the process of applying for adverse possession.