HOP are pleased to present this fantastic investment opportunity, A large Freehold mid terrace house converted into 4 good size self-contained flat. Located in Woodhouse, a Leeds rental hot spot. Achieving a Yield of 8%!! Offers over £450,000.
Fully Let to 4 professional tenants until July 2024 with an income of £2995PCM ( including the shared laundry room which brings in £45pcm), achieving an attractive yield of 8%.
Flat 1: 612 sq ft
On the lower ground floor the 1 bedroom spacious flat is rented until August 2024 at £750 pcm. The spacious flat benefits from its own private entrance, large living dining space, separate kitchen with storage and space for a washing machine, a double bedroom and bathroom. The flat can also be accessed via the communal entrance on the ground floor.
Flat 2: 359 sq ft
The first floor hosts a second one bedroom flat making the most of the large bay window. With an open plan kitchen living area, very large and spacious double bedroom with built in storage and a shower room with separate WC. This flat has been rented to the same tenant for several years and is on a fixed contract until July 2024, receiving £650 pcm.
Flat 3: 355 sq ft
The second floor offers a well presented one bedroom flat with open plan kitchen living, double bedroom with storage and a shower room. Rented until July 2024 at £800 pcm. The second floor also hosts the shared Laundry room which can be used by flats 2, 3 and 4. Flats utilising this space pay an extra £15 pcm increasing the yearly income by £540.
Flat 4: 681 sq ft
The third floor provides another one bedroom flat which is well presented throughout. Offering a light and spacious living dining area, separate kitchen, double bedroom with Velux window, additional storage room and a fully tiled shower room. This flat is rented until July 2024 at £750 pcm.
The property has been with the current owner for 20 years. It has been well maintained throughout and rented consistently. Woodhouse is a location in high demand, due to its proximity to the city centre, Universities, excellent transport links, affordable rents and local amenities.
To discuss this excellent investment opportunity in more detail, please speak to our team.
This is an opportunity not to be missed!