Every so often 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 we have found for you this week. Trust me when I say this is one of the most sought after streets in Hyde Park, for both landlords and tenants.
This huge 7 bed HMO student property is fully let until 30th June 2019 and will bring in a gross yield of 8%.
You can check out the details here:
Kensington Terrace, Hyde Park, Leeds – 7 Bed House – £410,000
Located in central 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:
Use our Instant Rent Calculator to compare the current rent achieved against the potential rent achievable.
The description goes on to explain, “this is a great opportunity for discerning investors looking for immediate income with minimal set up costs. Gas centrally heated, HMO licenced and well equipped throughout, EARLY INTERNAL INSPECTION IS HIGHLY RECOMMENDED!!”
A few points to note, according to the agent’s particulars:
- Fully let until 30th June 2018 at £31,850.00 per annum
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Re-let from 1st July 2018 – 30th June 2019 at £32,760.00 per annum
- HMO Licenced
- Subject to the existing tenancy agreement
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EPC Rating E
If this is an investment you may be interested in then check out the current market conditions in Hyde Park using our Landlord Dashboard, which includes – peak seasonal months for lettings, average rents in the local area, which size properties are in high demand, and more.
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.
