URL Source: https://redbrickproperties.co.uk/news/posts/buy-to-let-of-the-week-leeds-city-centre-current-yield-of-7
Published Time: 2021-12-16T10:23:36+00:00
Markdown Content:
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.
11a Twenty Twenty, Skinner Lane, Leeds, LS7 1BB
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Located between Leeds City Centre and St James’s Hospital on the fringe of central Leeds, and within walking distance of both.
This good size**1 bed**flat, currently being marketed for sale by **Moores****Estate Agents**, is**tenanted**and bringing in a**gross yield of 7%**.
**I believe there is definitely scope to increase the rent on this property, and thereby the yield, as Redbrick Properties have let a a similar flat in this development for £595.00pcm. This would increase the potential gross yield to 7.52%**
You can check out the details on Moores Website, here:
According To The Agent’s Description
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_“This is ideally located for renting to city centre workers and doctors, nurses or ancillary staff at St James’s hospital which is literally a few minutes’ walk around the corner. Young professionals are keen to minimise the cost of renting, making compact homes such as this very popular in the rental market._
_The fittings are good quality and the flat has its own entrance, which will appeal to many who don’t want to share communal entrances, lobbies, lifts and staircases._
_The area has plenty of amenities close by. There’s a supermarket directly across the road, along with a private gym, both of which should make this flat easy to let going forwards.”_
A Few Points To Note On The Agent’s Particulars
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* Leasehold for a term of 125 years from September 2008
* £300 per annum Ground Rent until 2025 when a review will take place
* £549.86 per annum Service Charge
* EPC Rating D
* All Furnishings Included In The Sale
* Council Tax Band B
Let’s Chat
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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](https://redbrickproperties.co.uk/discuss-your-property)as she would love to talk to you about anything property.
Dedicated to Lettings
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Landlords let their properties with Redbrick Properties because we are a dedicated lettings agency, we do one thing and that’s lettings.
Joy Gray, Property Development Manager
Disclaimer
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#### 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.
