Leeds, LS11, Valuation £68,000
Available For £54,400
£225 pcm Positive Cashflow
20% Discount
10% Yield
£13,600 Instant Equity
The property
This two bed terrace is in an excellent area for capital growth. The area 300m north has just been levelled and is about to be developed to create an urban pathway to Leeds city centre. The housing demand will soar as the council is demolishing 585 properties and only rebuilding 275.
www.leeds.gov.uk/Environment_and_planning/Regeneration/The_regeneration_of_Beeston_Hill_and_Holbeck.aspx
The house is in a ready to let condition, with a functioning kitchen and bathroom, two large bedrooms and large basement (potential for conversion subject to planning). It is central heated (Worcester Bosch) and double glazed.
The top floor bedroom is large enough to be split into two rooms, one double and one single. A quote has already been acquired and this can be done for £2990.
The house will rent to LHA with a two bed rate of £126.58 pw (£6,552.00 pa).
If the third bed room is created then the property can be rented for £149.50 pw (£7,774 pa).
- A Fantastic £225 pcm Positive Cashflow
- 10% Yield
- 20% Discount
- £13,600 Instant Equity
Property details
| Type of property |
Terraced |
| Bedrooms |
2 |
| Garden/yard |
Rear Only |
| Heating |
GCH |
Investment details
| Target rent |
£425 per month |
| Value |
£68,000 |
| Valuation fee |
£550 |
| Stamp Duty |
£NIL |
| Legal fees |
£1,100 including disbursements and VAT |
| Finder’s fee |
£3,995 |
| Equity on completion |
£17,000 |
What do I do next?
Contact us on 01904 772 393
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