3 Bed Terraced House For Sale Hillcrest View, Leeds, LS7

£249,950- Terraced

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Last Updated: 27th June 2024

Description

*** TERRACE PROPERTY IN PRIME LS7 LOCATION SPLIT INTO 3 SELF CONTAINED APARTMENTS *** FANTASTIC INVESTMENT OPPORTUNITY *** LONG ESTABLISHED FLATS FOR OVER 20 YEARS *** Stoneacre Properties are pleased to present to market this fantastic ready made investment opportunity of 3 self contained apartments. The property boasts great access to Leeds City Centre as well as to nearby Chapel Allerton and Roundhay. Flats 2 and 3 have undergone recent renovation works. The flats comprise open plan kitchen/living room, double bedroom and bathroom with shower. The property has been let out as flats for the last 20 years. There is also development potential in separate access basement area into 1 bed flat subject to planning.

The current rental yield for the property is £21,540 per annum broken down as follows:

Flat 1 - £475 PCM (increasing to £550 in August) - could achieve £675-695 PCM if on open market.

Flat 2 - £695 PCM

Flat 3 - £625 PCM.
Agent Details
Stoneacre Properties
184, Harrogate Road, Leeds, LS7 4NZ
Show Contact Number
0113 237 0999

Investment Analysis

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Calculators

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Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested