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Sold Prior | Lot 38

29 Wesley Road, Leeds, LS12 1UN

Sold Prior

  • Terraced House
  • 8 Bedrooms
  • Tenure: Freehold

Call the team on 0113 393 3482 for more information

Auction Date

Wed 05/02/2020

Auction Time

14:00

Auction Venue

Norman Hunter Banqueting Suite Elland Road Stadium, Leeds, LS11 0ES

This substantial terrace in Armley, located two miles west of Leeds city centre, is sure to appeal to those looking for a high yielding investment. The property has been an HMO for many years and currently has a licence for eight people and is generating an income of £33,155 per annum. This equates to a return in excess of 15% based on the guide price. There are 2 x self-contained flats on the top floor and six rooms with their own kitchen facilities and use of various communal bathrooms/shower rooms.

Tenure

Freehold

Lower Ground Floor

Hall, Room G, w/c

Ground Floor

Communal Hall, Room A, Room B, Room C

First Floor

Landing, Room D, Room E, Store, Shower room, Bathroom

Second Floor

Landing, Flat 1 - Living bedroom, kitchen and shower room. Flat 2 - Living bedroom, kitchen and shower room.

Externally

Yard to rear

Charges and Payments

In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,080 inc VAT.

Local Authority

Leeds City Council

Additional Fees

Administration Charge - See above

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.