This six bedroom semi-detached property in Woodhouse will appeal to those looking for a high yield. Currently, five of the six rooms are let on individual ASTs. The property is generating an income of £19,020 per annum, inclusive of bills. We have been advised by the seller that it has been let in this format for many years and we have seen evidence from a 2011 Rightmove entry that supports this. The sellers have also advised that the property has had an HMO licence since they acquired it and despite expiring in summer 2020, they have applied for a renewal. The property has a communal kitchen and lounge, six bedrooms and two shower rooms. The area is popular with groups of students and, following modernisation, the property has potential to generate a higher rental income. The property has suffered from structural movement. A 2018 report, available within the legal pack, found the property to be stable and safe. The marketing images were provided by the seller and were taken approximately twelve months ago. 8 Hartley Avenue, the adjoining semi-detached, is also for sale in our December catalogue should anyone wish to purchase both. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Tenure

Freehold

Lower Ground Floor

Kitchen, shower room and bedroom

Ground Floor

Hall, communal lounge and bedroom

First Floor

Landing, two bedrooms and shower room

Second Floor

Two bedrooms

Externally

Yard to front. Garden to rear suitable for parking.

Charges and Payments

In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 inc VAT.

Energy Efficiency Rating (EPC)

Current Rating D

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.