This end through terrace has been converted into two one-bedroom apartments, each with its own private entrance and yard. Each apartment is currently rented for £600 PCM generating a gross rental income of £14,400 per annum returning over an 11% yield based on the guide price. The vendor has advised that during his ownership he has made serveral improvements to the property, this includes: central heating system and bathroom change in 40a Louis Street and electric storage heater fitted in 1 Dodgson Avenue. Both properties have had exterior wall and ceiling insulation installed last year as well as some of the single glazed wooden windows replaced with UPVC double glazed windows. The property is located just off Chapeltown Road and therefore offering access into Leeds City Centre as well as all amenities at both Chapeltown and Chapel Allerton.

Tenure

Freehold

Ground Floor 40a Louis Street

1 bedroom flat: Living room, kitchen, bedroom and shower room

First Floor 1 Dodgson Avenue

1 bedroom flat: Living room, kitchen, bedroom and bathroom

Additional Information

Council Tax

Leeds city council - Tax Band A (both flats)

Charges and Payments

In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT. Searches £240 inc VAT

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.