Burchett Grove, Leeds, LS6 2JA7 Bedroom Terraced House
Council Tax
Band: B
Tenure
Freehold
This substantial end terrace with seven lettable rooms is a licensed HMO and would make a good addition to an existing portfolio. The area is popular with students, being located close to Leeds University and the city centre.
This is currently fully let to working professionals, on single ASTs (inclusive of bills), and is generating an income of £37,032 per annum. This equates to a gross return of more than 11% based on the current guide price which is considerably higher than other similar opportunities in the area.
We have been advised by the seller that planning permisison has been granted for the use as a 7 bed HMO.
Accommodation comprises, communal lounge and large modern dining kitchen, seven bedrooms and three bathrooms/shower rooms. Externally, there are yards to the front and rear.
Additional Information
Lower ground floor
Two rooms and shower room
Ground floor
Hall, communal lounge and dining kitchen
First floor
Landing, three rooms and two shower rooms
Second floor
Two rooms
Externally
Gardens to front and rear
Council Tax
Leeds city council - Tax band B
Tenure
Freehold
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. Search Fees: £240 inc VAT.
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Council Tax
Band: B
Tenure
Freehold
Key Features
- For sale by auction on the 29th March 2023
- Guide price £330,000+
- Seven lettable rooms
- Great addition to a portfolio
- Council Tax band B - EPC rating D
Description
This substantial end terrace with seven lettable rooms is a licensed HMO and would make a good addition to an existing portfolio. The area is popular with students, being located close to Leeds University and the city centre.
This is currently fully let to working professionals, on single ASTs (inclusive of bills), and is generating an income of £37,032 per annum. This equates to a gross return of more than 11% based on the current guide price which is considerably higher than other similar opportunities in the area.
We have been advised by the seller that planning permisison has been granted for the use as a 7 bed HMO.
Accommodation comprises, communal lounge and large modern dining kitchen, seven bedrooms and three bathrooms/shower rooms. Externally, there are yards to the front and rear.
Additional Information
Lower ground floor
Two rooms and shower room
Ground floor
Hall, communal lounge and dining kitchen
First floor
Landing, three rooms and two shower rooms
Second floor
Two rooms
Externally
Gardens to front and rear
Council Tax
Leeds city council - Tax band B
Tenure
Freehold
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. Search Fees: £240 inc VAT.
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
