Recreation View, Leeds, LS11 0AP4 Bedroom Terraced House
Council Tax
Band: A
Tenure
Freehold
This double fronted terrace, close to Leeds city centre, was divided into units many years ago. There is currently 1 x one bedroom flat, 1 x studio and 2 x bedsits which share a bathroom. The property is fully let generating an income of £19,418 per annum. This equates to a whopping return of more than 17% based on the guide price. Two of the current tenants are longstanding and have lived in the property since 2014 and 2016 respectively. Each unit has its own electronic pre-pay electricity meter with the landlord being responsible for the water bill and council tax (on the bedsits only). The current owners have advised us that they work closely with the council to ensure their units conform to the necessary standards. The EPC ratings for the units are C, C, C and D having had the external insulation installed.
Additional Information
Lower ground floor
Cellars to basement
Ground floor
Hall, Bedsit 1 and Bedsit 2
First floor
Flat 3 Landing, Living Kitchen, Bedroom and 2 Shower Room
Second floor
Flat 4 Living/Bedroom, Kitchen and Shower Room
Council Tax
Leeds city council - Tax band A
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.
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: A
Tenure
Freehold
Key Features
- For sale by auction on the 1st February 2023
- Guide price £110,000+
- The property is fully let generating an income of £19,418 per annum.
- Council Tax band - A
- EPC ratings for the units are C, C, C and D
Description
This double fronted terrace, close to Leeds city centre, was divided into units many years ago. There is currently 1 x one bedroom flat, 1 x studio and 2 x bedsits which share a bathroom. The property is fully let generating an income of £19,418 per annum. This equates to a whopping return of more than 17% based on the guide price. Two of the current tenants are longstanding and have lived in the property since 2014 and 2016 respectively. Each unit has its own electronic pre-pay electricity meter with the landlord being responsible for the water bill and council tax (on the bedsits only). The current owners have advised us that they work closely with the council to ensure their units conform to the necessary standards. The EPC ratings for the units are C, C, C and D having had the external insulation installed.
Additional Information
Lower ground floor
Cellars to basement
Ground floor
Hall, Bedsit 1 and Bedsit 2
First floor
Flat 3 Landing, Living Kitchen, Bedroom and 2 Shower Room
Second floor
Flat 4 Living/Bedroom, Kitchen and Shower Room
Council Tax
Leeds city council - Tax band A
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.
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.
