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2 bed property, in North Street, £125,000
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2 bed flat

North Street, Leeds, West Yorkshire, LS2
£125,000

Our Summary

  • Market rent £1,099pcm - £3,370 per year uplift available, not yet triggered
  • The income uplift exists when the investor wants it - current rent of £819 per month sits £280 below the market rate for a comparable property, a gap worth £3,370 per year

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Description

The property is a leasehold apartment with 975 years remaining on the lease. It has a floor area of 602 sqft and a private balcony off one of the bedrooms. The property features electric room heaters and electric immersion hot water, and has no parking.

The current tenant, who has been in the property for 4.5 years, pays £819 per month in rent, which is below the market rate for a comparable property. The property is located in LS2, within one mile of Leeds General Infirmary and St James' University Hospital, and also close to Leeds city centre, Leeds Beckett University, the First Direct Arena, and public transportation options.