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6 bed terraced house
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Our Summary
- 6% gross yield at the asking price, with potential to enhance returns further
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Description
The property is a six-bedroom HMO located in a prime student area, offering 10.6% gross yield at the asking price. It is currently producing an annual rent of £31,200, excluding utilities, with a tenancy agreement in place until the end of the 2027 academic year. The property has a Certificate of Lawful Use from Leeds City Council, confirming its established HMO status within the Article 4 Direction area.
Accommodation consists of six bedrooms, two bathrooms, and an open-plan kitchen/living/dining room on the ground floor. The property is well-presented and fully managed under a current management agreement, which will remain in place for the duration of the existing tenancy.