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Melville Place, Woodhouse, Leeds, LS6 5 bed terraced house for sale
Melville Place, Woodhouse, Leeds, LS6
£230,000
Melville Place, Woodhouse, Leeds, LS6
£230,000
Our Summary
- Please note the house now requires a programme of modernisation throughout
- Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'
- This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent
- The property is being sold via a transparent online auction
Description
This property, located in the popular Woodhouse area of Leeds, is being sold via online auction with a starting bid of £230,000. The property comprises a 4-bedroom house, let room-by-room, and a 1-bedroom basement flat, also let. The house has C4 planning permission (HMO consent) and the property as a whole generates an impressive £2,090 per month, giving a yield of 9.6% on the asking price. The property requires modernization throughout, but offers a great opportunity for investors. The location is highly sought after, with proximity to the university, city centre, and Hyde Park, making it an attractive option for professionals and students alike. The property includes a range of rooms, including communal areas, shower rooms, and bedrooms, all of which are let to tenants on individual ASTs. The basement flat is also let, generating an additional £600 per month. The property is being sold freehold, with each unit having its own leasehold title, and the auction is being conducted online with a starting bid of £230,000.