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Vinery Mount, Leeds, LS9 3 bed terraced house for sale
Vinery Mount, Leeds, LS9
£125,000
Vinery Mount, Leeds, LS9
£125,000
Our Summary
- Each room is currently achieving £450 (inclusive of bills)The asking price is £125,000Rental income is £450 per room - totaling £1,350pcm (£16,200 pa) Works are required on the roof - the quote for this is approximately £5,000The potential net yield based on a £130,000 spend is 12
Description
This three-bedroom buy-to-let HMO property is located in a prime rental area just a short commute from Leeds city center. The property is currently tenanted, generating a total rental income of £1,350 per month (£16,200 per year). The property features a spacious lounge, a large converted cellar bedroom, and two further double bedrooms, as well as a modern bathroom. The property requires some works, including a new roof, which is estimated to cost around £5,000. Despite this, the potential net yield is 12.46% (excluding bills), making it an attractive investment opportunity. The property is being sold for £125,000, with the potential to increase rental income by upgrading the property to attract higher-paying tenants.