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Burlington Road, Leeds 6 bed end of terrace house for sale
Burlington Road, Leeds
£190,000
Burlington Road, Leeds
£190,000
Our Summary
- Investment opportunity to convert this property into a 6 bedroom HMO with en-suite bathrooms in each room
- This property comes with planning permission for this to be a 6 bedroom HMO, front and rear dormer's extensions and a certificate of lawfulness
- The HMO market within this area is buoyant and you should expect to achieve £600-£650pcm per room giving potential to out for £43,200 per year
- Cash Buyers Only
- Investment Opportunity
Description
This property presents an investment opportunity to convert it into a 6-bedroom HMO with en-suite bathrooms in each room, with planning permission already in place. The property's location is in a buoyant HMO market, with potential to achieve £43,200 per year in rental income. With a budget of £250,000 for refurbishment, the expected net yield is approximately 17.28% (before costs). The proposed layout includes a bedroom and lounge in the basement, a bedroom, communal kitchen/diner on the ground floor, two bedrooms and three bathrooms on the first floor, and two bedrooms on the second floor, with small flagged gardens to the front and rear.