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8 bedroom terraced house for sale
Whingate, Armley, Leeds
£540,000
Whingate, Armley, Leeds
£540,000
Our Summary
- FOR SALE via Modern Method of AUCTION - CALLING ALL INVESTORS£540,000 starting bid
- )Future Income PotentialThere is further potential for rental growth, supported by:• Consistent demand for affordable studio accommodation • Periodic Housing Benefit and Local Housing Allowance (LHA) reviews by the UK Government • Any future uplift to the Housing Benefit cap could allow for rent reviews in line with revised LHA rates, subject to legislation and market conditionsThis presents an opportunity for long-term income growth in addition to the already strong returns
- Early viewing is highly recommended due to the rarity of this type of investment opportunity
- This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period
- Modern Method of Auction
Description
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Here is a summary of the property description in a single paragraph without a list:
This is a rare investment opportunity to acquire a fully converted block of 8 self-contained studio apartments in the popular residential area of Armley, Leeds. The property is ideally suited to investors seeking immediate income with future growth potential, offering a starting bid yield of approximately 10.48%. The studios are currently occupied by tenants in receipt of Housing Benefit and Universal Credit, with rent paid directly to the landlord. The property has a strong monthly cash flow and future rental growth potential, supported by consistent demand for affordable studio accommodation and periodic Housing Benefit reviews. With a starting bid of £540,000, this property presents an excellent yield for a residential investment, with the potential for long-term income growth. Early viewing is highly recommended due to the rarity of this type of investment opportunity.