Agent
5 days ago
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4 Bed HMO in Leeds with Scope to Refurb

Area: Leeds
Houses in multiple occupation (HMO)
£169,000
Bedrooms: 4
Bathrooms: 2
Market Status: OFF MARKET
Property Purchase Price: £169,000
Price Negotiable?: YES
Gross Yield: 11.21
Sourcing Fee (including VAT): £4,000
Legal Fees: £1,800

This off-market 4 bedroom HMO is located in Bramley, Leeds and offers a great opportunity for investors who are looking for a high cash-flowing professional HMO. The property comes fully furnished and features a living room, separate kitchen, 2 bathrooms and 4 bedrooms (one bedroom comes with an en-suite). The kitchen is equipped with all modern conveniences and white goods, while the living room is decorated in an elegant and cozy style providing plenty of space for tenants to relax and socialize. 

Randolph Street is located just a 10-minute walk away from Bramley train station, which takes commuters into the heart of Leeds within 30 minutes. Additionally, there are many buses on nearby Stanningley Road that can take commuters in and around the Leeds area. For those who drive, there is plenty of on-street parking available.

The property is currently tenanted by 4 working professionals who have been reference-checked with deposits registered with the DPS. Although the property is rentable in its current condition, there is potential to increase its value and rent by refurbishing and re-configuring the existing layout. For example, by creating a dwelling within the existing living room, the property can be divided into 4 bedrooms, each with its own en-suites.

This property is an excellent opportunity to invest in an HMO that provides high levels of cash flow while still having the potential to add value.

Features

Broadband Internet
Central Heating
Furnished
Great location
Include white goods
Kitchen
Loft/Attic Space
Microwave
Near to the Train Station
On-Street Parking
Refrigerator
Storage
WiFi
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PICNW
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260 Dewsbury Road, Wakefield, WF2 9BY
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