3 Bed Terraced House For Sale

A READY MADE INVESTMENT OPPORTUNITY TO PURCHASE A FREEHOLD PROPERTY COMPRISING TWO SELF CONTAINED FLATS. Council Tax Band A. NO ONWARD CHAIN.


GENERAL
Currently let to professional tenants and producing a gross rental income of £18,300 per annum, this Freehold property offers an attractive 8% yield that will appeal to both seasoned and new BTL investors. The building was converted in 2018, with full planning approval, and each flat benefits from its own private entrance, electric heating and double-glazing. Comprises:

2 BEECROFT STREET
A two bed, two bath flat over two floors and currently let on an Assured Shorthold Tenancy until 1 July 2024 at £775pcm. The ground floor comprises an open plan lounge/kitchen/dining area, and a double bedroom with en suite shower room. There is another double bedroom with an en suite shower room on the lower ground floor.

4 BEECROFT STREET
A one bed, one bath flat located on the first floor and let on an Assured Shorthold Tenancy for 12 months from 09 January 2024 at £750pcm. With a private entrance at street level and stairs rising to the first floor, there is an open plan lounge/kitchen/dining area, and a double bedroom with en suite shower.

TENURE
There are no internal communal areas and as the property is Freehold, there is no service charge or ground rent to pay. No doubt, some buyers will see the potential in perhaps creating Leasehold flats in the future, with the intention of selling the flats individually.

AREA
Kirkstall is a popular suburb in north-west Leeds, situated approx. three miles from Leeds city centre. Recent regeneration in the area has included Kirkstall Retail Park, and Headingley’s vibrant centre is approx. 15 minutes away on foot. Headingley train station is a short walk away, with Leeds city centre being just two stops away (Horsforth, Harrogate, Knaresborough and York are also accessible via this station). The area has an abundance of open spaces, including Kirkstall Abbey, Kirkstall Forge and Kirkstall Valley Nature Reserve, providing open spaces and solace from the daily hustle and bustle.

COUNCIL TAX BAND A.