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Ebor Mount Hyde Park, Leeds £350,000

  • Large 5 Bed HMO
  • Popular HYDE PARK
  • Excelent Rental Uplift Potential
  • Spacious Unconverted Basements
  • Current Income of £19,292 per annum
  • Potential Rents of Circa £31k - MUST SEE
  • EPC RATING - D

WE ARE INSTRUCTED BY THE VENDORS TO REQUEST BEST & FINAL OFFERS BY 4PM WEDNESDAY 16TH SEPTEMBER 2020.

PRIME HYDE PARK LOCATION WITH EXCELLENT RENTAL UPLIFT POTENTIAL!

Situated in a highly popular letting location, this very versatile and elevated five bedroom through terrace must provide excellent opportunity to increase rents by utilising the good sized unconverted basement chambers to either increase the number of bedrooms or to create a separate self contained flat, all subject to the usual planning and HMO contents.

An attractive investment opportunity and viewings are an absolute must! In brief the characterful accommodation comprises; entrance hall, spacious lounge with bay window and separate dining kitchen, downstairs wc and washbasin. Three first floor bedrooms and a shower room and wc with a further two bedrooms and bathroom and wc on the second floor. Externally, there is a small garden to the front with the basement benefiting from is own access and a recently paved, attractive low maintenance rear yard.

Let to five at £19,292 PA until 30th June 2021 and following internal improvements, in our opinion has the potential to be in excess of £32k!
The property has an HMO License for a permitted occupancy level of five persons valid until 5th July 2022.

DUE TO IT'S CLOSE PROXIMITY TO THE MAIN UNIVERSITY, STRONG LETTING HOT SPOT & BASEMENT POTENTIAL - THIS IS NOT TO BE MISSED!


Ebor Mount Hyde Park
Leeds LS6 1NS
County: West Yorkshire
Sale Type: Sold STC
Ref #: 00003690

LOCATION

Travelling from Hyde Park Corner on Hyde Park Road, turn right onto Royal Park Road, Ebor Mount is on the left.

TENURE

Freehold. This property is in an Article 4 area and is being let as a House in Multiple Occupation (HMO). HMO's are subject to C4 or Sui Generis planning class use. If the property requires a HMO Licence then Landlords have to ensure the property complies with various criteria including specific fire protection, health & safety standards and minimum bedroom and communal room sizes. We understand rooms not meeting these minimum sizes, could lead to HMO Licences not being issued or renewed. Buyers are strongly advised to consult Leeds City Council for HMO advice & guidelines.

POSSESSION

Subject to existing tenancy agreement with vacant possession 30th June 2021.


Ebor Mount Hyde Park
Leeds LS6 1NS
County: West Yorkshire
Sale Type: Sold STC
Ref #: 00003690
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