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Winstanley Terrace, Leeds £395,000

  • 3x One Bedroomed Flats - Potential for Fourth!
  • Spacious Through Terrace In Hyde Park
  • Income of £1455PCM - Excellent Uplift Potential
  • Elevated Position & Very Large Basements - Ideal for Conversion
  • An Attractive Investment Opportunity
  • EARLY VIEWING ADVISED & MUST SEE!
  • EPC's C, C & D

An exciting investment opportunity, in prime Headingley/Hyde Park letting hot spot!! A rare chance to purchase a very well configured and deceptively spacious and elevated TERRACE SPLIT INTO 3 x ONE BEDROOM SELF CONTAINED APARTMENTS, plus excellent potential to create a forth unit from the extensive basements! Potential incomes of in excess of £30K!

Situated in an extremely popular letting location, the apartments are all let on Assured Shorthold Tenancy Agreements and on a periodic month to month basis and is being sold as an on-going concern. It generates a monthly rental income of £1455 exclusive of utilities. However, in our opinion, following light cosmetic improvements of the existing flats and utilising the substantial chambers in the basement, it COULD ACHEIVE SIGNIFICANTLY HIGHER RENTS, subject to the usual planning consents.

Each of the three units are metered separately for gas, electric and water and benefits from a communal fire alarm and recently fitted composite front & rear doors. To the rear of the property, it can be accessed by car with some parking for one vehicle and pedestrian access to the front. The very versatile accommodation which is situated over three floors comprises 3x spacious one bedroomed self contained flats, one on each floor and includes a lounge/dining kitchens, bathroom & wc's and separate bedrooms. The property is gas centrally heated and has a mixture of upvc double glazing and original timber sash windows.

EARLY VIEWING STRONGLY ADVISED TO AVOID DISAPPOINTMENT!

With current excellent demand for 1 & 2 bedroom rentals, this must offer an attractive more manageable investment than larger HMO student properties and it must provide buyers excellent opportunity to further improve the internal presentation to enhance rental demand and income!



Winstanley Terrace
Leeds LS6 1DS
County: West Yorkshire
Sale Type: For Sale
Ref #: 00004431

Tenure

Freehold

Possession

Subject to existing tenancy agreements.


Winstanley Terrace
Leeds LS6 1DS
County: West Yorkshire
Sale Type: For Sale
Ref #: 00004431

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Winstanley Terrace
Leeds LS6 1DS
County: West Yorkshire
Sale Type: For Sale
Ref #: 00004431
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