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Estcourt Avenue Headingley, Leeds £380,000

  • Substantial Spacious Mid Terrace
  • 6 Bed House & 2 Bed Flat
  • Prime Central Headingley Location
  • Close to Extensive Amenities
  • Annualised Total Rent Roll of over £29,000
  • Excellent Further Potential
  • EPC RATINGS - A - E

WE ARE INSTRUCTED BY THE VENDORS TO REQUEST BEST & FINAL OFFERS BY 4pm ON FRIDAY 31st JANUARY 2020.

A SUBSTANTIAL AND SPACIOUS INVESTMENT PROPERTY COMPRISING A SIX BEDROOMED HOUSE AND TWO BEDROOMED SELF CONTAINED FLAT, SITUATED IN THIS VERY CONVENIENT CENTRAL HEADINGLEY LOCATION, A SHORT WALK TO THE CRICKET GROUND AND EXTENSIVE AMENITIES, INCLUDING SHOPS, BARS AND RESTAURANTS WITH THE UNIVERSITIES AND CITY CENTRE WITHIN EASY REACH.

The main house is currently let on individual tenancies @ £1680 pcm and the flat is let at £750 pcm, generating an attractive annualised total gross rent of £29,160. The flat is also re-let until 30th June 2021 @ £750 pcm.

There must be fantastic potential to upgrade the main house over the Summer months with a view to increasing the overall rent to to well over £35,000 p/a!

The main house currently comprises an entrance hall, large lounge, bedroom and kitchen on the ground floor, three bedrooms, a bathroom w/c and separate w/c on the first floor and two further generous bedrooms on the top floor with additional shower room. The flat, assessed from the rear, comprises an attractive open plan lounge and modern fitted kitchen, two double bedrooms and a modern shower room w/c. Externally, there is a small garden frontage and a paved area to the rear offering potential off street parking.

Internal viewing is strongly advised to fully appreciate the very generous room proportions and scope for upgrading to increase rental appeal.
The owner has a HMO Licence for the main house for 6 persons until 1st June 2021.


Estcourt Avenue Headingley
Leeds LS6 3ES
County: West Yorkshire
Sale Type: Sold STC
Ref #: 00003106

POINTS TO NOTE

Online records show that the house & flat have had separate council tax bands since 1/04/1993. COUNCIL TAX BANDS: Flat - A House - D A planning record exists for the change of use of the basement to create a two bedroomed flat. Ref: H26/207/91/1 approved on 13.9.1991. Source: https://publicaccess.leeds.gov.uk/

LOCATION

Travelling from Headingley on Otley Road, turn left onto North Lane which continues onto Kirkstall Lane, Estcourt Avenue is on the right.

TENURE

Freehold

POSSESSION

The main house is currently let on individual tenancies @ £1680 pcm and the flat is let at £750 pcm, generating an attractive annualised total gross rent of £29,160. Room 1 -£280.00 pcm. Contract from 1st November 2018. Room 2 - £280.00 pcm. Contract from 1st October 2018. Room 3 - £290.00 pcm. Contract from 1st December 2018. Room 4 - £255.00 pcm. Contract from 1st January 2020 - 30th April 2020. Room 5 - £290.00 pcm. Contract from 15th August 2019. Room 6 - £285.00 pcm Contract from 14th January 2020 for 4.5 months. The main house has vacant possession Summer 2020. The flat is re-let until 30th June 2021 @ £750 pcm.


Estcourt Avenue Headingley
Leeds LS6 3ES
County: West Yorkshire
Sale Type: Sold STC
Ref #: 00003106
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