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Cardigan Road, Leeds £490,000

  • SEVEN BED 'SUI GENERIS APPROVED' HMO
  • LET UNTIL JUNE 2022 at £31,390 PA
  • RENTAL UPLIFT POTENTIAL!
  • HYDE PARK!!
  • EXTENDED & SPACIOUS SEMI DETACHED
  • GARDENS & PARKING
  • EPC Rating - C

EXTENDED SEMI DETACHED INVESTMENT PROPERTY + PRIME HYDE PARK LOCATION + FULLY LET UNTIL JUNE 2022 + SUI GENERIS PLANNING APPROVED FOR 7 PERSON HMO!

This larger than average and very attractive 7 BEDROOM STUDENT HMO benefits from extended accommodation, providing generous room sizes and spacious layout throughout, FULLY LET UNTIL 30TH JUNE 2022 AT A GROSS RENTAL INCOME OF £31,390 p/a (exclusive of utilities)! Being sold as an on-going concern with immediate income on completion and no letting management tie in, allowing buyers the opportunity to self manage or appoint their own preferred letting agent.

The property has a Certificate of Lawful Use as a large HMO and a Licence with a permitted level of occupancy of 7 persons valid until 1st October 2024.

Situated in one of the prime letting locations, the property is likely to attract high levels of interest and must be an excellent choice for any established discerning investor. We would urge EARLY INSPECTION to appreciate the property's versatile, good quality and well managed interior. 

Additional Features include; a good sized corner plot with gardens and drive, plus further off street block paved parking to the rear!   


Cardigan Road
Leeds LS6 1EB
County: West Yorkshire
Sale Type: Sold STC
Ref #: 00003417

Tenure

Freehold

Possession

Subject to existing tenancy agreements. Vacant possession 1st July 2022

HMO

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. A HMO constitutes a property let to at least 3 unrelated persons. If the property requires a HMO Licence (currently a property let to 5 or more unrelated occupants) then landlords/owners have to ensure the property complies with various criteria including specific fire protection, health & safety standards and minimum room sizes. We understand rooms not meeting the minimum sizes and/or the property is not deemed 'reasonably suitable' for the number of occupiers, could lead to HMO Licences not being granted. Buyers are strongly advised to consult Leeds City Council for HMO advice & guidelines. Useful links - Conditions for licensed HMOs - HMO Licencing - HMOs Article 4 direction - HMOs.


Cardigan Road
Leeds LS6 1EB
County: West Yorkshire
Sale Type: Sold STC
Ref #: 00003417
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