5 bed terraced house

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5 bed terraced house

Grimthorpe Terrace, Headingley, Leeds LS6
£310,000

Our Summary

  • 89% at present but this could be easily increased by making minor alterations, such as upgrading furniture and modernising the property and increasing the rent for future tenancies

Description

This 5-bedroom property in Headingley, LS6, is an ideal buy-to-let investment opportunity. The property is currently let to 5 tenants until 30th June 2025, generating an annual income of £21,378.60, with a rental yield of 6.89%. The property has a valid HMO licence and is located in a highly sought-after area by both students and professionals. The property requires a valid certificate of lawful use as it is located in an article 4 direction area, but it has a full letting history and can be easily obtained. The property has a spacious layout, with five double bedrooms, a kitchen, and a living room. The kitchen has been modernized with fitted appliances, and the living room has a bay window and a gas central heating radiator. The property also has a rear garden and a basement living room with a WC and storage room. The property is being sold with tenants in situ, making it an ideal investment opportunity for those looking to generate a steady income.