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3 bedroom terraced house for sale
Cedar Terrace, Leeds
£229,500
Cedar Terrace, Leeds
£229,500
Our Summary
- *** TERRACE PROPERTY SPLIT INTO 3 SELF CONTAINED APARTMENTS *** FANTASTIC INVESTMENT OPPORTUNITY *** LONG ESTABLISHED FLATS *** Stoneacre Properties are pleased to present to market this fantastic ready made investment opportunity of 3 self contained apartments offering a gross return of 9%
- The current rental yield for the property is £20,580 per annum broken down as follows:Flat 1 - £575 PCM Flat 2 - £590 PCMFlat 3 - £550 PCMPotential to increase the rental to Leeds City Council one bed rate to £675pcm x3
Description
This is a fantastic investment opportunity presented by Stoneacre Properties, offering a gross return of 9%. The property is a split-terrace property comprising three self-contained apartments, each with an open-plan kitchen/living room, double bedroom, and bathroom with shower. The flats are located with great access to Leeds City Centre and have a current rental yield of £20,580 per annum, broken down into £575 PCM for Flat 1, £590 PCM for Flat 2, and £550 PCM for Flat 3. There is also potential to increase the rental to Leeds City Council's one-bed rate of £675 PCM, which would further boost the return on investment.