2 bedroom flat for sale

Overview

This purpose-built second-floor apartment has two double-sized bedrooms and has recently been tenanted (young professionals) at an increased rental figure of £775.00 per month. The apartment is currently managed by a local lettings agent, and as such presents an excellent opportunity for investors seeking a 'hands-free' investment in the central Leeds area. The property is situated at the junction with Farnley Crescent and the Leeds ring-road, which gives quick and convenient access to Leeds city centre and the motorway network. Outside the property is a car park with an allocated parking space. The location is convenient to access commuting links via road and bus services to Leeds city centre and a local convenience store and other shops are within 300 metres. Stonebridge Lea - Investment Highlights * Purchase price from just £110,000 * 2-bedroom apartment * 2nd floor (top floor) * Current rental income £775pcm for 12 Months until 28th July 2024. * Estimated Gross Rental £9,300pa * Generating Gross Yield of 7.1% * NET rental yield 6.2% * Parking * Leasehold development * Service charge - £1,200 per annum * Ground rent - £200 per annum * Currently managed by local lettings agent (fees on request) * Ground rent increases by £200.00 every 25 years. Nearby amenities * Leeds city centre - 11-minute drive * White Rose Shopping Centre - 9-minute drive * Bramley train station - 4-minute drive * University of Leeds - 13-minute drive * Leeds Beckett University- 12-minute drive For more details and to contact: https://realtyww.info/flats_leeds-d196252/for-sale_i70239397

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