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Property ID: 217076332
Monthly Income
£750
Current Yield
8.8%
Tenancy status
Tenanted
CapitalAppreciation
+4.4%
Exclusive Investment Grade Opportunity

This two-bedroom flat is located in Leeds, within walking distance of various valuable amenities. It is ideal for investors seeking reliable, long-term returns.


This is a brilliant opportunity for investors!


This property offers two bedrooms and two bathrooms, including an en-suite attached to one of the bedrooms. It also benefits from a shared private parking area accommodating approximately five cars. Ideally suited for working professionals, the property is conveniently located just a 10-minute walk from the city centre


Investment Details:


The property generates an annual gross income of £9,000 which the new owner could increase to a market rate of £12,648 with long-term tenants currently situated. The purchase price makes it a worthwhile addition to any investor’s portfolio.


Please see the Let Property Pack linked below for more details on this property’s investment potential.


Tenancy Details:


The current tenants have resided in the property for 8 months and have consistently paid their rent. They have no intentions of moving out and are keen to remain in the property.


Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income750/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£750 pcm
Current Rental Yield
8.8%
Potential Market Value Rent
£1054 pcm
Potential Rental Yield
12.3%
Estimated Monthly Capital Appreciation
£378
Area Capital Appreciation Rate
+4.4%

Tenancy Checks

Tenancy Agreement

Proof of Rental Income documentation has been verified against the rental amount in the Tenancy Agreement by Let Property.

Proof of Rental Income

Recent Proof of Rental Income has been Verified by Let Property.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Tenant Means of Funding:

Self Funded

Length of Tenancy information has been provided by the seller as verbal and written confirmation.

Property Checks

Property Tenure

Verified as Leasehold with 78 years on lease

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Council Tax Band

Council Tax Band: B

Interactive street-level view of the property location and surrounding area.

Ground Rent
TBC
Factor Fees/Running Costs
£263
Total Estimated Costs
£263
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Yearly Net Profit
Current Yearly Rent
£9,000
Annual Capital
Appreciation
£2,060
Yearly Ground Rent
Unknown
Yearly Factor Fee /
Service Charge
£3,156
Other Yearly Costs
None
Indicated
Annual Net Returns
£7,904