2 bed flat for sale

Leylands House, 56 Mabgate, Leeds, UK LS9

Leylands House, 56 Mabgate, Leeds, UK, Ls9 7Ea

An exciting opportunity for investment in one of the cities most desirable areas of the city, Leyland House is perfectly situated in Leeds Northern Quarter with an abundance of amenities within easy reach. This high specification apartment forms part of a modern block of apartments just a 10-minute stroll to the city centre. Tenanted for immediate income and producing an excellent return above 6.74% net with high tenant demand, this investment ticks all of the boxes.

Positioned on the third floor, this luxurious apartment consists of a spacious open plan living space with Juliette balcony, hard wood flooring and spotlight lighting. The kitchen is fully fitted including integrated appliances and breakfast bar. Both bedrooms are large doubles with floor to ceiling windows and ensuite shower rooms.

Leeds is a hotspot for property investment offering superb rental yields, affordable prices, a rapidly growing population and strong rental demand. The city has a booming economy only second in the UK to London and is only set to continue to prosper in the future with one of the largest projects of regeneration in Europe underway, the South Bank project will double the size of the city centre and is expected to create over 35,000 jobs by 2028. This will inevitably increase the demand for rental properties meaning that now is the perfect opportunity to invest in property in Leeds. Don’t miss out and enquire today.

Please note, lettings and management fees may apply. This property may fall within a selective licensing area where charges may apply.

Financial Breakdown

Gross Rent: £15,000.00
Net income: £12,804.00
Gross yield: 8.33%
Net yield: 7.11%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-07804