4 bed terraced house for sale

Recreation Terrace, Leeds, West Yorkshire LS11

This four bedroom, double fronted, back to back end terrace is offered for sale via traditional auction. The property is currently fully occupied as a small HMO generating £19,517 gross rental income per annum. This reflects a 19.71% gross yield return based on the guide price, making this a great addition to a rental portfolio.

Situated within easy access to motorway links such as the M62 and M1. Leeds city centre is only a short distance away boasting its wealth of amenities.

Please note that the property is located within the Article 4 area of Leeds, however this property has been let as a HMO consistently for 10+ years, proof of this will be reflected within the legal pack. Additionally, the landlord pays the gas bills for the property with tenants paying for their own electric.

Accommodation

Ground Floor

Bedroom and kitchen

First Floor

Two bedrooms (one not inspected) and a shower room

Second Floor

Bedroom and lounge area

Additional Information

Council Tax

Leeds City Council - Band A

EPC Rating

C

Tenure

Freehold

Charges And Payments

In addition to the deposit
Administration Charge: 1.2% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT.
Searches £300 inc VAT

Disbursements

Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.