6 bed end terrace house for sale

Edinburgh Grove, Leeds, West Yorkshire LS12

This vacant freehold six bedroom HMO with C4 planning permission and HMO licence is offered for sale via traditional auction. The property is a large freehold end terrace in the established West Leeds district of Armley, around two miles from Leeds city centre. The property is arranged as six bedrooms served by two shared bathrooms, with a lounge/dining room, kitchen and a basement currently used as a utility room. Some refurbishment is required, with clear scope to add value.
Potential uses

The size, layout and existing consents suit a range of strategies:
* Refresh: Cosmetic works and let in its current six bed form
* Upgrade: Add en suites and/or kitchenettes to command higher rents
* Supported living: Room sizes and layout suit a supported housing scheme

Projected gross rent (seller's estimate):
After refresh of existing layout: £34,800 pa
After full renovation and inclusion of en suites: £45,300 pa
Location

Popular with investors, with strongs and local
amenities within walking distance, and good links into Leeds city centre.

Accommodation

Lower Ground Floor

Storage/room.

Ground Floor

Lounge, kitchen and two bedroomss.

First Floor

Two bedrooms and bathroom.

Second Floor

Two bedrooms and bathroom.

Externally

Front, side and rear yard.

Additional Information

Council Tax

Band B.

EPC

Rating E.

Tenure

Freehold.

Charges & Payments

In addition to the deposit
Administration Charge: 1.5% inc VAT of the purchase price subject to a minimum of £2,100 inc VAT.
Searches £360 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.