0 bed Block of flats (for sale) Hyde Park Road, Leeds LS6

£2,000,000
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Danhamz
13 The Crescent, Hyde Park, Leeds
0113 482 9964
First Published

19th May 2017

Last Published

17th Apr 2018

 

Features

  • Type: Block of flats
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

Danhamz are delighted to offer this spectacular investmnet opportunity of a currently tenanted block of 38 bed spaces spread across 11,3 and 4 bed cluster flats, with full planning permission for a new modern block of 53 high quality bed spaces split over a mixture of both student and professional accommodation. Ideally situated in Hyde Park close to the Universities and Leeds City Centre.

Each flat is currently rented out to students at £78 per room per person (£155,000 per Annum at present) giving a rental yield of approx 8%.
Subject to quality of the new build the potential after rebuild is £220,000 per annum. (giving a rental yield of 11%)

Rental guarantee is also available through Danhamz.(To be discussed)

 

Local info for LS6

 

Property Value Data/Graphs for LS6

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Terraced house 31.6% £228,046 3.9 1
Semi-detached house 15.8% £249,194 3.1 0.8
Flat 14.6% £160,193 1.9 0.7
Studio 12% £91,482 0 1.2
Detached house 7% £492,259 4.2 1
End terrace house 5.7% £156,661 2.9 1
Mews house 3.8% £196,667 3.5 0
Other 2.5% £273,750 2.5 0.5
Detached bungalow 1.3% £255,000 2 0.5
Cottage 1.3% £330,000 3 0.5
Semi-detached bungalow 1.3% £185,000 2 0.5
Lodge 0.6% £699,999 5 0
Bungalow 0.6% £175,000 2 0
Link-detached house 0.6% £269,500 2 0
Retail premises 0.6% £35,000 0 0
Block of flats 0.6% £2,000,000 0 0

Area Information

Average Price Paid

£200,470

Sales

3015

Current Average Value

£233,380

Value Change

£32,910 16.4%

 

Current Asking Prices in LS6 Average: £233,380

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £146,238 (4) £173,550 (29) £215,424 (29) £278,033 (27) £418,325 (12)
Flats £60,498 (4) £177,203 (17) £214,998 (2) - -
All £103,368 (8) £174,900 (46) £215,396 (31) £278,033 (27) £439,992 (13)

Nearby Properties

2 bed Flat () Equity Chambers, 40 Piccadilly, Bradford, West Yorkshire BD1 £79,950
4 bed Detached house () Spinners Way, Scholes, Cleckheaton, West Yorkshire BD19 £300,000
2 bed Flat () 11 Scoresby Street, Bradford, West Yorkshire BD1 £75,000
2 bed Detached house () New Road East, Scholes, Cleckheaton, West Yorkshire BD19 £195,000
3 bed Terraced house () 323, New Hey Road, Bradford, West Yorkshire BD4 £117,950
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