0 bed Block of flats (for sale) Pennington Place, Leeds LS6

£1,550,000
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Danhamz
13 The Crescent, Hyde Park, Leeds
0113 482 9964
First Published

20th Apr 2019

Last Published

11th Sep 2019

 

Features

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

Description

Exciting & Superb Investment Opportunity with Rental Guarantee (Optional) - Student Accommodation or Professional - Situated 5 minutes walk to University and 10 minutes walk to City Centre in the area of Woodhouse, Leeds. 25 Large Double Bedsits with individual washing facilities. Large development with potential to increase rental yield via refurbishment.

Currently fully let and achieving £110,000 p.a (approx 7% rental yield at £85.00 per room per week.
With minor refurbishment expected rental income £149,500 (approx 10% rental yield at £115 per room per week).
With major refurbishment expected rental income £195,000 (approx 12% rental yield at £145 per room per week)
With potential Conversion to studios Expected rental Income £210,000 (approx 13% rental yield at £165 per room per week)

rental guarantee & income security - for 3 Years based on using current Letting Agents (danhamz) (T&Cs Apply) - £100,000p.a

Disclaimer:
These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.


Viewing


Viewing strictly by appointment through Danhamz

 

Local info for LS6

Floor plan

 

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

5 bed Detached house () Overland Crescent, Apperley Bridge, Bradford BD10 £349,950
3 bed Semi-detached house () Croftlands, Batley, West Yorkshire WF17 £160,000
4 bed Detached house () John Nelson Close, Birstall, Batley, West Yorkshire WF17 £225,000
3 bed Semi-detached house () Belmont Avenue, Otley LS21 £235,000
2 bed Town house () Haigh Moor Avenue, Tingley, Wakefield, West Yorkshire WF3 £155,000
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