This property is no longer on the market
2 bedroom apartment
Key information
Property description & features
- Tenure: Leasehold
- Ready Made Investment
- Spacious 2 Bedroom Apartment
- Top Floor
- EPC - B
- Rented AST until March 2023
- High Demand Area
- High Occupancy Rates
- Parking
- Excellent Commuter Links
- Idyllic Morley Location
*INVESTMENT OPPORTUNITY* A spacious 2 bedroom, 2 bathroom top floor apartment. Ideally situated close to the Railway Station and motorway networks, this property boasts excellent occupancy rates and high rental demand. Currently rented on an AST until March 2024.
In brief the property comprises, a large open plan kitchen living space with light flooding in through 3 windows and a Juliet Balcony; the kitchen boasts gas hob, ample wall and floor units and space for a undercounter washing machine and freestanding fridge/freezer. The first bedroom is a generous double with built in wardrobes and en-suite shower room. Additionally, there is a second double bedroom and a house bathroom. The apartment also benefits from an allocated parking space.
Situated in the popular Morley area of Leeds, this two bedroom apartment is a popular choice for commuters. The property boasts excellent commuter links with Churwell Railway Station less than 3 miles away, as well as J27 of M62 less than 1 mile from the property, thus providing excellent links to Leeds City Centre, Manchester, Sheffield and beyond. Ample Bus links are also on the doorstep, making this excellent property a no brainer for renters.
Rented to a single occupant through HOP on an AST until 11/03/2024.
Current Rent £650pcm achieving a 5.4% gross net yield. We expect a rental income of £795pcm to be achievable moving forward, which would increase gross net yield to 6.5%.
Leasehold
979 years remaining
Ground Rent: £82pa
Service Charge: £1,270pa
HOP is a multi award winning Estate Agency. Creating happy homes is very much at the heart of our business. Whether it’s a home to buy, sell or rent, homes are very much where our heart is.
EPC Rating: C
Places of interest
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*DISCLAIMER
Property reference 09c2bd32-20e0-4d0a-8cd7-0e4c504eebfd. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by HOP - Horsforth.
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Broadband availability and predicted speed: obtained from Ofcom on January 27, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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