No longer on the market
This property is no longer on the market
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Floorplan
Map1 bedroom apartment
Key information
Features and description
- For sale by auction on the 13th December 2023
- Guide price £130,000
- Converted end trerrace
- Two 1 x bedroom flats
- Generating £14,400 per annum
- Great addition to an investors portfolio
Video tours
Each apartment is currently rented for £600 PCM generating a gross rental income of £14,400 per annum returning over an 11% yield based on the guide price.
The vendor has advised that during his ownership he has made serveral improvements to the property, this includes: central heating system and bathroom change in 40a Louis Street and electric storage heater fitted in 1 Dodgson Avenue. Both properties have had exterior wall and ceiling insulation installed last year as well as some of the single glazed wooden windows replaced with UPVC double glazed windows.
The property is located just off Chapeltown Road and therefore offering access into Leeds City Centre as well as all amenities at both Chapeltown and Chapel Allerton.
Rooms
ACCOMMODATION
Ground Floor 40a Louis Street
1 bedroom flat: Living room, kitchen, bedroom and shower room
First Floor 1 Dodgson Avenue
1 bedroom flat: Living room, kitchen, bedroom and bathroom
Additional Information
Council Tax
Leeds city council - Tax Band A (both flats)
Charges and Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT.
Searches £240 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.
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