BEST & FINAL OFFERS REQUIRED - Monday 29th January at 9am.
Dwell Leeds are pleased to offer this large and characterful 4 bedroom through terraced property on an excellent street within the ever popular area of Woodhouse. The property has been continuously let as a HMO since 2012 let producing £16,860pa gross/£13,308pa after bills and council tax.
LOCATION LOCATION Cliff Mount is an attractive leafy street in the popular Leeds suburb of Woodhouse. Being close to the city centre and the university and having a cosmopolitan vibe, this is a uniquely popular location with high demand from both professionals and students. The city centre is just 1.5 miles from the doorstep, making this an easy walk from the property.
INVESTMENT The property has been let continuously as a HMO since 2012 when the Leeds Article 4 restriction was imposed. Although C4 planning is not currently in place, we believe the successful buyer will be able to apply for a Certificate Of Lawfulness with Leeds City Council should they wish. Dwell Leeds are in possession of AST's relating to these tenancies should they be required. The property is currently let room-by-room to 4 individual young professional tenants, 3 of which are on statutory periodic tenancies. The gross rent is currently £16,860 pa gross and approximately £13,300 pa after bills and council tax giving a very healthy return. The property has been managed successfully by Dwell Leeds since December 2014. There is scope for improvements – for example the kitchen and bathroom would benefit from upgrades, which would increase the rent levels, should the purchaser wish to do so. That said the property is in good condition throughout with no immediate works being required.
ACCOMODATION This excellent property is arranged over 3 floors of living accommodation plus a large cellar. Having a great deal of character, the property has high ceilings and very spacious rooms throughout.
Briefly comprising the following.
Entrance hall Solid wooden external door. Security gate.
Lounge Large bay window and high ceilings and cornice.
Kitchen A very spacious kitchen-diner ideal for entertaining. Pine wall and base units. Partially tiled walls and splashbacks. Recessed and painted units with timber doors. Walnut effect laminated wok surfaces. Vinyl flooring. uPVC double glazed windows. Central heating radiators
Bedroom 1 (rear elevation) Carpeted floor. uPVC double glazed windows. Central heating radiator. Lockable door with thumb turn lock
Bedroom 2 (front elevation) Carpeted floor. uPVC double glazed windows. Central heating radiator. Lockable door with thumb turn lock
Bathroom Modern white 3 piece suite with shower attachment over bath and vinyl flooring. Frosted uPVC double glazed windows. Central heating radiator
Bedroom 3 (rear elevation) Carpeted floor. uPVC double glazed windows. Central heating radiator. Lockable door with thumb turn lock
Bedroom 4 (front elevation) Fitted storage units including wardrobes, drawers, and desk. Carpeted floor. uPVC double glazed windows. Central heating radiator. Lockable door with thumb turn lock
Cellar Large cellar rooms ideal for storage and possible conversion subject to planning. Combination boiler. RCD circuit breaker.
Small low maintenance front garden area which is pebbled. Rear yard which is paved with surrounding brick walls and timber gate. Ample unrestricted parking is available on street.
Ideal for investors
Hugely popular area for professionals and students
Close to £17k gross income pa
Close to universities
Close to city centre
Characterful and spacious through terrace
Gas central heating and double glazing
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The Price of the property
£ Property is a buy to let or second home
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