This end-terrace property features four bedrooms and is situated at the edge of a quiet cul-de-sac, providing a peaceful atmosphere while being conveniently located within walking distance of Leeds City Centre and the main universities. Its strategic location makes it an attractive option for continued rental investment, or for parents looking to secure accommodation for their children attending university.
Currently let until August 31, 2025, this property generates an annual income of £16,167, which includes water and broadband services. However, there is significant potential for increased rental income by maximizing occupancy; converting the current setup to accommodate four tenants could yield over £21,000 annually.
A notable feature of this property is its extensive basement, which presents a valuable opportunity for renovation into additional living space. With appropriate permissions and HMO licensing considerations, there’s potential to transform this area into further accommodation, possibly creating a six-bedroom layout. The ground floor includes a lounge and dining kitchen that welcomes social interaction, while two bedrooms and essential bathroom facilities are located on the first floor. The top floor offers two additional bedrooms with dormer windows; there's enough room to create a 'Jack & Jill' shower room with some adjustments.
Additionally, on-street parking is available under a residents’ permit scheme. This property not only stands out as a solid investment in the current rental market but also opens up avenues for creative redevelopment that could significantly enhance its value. Viewing is recommended to fully appreciate what this well-positioned home can offer both as it currently stands and with future improvements in mind.
