Property Listing Details

Property details

Description

OVER 7% NET YIELD!! TOTAL INCOME £40,874.56pa FULLY TENANTED & GENERATING IMMEDIATE INCOME Mr Investa are pleased to bring to the market a HIGH YIELDING portfolio of 11 UNITS within the popular and FULLY OCCUPIED student development in Leeds, Lovell Park. These low entry level priced units are AVAILABLE FOR SALE INDIVIDUALLY OR AS A BULK PURCHASE making this ideal to suit all budgets to quickly expand your property portfolio. Lovell Park is located in the north of Leeds city centre just off the A64 motorway, within 1 mile of Leeds Beckett University and a variety of shops, bars, restaurants and cafes. The development is also convenient for public transport including regular bus and train services. These student properties offer an ideal opportunity for buy-to let investors looking for a fully managed hands off investment at an attractive price and offering a lucrative yield. As well as the various flats within Lovell Park, the communal areas comprise; entrance with security intercom access, residents gym, equipped games room, lounge, laundry room, courtyard and car park. Of the 66 fully furnished rooms in the development we have a total of 11 units available for sale in the portfolio. Each flat comprises; private entrance, lounge with double bed, study desk with chair, uPVC double glazed window, electric heater, wall mounted TV and access to an ensuite shower room/WC. These ensuite bedrooms share modern fully fitted kitchens within the building, with appliances included. As the kitchens are communal, any upgrades are not the sole responsibility of the owner, meaning less maintenance cost for a landlord of an ensuite bedroom. Current Financial Performance for the 2023/24 Academic Year Rental Income: £66,430 per annum Service Charge: £14,531 per annum Ground Rent: £3,850 per annum Lettings Fee 9% + VAT: £7,174.44 per annum NET Income: £40,874.56 per annum NET Yield: 7.4% NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa LTD does not accept any responsibility in respect of this information provided.

The Agent

Price history

23-Jan-2024 £550,000 First listed

Want an expert valuation of your home?

Book an agent valuation
Property descriptions and related information displayed on this page are marketing materials provided by the agent. TheSimplyHomes does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact the agent for full details and further information.