Monday, 28 December 2015
Very high spec 1 & 2 bed terraced property in Burley with 9% yield
You get 2 for 1 with this great terraced property on Woodside Place in Burley. You get a fantastic 2 bed house which has been done out beautifully and below that you get a 1 bed flat that's been finished to just the same high standard.
Both 1 & 2 bed properties are of high demand in this area to professional renters and I would foresee no difficulty at all in both of these properties being rented out. Not only is it done out so well (so no need to have to spend any money on it to get it rented out!), it's located in between Burley Road and Kirkstall Road so it's close to main transport links with buses every few minutes and close to Burley Park train station. It takes less than 10 minutes to get in to Leeds City Centre and is only a walk away from Cardigan Fields which houses a cinema complex, gym, shops, restaurants and bars.
As the add says, you'd more than likely achieve £750pcm for the 2 bed and £450pcm for the 1 bed. You're very unlikely to have any void periods with such high standard properties so you'd be looking at a very solid investment and if you managed to get them for around £160k you'd be looking at a return of 9%.