Monday, 15 August 2016

Brilliant 3 bed house in Burley with 11% return

Houses of this type are always hugely in demand for professional renters. This spacious 3 bed house located on Wetherby Place on with Moores is a fantastic property that would rent out all day long.

It's ideally located just off Burley Road and with all the main transport links it offers, as well as not being far from Burley Park train station. There are plenty of shops only a stones throw away and it only takes around 10 minutes to get in to Leeds City Centre.

The property itself is already in great condition so there wouldn't be any need to spend any further money on it so it could be rented out straight away. Three beds in this area of this standard rent out for around £1155 per month which would bring in an annual rent of £13,860. If you were able to get the property for around £125,000 that would give you a great return of 11% which would definitely be a great addition to any landlords portfolio.

Monday, 1 August 2016

Brilliant house in Burley with potential for over 12% yield

In it's current condition, this 5 bed house on Stanmore Street wouldn't really knock anyone's socks off but it definitely has great potential. Looking at it, there is quite a bit of wasted and unused space and with some clever 're-jigging' of the current rooms you would create a 6 bed property that would be a sound investment. 

Firstly, it's in an area that appeals to both student and professionals. It's located just a short walk away from Headingley and is also close to all the main transport routes that Burley offers.

You could best make use of the space by converting the unused basement in to two bedrooms with a shared 'Jack and Jill' bathroom. The first floor is far too crowded and the bedrooms are too small in it's current layout so I would suggest taking out the current bathroom and toilet, losing a bedroom on that floor and creating two larger bedrooms with a shared bathroom. On the top floor you would just need to add a 'Jack and Jill' shower room. 

Updating the decor and putting in a new kitchen would really finish it off and you would create a desirable property that would likely let out for around £90pppw. The refurb cost would likely cost in the region of £45k so if you managed to get the property for around £175,000 this would give you great return of over 12%.