Monday, 12 December 2016

Fantastic 8 bed semi-detached in Headingley

This huge semi-detached property on Cardigan Road is a great property located in a highly sought after part of Headingley. It appeals to students at all campuses in Leeds and is also an area popular with young professionals. 

The property is split in to two 4 bed flats, each of which boast plenty of space and both come with 2 bathrooms which always puts itself ahead of the majority of 4 beds that usually only come with one.

One of the flats has recently had a brand new kitchen installed so it looks as though it's in a lettable condition as it is but due to the space that comes with this property there is definitely the potential to add en-suite bathrooms to each bedroom in order to boost the rental income. Modern en-suite properties of this size and in this area often go for around £95pppw.

If you spent around £10-15,000 on the property and if you managed to get it for around £375,000 you would be looking at a return of 10% and be safe in the knowledge that it would let out all day long. 

Monday, 5 December 2016

Semi detached house in Headingley with 10% return

This semi detached house on St Annes Road in Headingley is a fantastic property in a brilliant location. It massively appeals to both student and professionals due to it's proximity to Headingley campus and it's position so close to Otley Road. Houses like these never fail to appeal to renters so there wouldn't be any doubt this would rent out all day long. 

If you spend around £8,000 updating the decor, fitting a new kitchen and bathroom suites you could easily achieve a monthly rental income of £2,392. All the rooms are already really good sizes so you wouldn't need to spend time and money on knocking any walls down so it wouldn't take long to get the property looking fantastic so there shouldn't be any void periods. 

The asking price of £290,000 in my opinion is little high so if you were able to haggle it down to around £275,000 you would then be looking at a good return of 10% and you'd have a house that wouldn't struggle to let all year round.