Monday, 16 January 2017

Beautifully done out house in Burley with potential 11% return

This beautifully done out 3 bed property on St Anns Avenue offers the best of both worlds to an investor. It's already in a fantastic condition so could be rented out straight off the bat but there is also great potential for converting the basement in to another bedroom. 

It's in a great location that appeals to both students and professionals as it's just off Burley Road  and is in close proximity to Burley Park train station and regular bus services into Leeds City Centre. 

The Kirkstall Bridge Shopping Park is just a short journey away and there are great shopping and leisure facilities available on Kirkstall Road.

The property itself has been recently refurbished as well as having had a new boiler recently also. It could very easily be rented out straight away as it is although I would definitely recommend converting the basement to create a fourth bedroom with an additional bathroom. This work

A property of this standard, if rented out to 4 tenants could achieve £18,720pa so if you managed to get the property for around £150,000 and then spend around £10k on the work then you would get a return over 11% and a fantastic property. 

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