Stonebridge Lea, Leeds,

This purpose-built second-floor apartment has two double-sized bedrooms and has recently been tenanted (young professionals) at an increased rental figure of £775.00 per month. 

The apartment is currently managed by a local lettings agent, and as such presents an excellent opportunity for investors seeking a 'hands-free' investment in the central Leeds area. 

The property is situated at the junction with Farnley Crescent and the Leeds ring-road, which gives quick and convenient access to Leeds city centre and the motorway network. Outside the property is a car park with an allocated parking space. The location is convenient to access commuting links via road and bus services to Leeds city centre and a local convenience store and other shops are within 300 metres.

Stonebridge Lea - Investment Highlights
• Purchase price from just £110,000
• 2-bedroom apartment
• 2nd floor (top floor)
• Current rental income £775pcm for 12 Months until 28th July 2024.
• Estimated Gross Rental £9,300pa
• Generating Gross Yield of 7.1%
• NET rental yield 6.2%
• Parking
• Leasehold development (125 years from 2006)
• Service charge - £1,200 per annum
• Ground rent - £200 per annum
• Currently managed by local lettings agent (fees on request)
• Ground rent increases by £200.00 every 25 years. 

Stonebridge Lea, Leeds, - Key Points

Location

Leeds, United Kingdom

Tenure

Leasehold

Completion

Completed development

Rental Yield

7.1% gross rental yield