1 bedroom flat for sale
Key information
Property description & features
- Tenure: Leasehold (989 years remaining)
- * Investors Only *
- Ground Floor Studio Flat in Sought After Hyde Park
- Currently Let Until June 2025 at £750pcm
- Gross Yield of 12% - Higher than the Average for the Area
- Modern Fixtures & Fittings
- Walking Distance of Universities, Business School & the City Centre
- No Onward Chain
- Internal Viewing Highly Recommended
GENERAL
Forming part of a large Victorian conversion and located on a much sought after road in Hyde Park, this upper ground floor apartment is let on an Assured Shorthold Tenancy until 30 June 2025. The tenant pays £750pcm excluding bills, providing a buyer with a gross yield of approx. 12%. Presented to the market with the benefit of NO ONWARD CHAIN, the property has electric panel heating and timber framed single glazed windows; and comprises one main room which has living, bedroom and kitchen areas, and a separate shower room. There are communal gardens fronting Moorland Road and some off road parking at the rear. Permit parking is in operation in this area, due to its close proximity to the city centre and Universities etc, and we understand a permit can be applied for from Leeds City Council. This property is stylishly presented throughout, with modern fixtures and fittings, and we’ve no doubt this will be an attractive addition to an existing portfolio or a great start to any new investors wishing to enter the vibrant Leeds student lettings market. EARLY VIEWING RECOMMENDED.
AREA
Moorland Road is located in the prime letting area of Hyde Park, on the fringe of the city centre and within very easy reach of the Universities, Business School and Hospitals. The Woodhouse/Hyde Park area is a diverse suburb approximately 1 mile from the city centre, and is very popular with students (being so close to campus). The open spaces of Woodhouse Ridge and Hyde Park are close by, as are a number of independent shops and restaurants.
UPPER GROUND FLOOR
COMMUNAL ENTRANCE
Having steps up from ground floor level, Flat 11 is immediately on the left side on entering the building.
MAIN ROOM
This is a generous room which has lounge, kitchen and bedroom areas. The lounge and bedroom areas have hard wood-type flooring, with a tiled floor in the kitchen area. There is a large floor to ceiling bay window at the front of the room, providing a perfect little nook for a desk and chair. The kitchen is fitted with modern units and worktop with splash wall tiling above. There is an integrated electric hob/oven and extractor hood above, and a plumbed washing machine and an under counter fridge/freezer. At the rear of the room is the bedroom area, which is nicely tucked away from the lounge and kitchen.
SHOWER ROOM
Comprising a shower cubicle with an electric shower and wall tiling, a low level WC and a pedestal washbasin with splash tiling above.
OUTSIDE
The property benefits from communal garden space fronting onto Moorland Road, and there is some off road parking at the rear. Permit parking is in operation in this area, and we understand permits can be applied for from Leeds City Council.
MATERIAL INFORMATION:
TENURE
Leasehold for a term of 999 years from 2015.
SERVICE CHARGE
Our seller informs us that the service charge for 2024 is £1259.08.
GROUND RENT
Our seller informs us that the ground rent is £250 per annum.
SERVICES
The property has mains electricity, water and drainage/sewerage, which were connected and working at the time of our inspection.
BROADBAND/MOBILE SIGNAL & COVERAGE
BROADBAND is available in this area / MOBILE SIGNAL & COVERAGE is available in this area.
FLOOD RISK & PLANNING PERMISSION
FLOOD RISK – not known to be an issue / PLANNING PERMISSION – none in the immediate area.
COUNCIL TAX BAND A
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Broadband availability and predicted speed: obtained from Ofcom on January 4, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 4, 2022
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Energy Performance data and Internal floor area
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