£99,950
Bridge House
- 1 bed
£99,950
- 1 bed
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The property consists of open plan kitchen/diner and living room. The kitchen is modern with built in oven, electric hob and fridge, freezer. Plenty of cupboard space both above and below with ample work surface space. The living/dining room is a good space with room for a sofa suite and additional furnishings with space for a dining table. The bedroom is bright and modern with ample space for a double bed. The bathroom includes a walk-in shower, toilet, and wash basin.
The development, in Leeds Southbank, is situated just 3km South of the flourishing City Centre. The stunning development comprises 29 one-bedroom apartments, efficiently spread out across three storeys, to maximise both space and comfort. Conveniently located just outside of Leeds City Centre, this development has great access to all that the city has to offer, whilst maintaining the peaceful atmosphere South of the centre.
The property would be ideal for a cash buyer due to the possible difficulty in securing a mortgage on the development due to it being investor heavy.
INVESTMENT INFORMATION
- Full address: Flat 109, Bridge House, Balm Road, LS10 2BJ
- Asking price: £99,950
- 1 Bedroom apartment
- Tenure: Leasehold (248 years remaining)
- Service charge: £1,400 per annum
- Ground rent: £108 per annum
- Current rental income: £800pcm (annual income £9,600)
- Gross yield: 9.6%
- Net yield: 8.1%
- Bedrooms: 1
- Bathrooms: 1
- Comes with the current furniture
- Sqft: 377
- Parking: Yes, tenant only parking
- Currently self-managed
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