Flat for sale in 19 Farnley Crescent, Leeds LS12

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.