Michael Moore, Moores Senior Partner, says:
“We sold this to our current client many years ago. The previous owner had been letting this as an HMO for years before that. This is an established student letting area, predominantly due to the short walk across the park to the Beckett Park University Campus, but in recent years I’ve seen more and more of these HMO’s being let to professional tenants; there’s clearly a growing demand for affordable accommodation for young professionals. With double the demand and the recent Tenant Fee Ban introduced by Government, I can see rents rising substantially for this type of accommodation over the next few years.”
Kristy Marsden, the Negotiator at Moores looking after this sale, says:
“Many of the investment properties for sale in the area are returning headline yields of 8% and less, which is why many are not selling. This client has taken Michael’s advice and is realistic in offering this with a 9% yield, coupled with the prospect of some rental growth.”
From the centre of Headingley by the Headingley Central shopping centre (on the left) proceed south along the A660 Otley Road turning right at the first set of traffic lights into North Lane. Follow the road around to the left and continue through the traffic lights at Cardigan Road onto Kirkstall Lane. With the famous cricket ground on your left continue through the lights at the pedestrian crossing and take the third right after the crossing into Estcourt Avenue. Continue up Estcourt Avenue, over the junction with Canterbury Road, over the next junction with Canterbury Drive and at the next junction (Ash Road) continue diagonally across to the left into Rokeby Gardens, where this property can be found on the right-hand side.A brief history of this area
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