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53 Kirkstall Lane, Kirkstall, Leeds, LS5 3BE | Guide Price: £189,000

Property Summary

  • Investment Property
  • 4 Flats Producing £16,920 Per Annum Including Services
  • Net Yield After Services Circa 7% - Excellent Growth Potential
  • All Assured Shorthold Tenancies Renewed Earlier In 2019
  • Excellent Location In Developing Area Of Leeds
  • Short Walk To Supermarkets, Pubs, Gym, Etc
  • Close To Train Station
  • Good Investment Opportunity
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Michael Moore, Moores Senior Partner, says:

“This is an area of Leeds experiencing some significant infrastructure improvements. The recent Kirkstall Bridge complex is now complete, and the Kirkstall train station is up and running, with the residential part of the scheme to come ‘on-line’ in the next year or two. Directly across the road from this property is a prime piece of real estate; plans have been approved for a mixed residential/commercial development. Once that’s complete, this part of Kirkstall will be very, very, desirable. I can see rents and capital values rising significantly in the future.”

Rachel Abbott, the Negotiator looking after this sale, says:

“One bedroom flats which are sold as investments typically achieve £75,000 to £100,000 and return between 5.5% and 6.5%. Here’s an opportunity to buy four flats for less than £50,000 each and see an immediate 7% return. The kitchens, bathrooms and decor are reflected in the very reasonable rents being charged. With improvements we could easily see the rents between £400 and £500 pcm. With a few thousand pounds invested in each flat you could achieve a 10%+ return on the capital invested.”

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  • EPC PDF Download View Energy Performance Certificate - opens in a new window > Basement-Flat-53-Kirkstall-Lane-EPC.pdf
  • EPC PDF Download View Energy Performance Certificate - opens in a new window > First-Floor-Flat-53-Kirkstall-Lane-EPC.pdf
  • EPC PDF Download View Energy Performance Certificate - opens in a new window > Ground-Floor-Flat-53-Kirkstall-Lane-EPC.pdf
  • EPC PDF Download View Energy Performance Certificate - opens in a new window > Second-Floor-Flat-53-Kirkstall-Lane-EPC.pdf

From the junction of the A65 Kirkstall Road, Abbey Road, Commercial Road at its junction with Kirkstall Lane by the Morrisons and Kirkstall Bridge shopping complex proceed north up Kirkstall Lane past the Sports Centre towards Headingley. This property can be found on the left-hand side just before the next set of traffic lights set back on the slip road.

A brief history of this area
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  • EPC PDF Download View full property brochure - opens a PDF in a new window > 53-Kirkstall-Lane.pdf

Book a valuation

Whether you’re relocating and need to rent your home out, thinking of extending, doing home improvements or moving home in the near future, the best starting point is a FREE NO OBLIGATION VALUATION from one of our experts. Call 7 days on 0113 274 2033 to book your appointment – no pressure, no hassle, just straight talking, sensible, advice. We’re available 6 days a week for sale and rental valuation advice.

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