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22 Trelawn Cres, Headingley, Leeds LS6 3JW, ls29 8er
£280,000 Guide Price
Bedrooms
Bathrooms
Reception
INVESTMENT OPPORTUNITY, 5 BEDROOMS WITH 23,400k P/A INCOME
LET UNTIL SUMMER 2025
TENANTS PAY THE UTILITY BILLS IN ADDITION TO THIS RENTAL FIGURE
CERTIFICATE OF LAWFUL USE IN PLACE
A prime student letting hot spot and the property benefits from a 5 double bedrooms, kitchen, lounge, 2 bathrooms and external space. The rental return could be increased with some cosmetic improvements to the property over time.
A VERY ATTRACTIVE INVESTMENT OPPORTUNITY, BENEFITING FROM AN OPPORTUNITY TO INCREASE RETURN & URGE EARLY VIEWING TO AVOID DISAPPOINTMENT!
The sale of the property is subject to the buyer retaining the current letting agents management for at least the tenancy agreements already in place. We have been advised by the vendor that the property has been let to 5 tenants for over 10 years, tenancy agreements and a Certificate of Lawful use are in hand.
Possession: Subject to existing tenancy agreements. Vacant possession 27th June 2025 although the property is currently bring remarketed for 2025-26 academic year.
PLEASE NOTE The extent of the property and its boundaries are subject to verification by inspection of the title deeds. The measurements in these particulars are approximate and have been provided for guidance purposes only. The fixtures, fittings and appliances have not been tested and therefore no guarantee can be given that they are in working order. The internal photographs used in these particulars are reproduced for general information and it cannot be inferred that any item is included in the sale. VIEWING ARRANGEMENTS Strictly by prior appointment with Silverspring Sales & Lettings Ltd.
TENURE: We are advised by our client that the property is FREEHOLD.
MONEY LAUNDERING REGULATIONS Money Laundering Regulations (Introduced June 2017). To enable us to comply with the expanded Money Laundering Regulations we are required to obtain identification from prospective buyers once a price and terms have been agreed on a purchase. Buyers are asked to please assist with this so that there is no delay in agreeing a sale.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
22 Trelawn Cres, Headingley, Leeds LS6 3JW, ls29 8er
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