3 bed end terrace house for sale

Edinburgh Terrace, Armley, Leeds LS12

Summary

This three-bedroom end of terrace property, situated just off Armley Town Street offers superb potential as a buy to let investment with potential to generate between 850 and 900pcm as a single let in a popular rental area, with good transport links and easy access to Leeds City Centre.

The property benefits from a spacious kitchen/reception room providing access to a cellar benefiting from plumbing for a washing machine and dryer, three bedrooms and a family bathroom - all set over 4 floors. There is excellent opportunity for a buyer to carry out further improvements, increasing re-sale and rental value with a potential, post work rental net yield of over 8% as a single let.

The kitchen itself was only installed approximately 4 years ago and features fitted base and wall units incorporating a stainless-steel sink/drainer with mixer tap plus an electric oven with gas hob and overhead extractor. The property has three carpeted bedrooms - 2 doubles and 1 single plus a tiled bathroom which would benefit from some modest improvement. There is scope to extend onto the area to the side of the property STP. Externally can be found ample on street parking.

Situated in the poplar LS12 location, Edinburgh Terrace - situated just off Armley Town Street, offers excellent access to Leeds centre and a number of local amenities. The area is well served by regular transport links and offers good access of the motorway network.
Additional information


Potential Rental Income - 900pcm
C4 Planning: No. We recommend this property is best suited as a single let.
EPC - D

Tenure: Freehold
Heating: Gas Central Heating

Council Tax Band: A
Tenure: Freehold

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.