Morris Lane, Leeds
ST

Morris Lane, Leeds

By Stoneacre Properties

£ 600,000

Reviews

2 out of 5 stars

Stoneacre Properties says ..

*** RARE OPPORTUNITY TO ACQUIRE A READY MADE INVESTMENT OF 5 FLATS *** PURCHASE OF THE FREEHOLD *** GREAT LOCATION *** CURRENT ANNUAL RENTAL INCOME OF £39,840 *** Stoneacre Properties are delighted to present to market this unique chance to purchase this block of 5 well presented apartments. All ...

Property Oracle says ..

This listing presents a ready-made investment opportunity in the form of a five-apartment block located on Morris Lane in Kirkstall, Leeds. The property benefits from what appears to be recent modernization. The provided photographs showcase well-presented interior spaces with modern kitchens and bathrooms in each apartment. The location offers good access to public transport, with Headingley train station less than a kilometre away and Kirkstall Forge station within reasonable distance. The proximity of Kirkstall St Stephen’s Church of England Primary School might be appealing for families. However, the listing lacks crucial information such as the exact size of each apartment (sqft) and the plot size, which are important factors in making a comprehensive assessment. The absence of these details hinders an accurate evaluation of the value for money and overall investment potential. While the current rental income is substantial (£39,840 annually), potential buyers should undertake a thorough due diligence process to verify the sustainability of this revenue and assess the long-term investment return relative to the purchase price.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
8
Location
7
Land
1
Bedrooms
0
Bathrooms
0

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
275,979.00 £
Increased by 12.55 %
from 245,199.00 £
Average area rental value
1,133.00 £/mo
Increased by 12.51 %
from 1,007.00 £/mo
Est rental Yield
4.93 %
Unchanged by 0.00 %
from 4.93 %
Crime Rate
8.00 %
Unchanged by 0.00 %
from 8.00 %

Agent Activity

  • Stoneacre Properties created the listing.

Nearby Schools

NameTypeOfstedDistance
Kirkstall St Stephen'S Church Of England (Va) Primary SchoolVoluntary Aided SchoolGood0.10 KM
Kirkstall Children'S CentreChildren's Centre0.14 KM
Beecroft Primary SchoolCommunity SchoolOutstanding0.88 KM
Sacred Heart Catholic Primary School, A Voluntary AcademyAcademy Converter0.92 KM
Future Horizons Leeds LtdSpecial Post 16 Institution0.94 KM

Images

Flat 1 Flat 1 Flat 1 Flat 1 Flat 1 Flat 2 Flat 2 Flat 2 Flat 2 Flat 2 Flat 3 Flat 3 Flat 3 Flat 3 Flat 4 Flat 4 Flat 4 Flat 5 Flat 5 Flat 4 Flat 5 Flat 5

Nearby Streets

NameAverage PriceAverage SqftDistance
Back De Lacy Mount £ 310,00000.00 KM
Tannery Row £ 000.00 KM
Peel Square £ 000.00 KM
Goitside Walk £ 000.00 KM
Bridge Fold £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Headingley8498HDY0.69 KM
Kirkstall Forge6544KLF2.51 KM
Burley Park8500BUY2.61 KM
Bramley (West Yorkshire)8496BLE4.33 KM
Horsforth8499HRS4.62 KM

Nearby Listings

AddressPriceTypeScoreDistance
Morris Lane, Leeds £ 600,000BUY5 / 100.00 KM
Morris Lane, Kirkstall, Leeds, LS5 £ 400,000BUYUnknown0.07 KM
Hesketh Terrace, Leeds £ 259,950BUY5 / 100.08 KM
Norman Row, Kirkstall, Leeds, West Yorkshire £ 200,000BUY6 / 100.10 KM
Morris Grove, Kirkstall, Leeds £ 235,000BUY6 / 100.11 KM

Nearby Properties

AddressPriceDistance
24 Morris Lane £ 75,0000.08 KM
30 Morris Lane £ 175,0000.08 KM
16 Morris Lane £ 382,0000.08 KM
59 Morris Lane £ 109,9500.08 KM
20 Morris Lane £ 500,0000.08 KM