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
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Metrics Year-on-Year
- Average area value
- 275,979.00 £Increased by 12.55 %
- Average area rental value
- 1,133.00 £/moIncreased by 12.51 %
- Est rental Yield
- 4.93 %Unchanged by 0.00 %
- Crime Rate
- 8.00 %Unchanged by 0.00 %
Agent Activity
Stoneacre Properties created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Kirkstall St Stephen'S Church Of England (Va) Primary School | Voluntary Aided School | Good | 0.10 KM |
| Kirkstall Children'S Centre | Children's Centre | 0.14 KM | |
| Beecroft Primary School | Community School | Outstanding | 0.88 KM |
| Sacred Heart Catholic Primary School, A Voluntary Academy | Academy Converter | 0.92 KM | |
| Future Horizons Leeds Ltd | Special Post 16 Institution | 0.94 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Back De Lacy Mount | £ 310,000 | 0 | 0.00 KM |
| Tannery Row | £ 0 | 0 | 0.00 KM |
| Peel Square | £ 0 | 0 | 0.00 KM |
| Goitside Walk | £ 0 | 0 | 0.00 KM |
| Bridge Fold | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Headingley | 8498 | HDY | 0.69 KM |
| Kirkstall Forge | 6544 | KLF | 2.51 KM |
| Burley Park | 8500 | BUY | 2.61 KM |
| Bramley (West Yorkshire) | 8496 | BLE | 4.33 KM |
| Horsforth | 8499 | HRS | 4.62 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Morris Lane, Leeds | £ 600,000 | BUY | 5 / 10 | 0.00 KM |
| Morris Lane, Kirkstall, Leeds, LS5 | £ 400,000 | BUY | Unknown | 0.07 KM |
| Hesketh Terrace, Leeds | £ 259,950 | BUY | 5 / 10 | 0.08 KM |
| Norman Row, Kirkstall, Leeds, West Yorkshire | £ 200,000 | BUY | 6 / 10 | 0.10 KM |
| Morris Grove, Kirkstall, Leeds | £ 235,000 | BUY | 6 / 10 | 0.11 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 24 Morris Lane | £ 75,000 | 0.08 KM |
| 30 Morris Lane | £ 175,000 | 0.08 KM |
| 16 Morris Lane | £ 382,000 | 0.08 KM |
| 59 Morris Lane | £ 109,950 | 0.08 KM |
| 20 Morris Lane | £ 500,000 | 0.08 KM |