The Leeds Student Rental Market Property Blog

This blog follows the student buy-to-let market in Leeds from the LANDLORDS point of view. You'll find tips, guidance, and analysis that relates specifically to Leeds and you'll also find student properties from all the estate agents in the town on here that may make decent investments. I operate Springwell Easylet in Leeds and if you're thinking of buying a property to let in Leeds to students, as I don’t sell property (just rent them) I'm happy to offer a second unbiased opinion

Friday 14 August 2015

Potential for 10% return in Headingley, with more down the line!



This 7 bed on Estcourt Terrace has just been refurbished, and from the sound of it was done late and largely missed the boat for the 15/16 academic year. 

Looking at the layout and pictures, it looks in good condition and I see no reason why you shouldn't be able to get £79pppw for next year which would bring in a rent of just under £29,000 so nearly 10% as it stands at the moment if you were to pay full asking price.

I think there is potential at some point in the future to convert the basment and put extra bedrooms down there, or put the kitchen and lounge in the basement and convert the existing lounge and kitchen to additional bedrooms.  So you could possibly get a 9 bed out of it, which at the same rent of £79 would bring you in around £37,000 per annum. 

There's no rush to do this though - as I've said above you could continue as a 7 bed and bring in 10%, and then in 4 or 5 years time when the house needs modernising again, add the additional rooms then.