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, 15 April 2016

Safe, ready made investment near Leeds Uni

This apartment in Kelso Heights is on the market with Manning Stainton for £118,999.  We manage three apartments in the block, and because of their proximity to Leeds Uni and the Business School they let very easily each year for £72 per person per week.

It's currently a 2 bed, but it could be quite easily converted to a 3 bed by turning the living room into the third bedroom, and converting the kitchen into a kitchen living area.  It's a little tight, but one of the apartments we manage has this exact layout and we let it each year without any problem to a group of three for £72 pppw or £11,232.

One slight word of caution.  My understanding of the block is that the apartments are not mortgageable - something to do with the structure of the building, so if you need mortgage funding then make sure you ask that question first!

So, whilst not my usual 'refurb to a high standard' property suggestions, it's a very safe investment for those who perhaps don't have the funds available for the bigger student houses that involve the accompanying £50,000+ refurbs to get the yields up over the magic 10% mark.

No comments:

Post a Comment