Grimthorpe Terrace, Headingley, Leeds

** For Sale by Modern Auction – T & C’s apply ** Ideal Buy To Let Investment ** 5 Double Bedrooms ** Let until 30/06/2025 ** Annual income of £21,378.60 ** Valid HMO Licence ** Highly Sought After Student Area ** Virtual Tour Available **

Starting Bid: £260,000


Brought to you by Haus Sales and Lettings, this 5 bedroom property based in the popular area of Headingley, LS6, could be the perfect property to start your investment journey, to add to your existing portfolio or have as your own home. The property is currently let to 5 tenants until 30th June 2025 so you will be buying a ready made income generator.


With a current rental income of £21,378.60, the rental yield is 6.89% at present but this could be easily increased by making minor alterations, such as upgrading furniture and modernising the property and increasing the rent for future tenancies.


Headingley is a highly sought after area by both student and professional tenants looking to rent, as it is close to universities but also has easy access to Leeds City Centre via bus or train. Grimthorpe Terrace is close to local amenities, bars and restaurants, fast food shops and a local Off Licence on the end if the street.


The property requires a valid certificate of lawful use as it is located in an article 4 direction area however does have full letting history to be able to obtain this and it is being sold with tenants in situ.


The property briefly comprises of:


Ground Floor


As you enter the property, you'll walk in to the ground floor hallway. This provides access to the first bedroom, the kitchen and the stairs leading to the 1st floor accommodation.


Bedroom 1 - 3.20m x 4.56m (10' 6' x 14' 11')


A generous sized double bedroom with large bay window that floods the room with natural light during the day. The walls are painted magnolia and the ceiling is white, grey carpet laid on the floor. The room includes a double bed and mattress, wardrobe, chest of drawers, bedside table and study desk with chair. Gas central heating for heating the room.


Kitchen - 4.17m x 4.11m (13' 8' x 13' 6')


The kitchen has fitted light wood effect base and wall units with black granite effect laminate worktop, stainless steel kitchen sink with draining board, fitted electric oven and gas hob, dishwasher, fridge and freezer and a washing machine. Vinyl flooring installed on the floor and white tiles partially cover the walls, with the remainder painted magnolia. A rear facing window fills the room with sunlight during the day and there is an external door that leads to the rear garden. There is a fire door that leads to the basement area of the property.


Basement


Living Room - 4.18m x 3.42m (13' 9' x 11' 3')


Walk down the stairs from the kitchen to access the communal living room, with a rear facing window the room gets plenty of natural light, despite being in the basement. Grey carpet laid on the floor and magnolia painted walls with white ceiling creates a comfortable and cosy living room for tenants to relax in after a hard day studying or working. The two sofas and arm chair offer sufficient seating for 5 tenants plus visitors. Heated by gas central heated radiator.


WC - 0.82m x 1.61m (2' 8' x 5' 4')


The WC is conveniently placed and accessed via the living room. This offers the tenants easy access to a toilet and means that they don't have to walk up two flights of stairs to use the bathroom. Including a WC and utility sink with hot and cold running water. The walls are painted magnolia and the flooring is vinyl. There is a mechanical extractor fan installed.


Storage Room - 1.71m x 3.67m (5' 7' x 12' 0')


This room is basically an area of the basement that is unconverted and is currently used for the tenants to store their Christmas tree and other items that only need occasional use.


First Floor


Bedroom 2 – 4.18m x 3.65m (13’ 9” x 12' 0”)


A bright and spacious bedroom with magnolia walls, white woodwork and ceiling and teal carpet. A double bed and mattress, chest of drawers, wardrobe, shelving unit and study desk with chair are all included in this room. Large front facing window and radiator powered by gas central heating. Original cast iron fire place remains in this room as a feature only and can not be used as a fire.


Bedroom 3 – 2.83m x 3.32m (9’ 3” x 10' 11”)


A good sized bedroom with magnolia walls, white woodwork and ceiling and teal carpet. Provided with a double bed and mattress, chest of drawers, wardrobe, shelving unit and study desk with chair. Large rear facing window and radiator powered by gas central heating.


Bathroom – 1.25m x 3.32m (4' 1' x 10' 11')


Cream vinyl flooring with white walls and ceiling, white ceramic times around the bath and hand basin, makes this bathroom feel fresh and easy to keep clean. With three-piece white bathroom suite, including WC, bathroom sink with hold and cold taps and bath with over bath shower and curtain. Extractor fan installed. The heated towel rail is powered by the gas central heating.


Second Floor


Bedroom 4 – 4.19m x 3.71m (13' 9' x 12' 2')


Double bedroom with space for a double bed, desk and chair, bedside cabinet, chest of drawers and a wardrobe. The small dormer window provides ample natural light. Walls are magnolia and the floor has a teal carpet laid. Gas central heating radiator provides heat to this room.


Bedroom 5 – 4.19m x 3.13m (13' 9' x 10' 3')


Good sized bedroom with magnolia painted walls, white woodwork, white ceiling and teal carpeted flooring. Furniture including, double bed, chest of drawers, desk with chair and a wardrobe. Skylight window and gas central heating radiator.


External


To the front of the property there is a low perimeter wall to the front with a grassed area ideal for sitting out in the sun and a concrete path leading to the steps to the front door. There is a small concrete area at the rear which is ideal for a BBQ in the summer months. Parking is available on the street with no permit required.


Council Tax Band: C


EPC Rating: E



Agent Note

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.


The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

Contact us today to arrange a viewing and secure this high-demand property in one of Leeds most popular student and professional areas.