30 November 2020

ARE you thinking of investing in property around Horsforth? The following case study shows how much demand there is for the right property.

Station Road, Horsforth, LS18 5NR | £850pcm
A well-presented and tastefully refurbished end-terrace property located in central Horsforth. 



This extended two-bedroom property has recently been refurbished throughout whilst retaining many of its original features. 
 


The ground floor comprises the entrance hall, a kitchen with stylish base units and countertops and integrated appliances, a bathroom with cast iron wall radiator and roll top bath, a dining room with built-in alcove storage and reading corner and a living room with access to the rear garden. 



To the first floor is a stylish master bedroom with WC and a second double bedroom with additional storage and extendable ‘day bed’. To the second floor is a spacious attic room with dormer extension which creates an ideal work from home area. The property also has cellar storage. 
 
To the rear of the property is a large south-facing garden with a lawned area and raised decking. The property also benefits from double glazing and permit parking as well as gas central heating and a recently fitted boiler approximately 12 months old.  
 
The lettings process
 
We listed the property on Friday 20th November and received over 50 enquiries within 24 hours of it being on the market. From this, we received 18 applications which the landlord reviewed and chose 4 applicants to view the property. 
 
Viewings then took place on the 26th November and a let was agreed on the 27th.   
 
We now have 17 applicants looking for similar properties.
 
Investment properties 
 
We have selected a number of properties currently available in the area that we think would make a suitable investment.



New Adel Lane, Leeds
Asking price: £110,000
On the market with: Dacre, Son & Hartley
Potential rent: with refurbishment works potential rent of £650 (6.2% yield allowing for £15k refurbishment cost, 6.5% yield allowing for £10k refurbishment cost)
Description: A two bedroom first floor apartment situated in this pleasant and convenient location of Adel in large communal gardens, attractive aspect with street parking at the front.
 


King George Avenue, Horsforth 
Asking price: £174,950
On the market with: Manning Stainton
Potential rent: £825-850 (5.8% yield)
Description: A well-presented three bedroom end of terrace house located in a convenient area of Horsforth within walking distance of the train station.



Smeaton Court, Leeds
Asking price: £159,950
On the market with: Manning Stainton
Potential rent: £750pcm (5.6% yield
Description: A well-presented two bedroom upper floor apartment, just a short walk from two train stations.
 
Do you own a rental property and are still looking for the right applicant? 
We will work with you to find the perfect match for your property.  Get in touch with our Horsforth branch today to speak to one of our industry-experts.
 
Have you considered investing in property but not sure where to start or if now is the right time?
With the current demand for properties at an all-time high in the area, and the current stamp duty holiday, now really is the best time to be looking for your first or next investment property in Horsforth. 
 
To book in your FREE market appraisal please click here.

To find out more about investing in property please click here. 
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