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ATTENTION INVESTORS - PURCHASE THIS READY MADE INVESTMENT PROPERTY!
Tenanted Property Sales are delighted to offer to market this tenanted two bedroom apartment in this recently completed development in Morley, Church Court. Providing super-convenient access into both Morley as well as Leeds City Centre, the development offers a great opportunity to invest into Leeds’ fast growing property market for an affordable price tag. The apartment includes added benefits of a recently fitted furniture pack as well as one parking space.
Location:
Morley is fast becoming one of the most popular investment hotspots in Leeds. It’s fantastic range of amenities, easy access to motorway networks, and community feel, is attracting a range of tenants to the area creating a strong demand for property.
With community at the heart of the town, Morley has seen recent improvements worth £24 million to benefit it and entice its growth. This includes making the high street pedestrianised to lower pollution levels and open its space. It allows shops to spill out into the street, both paying tribute to Morley’s heritage and welcoming shoppers who are free to meander the road, almost like a plaza, on the way to the town centre.
As Leeds city centres property market continues to expand we are likely to see an influx of residents looking to the city’s boroughs and suburbs for more affordable and quieter living, with flexible and accessible commutes. Morley ticks every box in this regard and is likely to be one of the first locations on peoples wish list.
Points of interest:
Morley town centre - 0.6 miles
Morley train station - 0.5 miles
White Rose Shopping Centre - 1.9 miles
Leeds - 4.6 miles
Bradford - 8.5 miles
Manchester - 40 miles
Financial Breakdown:
Occupancy: Tenanted
Tenure: Leasehold (Approx. 999 years remaining)
Gross rent: ÂŁ11,400
Gross yield: 7.6%
Service charge: Approx. ÂŁ972 PA
Ground rent: Approx. ÂŁ0 PA
Lettings management: ÂŁ1436 PA
Approx. NET income: ÂŁ8992 PA
NET yield: 6%