Norman Terrace, Roundhay

A substantial investment property currently divided in to two flats and providing an annual income of around £10,440 when fully let. With potential to substantially increase the yield, the excellent investment property is located within a minute’s walk of Street Lane. 

£209,950 – No chain

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Introduction

A substantial Edwardian terraced property that is currently split in to two flats, with potential for cellar conversion. The property enjoys an ideal position a minute’s walk from Street Lane, which provides a wide range of shops and restaurants as well as easy access to Leeds centre.

The accommodation comprises; shared entrance hall, ground floor flat with sitting room, kitchen, double bedroom and bathroom, first and second floor flat with sitting room, dining kitchen, two double bedrooms and bathroom.

The property provides an annual income of around £10,440 when fully let, although there is potential to substantially increase this.

Accommodation

With gas central heating and PVCu double glazing.

To the ground floor:  Shared entrance hall

Entrance hall, ceiling light. Doors to the ground floor flat, and the private staircase to the first and second floor flat.

FLAT 1

Sitting room               15’9 x 11’9

Bay window to the front, ceiling light and coving. TV point and gas fire.

Bedroom                    15’3 x 10’5

Windows to the side and rear. Ceiling light and coving.

Kitchen                      11’8 x 7’3

Window to the side. Fitted with base and wall cupboards with laminate work surfaces and part tiled walls. Electric cooker point, stainless steel sink unit and space for undercounter fridge. Door to the cellars.

Rear entrance lobby

Rear entrance door and gas central heating boiler.

Bathroom

Obscured window to the rear, panelled bath with electric shower, pedestal wash basin and low suite wc. Ceiling light.

To the first floor:      FLAT 2

Half landing

Ceiling light.

Boiler room

Window to the rear, gas central heating boiler.

Landing

Staircase to the second floor, ceiling light.

Spacious sitting room          16’3 x 12’9

Two windows to the front. Recessed cupboards and shelving. Wall mounted gas fire, ceiling light and coving. TV and telephone points.

Dining kitchen                       15’2 x 10’4

Window to the rear. Fitted with base and wall cupboards with laminate work surfaces and part tiled walls. Stainless steel sink unit with mixer tap, space for fridge freezer and electric cooker point. Two ceiling lights and ceiling coving.

Half landing                          

Rooflight.

Bathroom

Obscured window to the rear, panelled bath with shower attachment, low suite wc and pedestal washbasin. Part tiled walls and ceiling light.

Landing

Wall light point.

Bedroom 1                             16’3 x 9’

Window to the front, ceiling light.

Bedroom 2                             15’2 x 10’4

Dormer window to the rear, ceiling light.

To the cellars:

Spacious cellars, with ceiling lighting, plumbing for washing machine and door to the rear.

Outside

To the front of the property is a small forecourt with brick wall and gate. There is a useful yard to the rear.

Directions   

Norman Terrace is situated directly behind our office on Street Lane. The property is identified by a Morfitt Shaw ‘For Sale’ board at the far end.

Agent’s notes : The property is freehold. All mains services are provided. Viewing strictly by appointment only.

Conveyancing: Recently, we conducted a survey of over forty conveyancers in the Leeds area. We used these results to appoint three local solicitors to our panel. All three were placed in the best eight for lowest fees. As well as offering good value for money, they are crucially, very reliable, quick and effective. Please call us for details.

Residential & buy-to-let mortgages: We can help you whatever your requirements and circumstances, whether you are a first time buyer, or wishing to remortgage to a preferential rate. For the convenience of purchasers, whether buying through us or not, we have researched the market on your behalf, and appointed an excellent local independent mortgage consultants, authorised and regulated by the Financial Services Authority. They can provide preferential financial products, from major names, which are not available through other channels such as retail, direct marketing or even the internet.

Are you selling? We offer free, no obligation valuation and market appraisals. Please call us on 0113 393 0113.

Morfitt Shaw opening times : Monday–Saturday 9.00-5.30, and open until 8pm on Wednesday, Sunday 12.00–3.00pm.

These particulars, whilst believed to be accurate, are set out as a general outline and are only intended as guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person employed by Morfitt Shaw Ltd has the authority to make or give any representation or warranty in respect of the property.

Photographs are reproduced for general information and it must not be inferred that any item shown is included for sale with the property. Prospective purchasers are advised to inspect the property and commission an expert report where appropriate.

Big enough to impress, small enough to care.