62 Richmond Mount, Leeds, West Yorkshire, LS6 1DF
- Unconditional Online Sale
- Offers in Excess of : £400,000
- Bedrooms: 6
- Bathrooms: 2
- Reception Rooms: 1
Fully Licensed 6-Room HMO | £41,184 Annual Income | 10.30% Gross Yield | Prime West Yorkshire Location | Near Universities & Student Hubs | Student Tenants | Excellent Rail & Road Links | Regeneration Area | Turnkey Investment
Description
This well-presented, fully licensed 6-bedroom HMO offers a secure, student-focused investment in a prime West Yorkshire location. Fully let to students, the property generates £41,184 in annual rental income, delivering a solid gross yield of 10.30% with reliable academic-year occupancy and repeat demand. Ideally positioned close to universities, local amenities, and established student hubs, it benefits from consistently strong tenant demand. Excellent transport connectivity via rail and bus links to Leeds, Bradford, and surrounding areas, alongside easy access to the M62 and M1, further enhances its appeal. Supported by ongoing city centre regeneration, university expansion, and infrastructure investment, this property represents a dependable, low-void investment opportunity in one of West Yorkshire’s most resilient student rental markets.
Income Breakdown (Monthly)
| Room 1: £572.00 |
| Room 2: £572.00 |
| Room 3: £572.00 |
| Room 4: £572.00 |
| Room 5: £572.00 |
| Room 6: £572.00 |
| Total Monthly Income: £3,432.00 |
| Total Annual Income: £41,184.00 |
| *Already let for 26-27 with a gross annual income of £41,496* |
Expenditure Breakdown (Monthly):
| Gas, Electric, Broadband, TV License & Content Insurance: £792.00 (Tenants pay £132.00 pcm for bills package with UniHomes - This is deducted from their monthly rent) |
| Council Tax: N/A |
| Management (10%): £343.20 |
| Total Monthly Expenditure: £1,135.20 |
| Total Annual Expenditure: £13,622.40 |
Investment Performance:
| Net Annual Income: £27,561.60 |
| Gross Yield: 10.30% |
| Net Yield: 6.89% |
Committed Sale Process
This property is offered for sale via the HMO X Committed Sale process. Buyers are advised to review the full Terms & Conditions of sale and all documentation contained within the legal pack before making an offer.
If your offer is accepted, a £3,500 reservation deposit will be required to secure the property and remove it from the market. The deposit is not a buyer’s fee and will be credited toward the purchase price on exchange.
Full details of the Committed Sale process are available within the legal pack or from the HMO X team.
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