7-bedroom terraced house · LS6 2HQ
For saleReduced £20k (−4.3%) on 4 FebListed 309 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LET TO SEVEN FROM 1ST JULY 2026 UNTIL 30tH JUNE 2027 @ £41,975 P/A EXCLUDING BILLS!
A LARGE SEVEN/EIGHT BEDROOMED INVESTMENT PROPERTY SITUATED IN THIS POPULAR AND VERY CONVENIENT LOCATION, A SHORT WALK TO THE MAIN UNIVERSITIES AND LEEDS CITY CENTRE.
CLICK ON VIRTUAL TOUR OR ON 'FULL DETAILS'FOR LOTS MORE INFORMATION ABOUT THE PROPERTY, THE LOCAL AREA, TRANSPORT LINKS AND SCHOOLS.The property is currently vacant giving buyers the opportunity to carry out any upgrades they may wish to undertake before the start of the new tenancy agreement.
It is then let to 7 people from the 1st July 2026 until 30th June 2027 at £41,975 excluding bills. The property has a Sui Generis lawful use certificate as a 7 bedroomed HMO.
The seller has a HMO Licence for 8 people until 18th September 2030, so it may be possible to increase future letting to 8 people, subject to further lawful use consent.
There is also no lettings management tie-in, allowing buyers to self manage or appoint their preferred agent.
Point to note - Following the recent introduction of the Rent Reform Act, unless further changes are made, from the 1st May 2026, the above tenancy will automatically transfer from assured shorthold tenancy agreements to periodic tenancy agreements, therefore the tenancy termination date will no longer apply.
Tenure – Freehold Possession – The property is intended to be vacant possession on completion.
AML - Under UK Law, Estate agents are required to carry out Anti Money Laundering (AML) checks in line with regulations and guidance set out by HMRC.
These checks include identifying the source of funds used to purchase a property and conducting identity checks on their customers.
For any intending purchaser, we will require evidence of funding to support any offer and we will carry out an electronic identity check.
We may also need to request photographic identification and/or proof of address. Tenure Freehold Possession Currently sold subject to vacant possession
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 24, Delph Lane
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