78 St Annes drive is a 5 bedroom detached HMO student property located in Leeds. It is a proven performer property with a track record of producing high yields and income. It was valued at £245,000 in February 2018 and is currently let out and tenanted generating £21,133 of rent. The Net Rental Yield for this property is guaranteed at 5.5%
78 St Annes drive is a 5 bedroom detached house spread over three storeys. Its exterior is composed of traditional brickwork and is partially rendered white in some parts to improve the overall aesthetic. Internally it has been recently renovated and consists of 5 bedrooms, 3 bathrooms, a separate lounge and a separate kitchen.
The investment case for 78 St Annes Drive is driven largely by the buoyant student market place in Leeds and the property’s proximity to three different universities. The property is in a lettable part of the Leeds student market and is of a quality that would be attractive to both students and young professionals.
The property is be managed on a day to day basis by Parklane Properties. Parklane is one of the biggest and oldest student accommodation providers in Leeds. They have been active on the scene since the 1980s. Having a well regarded property management agent on board can provide a smooth investment journey, as they will be very familiar with the common pitfalls that can catch out unaware investors.
This is an Easy Exit property, meaning that UOWN guarantees to buy-back shares at current share price, minus a fee of 3% of the value of the shares. UOWN will buy-back your shares at any time (including while a deal is still funding) and you will typically have access to your money within three working days. Easy Exit makes property investment an option for those who need the security of having access to the money they invest whenever they need it, but still want the potential to earn a decent return.
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