8 bed terraced house

A rare investment opportunity has arisen in the popular residential area of Armley, Leeds, with a starting bid of £475,000. The property consists of 8 self-contained studio apartments, each with its own pre-payment electricity meter, and is currently occupied by 7 tenants in receipt of Housing Benefit/Universal Credit. The landlord is responsible for the hall, stairs, and landings only, which costs approximately £45 per month. The property offers a strong gross yield of 11.91% based on the current annual income of £56,588 and the advertised starting bid, with potential for future rental growth due to consistent demand for affordable studio accommodation and periodic Housing Benefit reviews. The property is managed by the same management company for the last 15 years and is available for viewing with early interest recommended.