Summary - 33 NOWELL MOUNT LEEDS LS9 6HP
5 bed 5 bath Terraced
Income-focused terrace with strong rental potential for hands-on investors.
Five double bedrooms each with private ensuite
A five-double-bedroom mid-terrace arranged over four floors, currently let and producing a strong income. Each bedroom has a private ensuite; the property yields 11.33% on the asking price and produces £15,308 pa. Two tenants are on monthly rolling agreements and one on a fixed term to December 2025. The sale is with tenants in situ and not available with vacant possession.
The house sits in a popular rental pocket of LS9 with easy access to local amenities and transport. There are small front and rear patio areas for outdoor space, on-street parking and modern double glazing. Broadband speeds are fast and mobile signal is excellent — practical benefits for long-term tenants.
Important practical points: there is no current HMO licence for full occupancy; a new owner should budget for licence application and compliance costs with Leeds City Council. The building shows dated fixtures and fittings and will benefit from cosmetic and kitchen upgrades; walls are original solid brick with no added cavity insulation (assumed). The area records high crime levels and very high deprivation, which buyers should factor into management and insurance decisions.
For an investor the opportunity is clear: immediate rental income plus scope to increase returns once rooms are fully let and the HMO licence is arranged. EPC C, mains gas boiler and cheap council tax help running costs, but prospective buyers should allow for refurbishment outlay and HMO licensing when calculating net yield and exit strategy.
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