Description
Presenting this Pudsey Freehold Block Investment.
Key Takeaways:
• Guide Price: Offers in Excess of £675,000 (15% below market)
• Current Rent: £55,620 p.a. → 6.1% gross yield, 4.5% net yield
Tenure: Freehold, 9 × one-bedroom flats, fully tenanted
• Location: Shamrock House, Clifton Hill, Pudsey, Leeds LS28 7FL
• Tax-Efficient Option: Corporate SPV acquisition to save SDLT
This exclusive Pudsey freehold block of nine one-bedroom flats offers investors a stable rental income of £55,620 per annum, freehold tenure, and an attractive 6.1% gross yield at a guide price of offers in excess of £675,000.
Description
Palace Auctions present Shamrock House, a private & confidential freehold block at Clifton Hill, Pudsey, Leeds LS28 7FL. Comprising nine self-contained one-bedroom flats—all currently let with no tenants under notice—this trophy asset delivers reliable, immediate cashflow. Market value per flat is circa £120,000, yet this block is offered at a significant discount, providing instant equity and yield enhancement.
Income & Yield Analysis
| Discount Scenario | Purchase Price | Gross Yield | Net Yield (25% costs) |
|---|---|---|---|
| 10% below market | £972,000 | 5.72% | 4.29% |
| 15% below market | £918,000 | 6.06% | 4.54% |
| 20% below market | £864,000 | 6.44% | 4.83% |
| 25% below market | £810,000 | 6.87% | 5.15% |
At the recommended guide price (£675K), Shamrock House yields a 8.25% gross return and a 7% net return after typical expenses.
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Conclusion
This Pudsey freehold block investment provides a rare below-market-value entry into the Leeds rental market, delivering secure cashflow, immediate equity and strong yields. Contact Palace Auctions today to explore this confidential opportunity.
