It’s not every day you get the opportunity to buy two streets, but 44 flats and 29 houses on Kirk Beston Close and Cross Heath Grove in Beeston are currently on the market.
In fact it’s not the whole of Cross Heath Grove, the section parallel to Elland Road is not affected. The 73 properties for sale, known collectively as the Elland Portfolio, are rented out and were owned by Angelic Interiors Ltd who went into administration in July this year. Offers are now being sought for the single freehold by agents Allsop and Carter Jonas.
Existing tenancies will not be affected by the sale of the freehold, but ominously the agents information pack suggests that “active asset management” could see the rental income for the estate raised by nearly £45,000 a year. That equates to an average rent hike of £12 per week, £600 per year, per household.