2-bedroom flat · LS27 7GD
Listing removedListed 52 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious ground floor apartment situated in a highly popular residential area with excellent transport links.
Having an open plan living area, two double bedrooms and allocated parking it is likely to appeal to a wide variety of buyers and a viewing is highly recommended to fully appreciate everything this property has to offer.
Entered through a secure communal entrance, this two-bedroom ground floor apartment has recently been re-decorated and benefits from new carpets throughout and new vinyl flooring to the kitchen, bathroom and en-suite.
Offered for sale with vacant possession and no onward chain it would be ideal for first time buyers or investors.
The accommodation comprises; - inner hallway with a useful storage cupboard, spacious living room with an open plan kitchen area, two bedrooms, one en-suite shower room and a bathroom.
The kitchen area has fitted wall and base units, plenty of worktop space and integrated appliances include – electric hob, electric oven and plumbing is in place for a washing machine.
The two bedrooms are both doubles, the larger, main bedroom is rear facing and benefits from having an en-suite shower, WC and wash basin.
The bathroom is part-tiled and has a modern, three-piece suite comprising; - bath with shower attachment, shower screen, WC and wash basin Externally, there are communal gardens and the property has one allocated parking space.
We understand from our vendor that the lease for 125 years was granted 01/01/2003, the ground rent is £100 per annum, and the service charges (including building insurance) is £3556.09.
We would strongly recommend that any potential purchaser verify this through their own solicitors.
Local Authority, Council Tax Band & Covenants Leeds City Council Council Tax Band B Tenure, Services & Parking Leasehold Mains water, electric and drainage. Allocated parking.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 32, New Village Way, Morley
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