We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · LS10 1JE
For saleListed 167 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***stylish apartment with stunning river views*** ***allocated parking*** ***prime leeds city centre location*** ***interactive 3D tour available to view online*** ***EWS1 compliant*** ***ready to move into so not to be missed*** Purplebricks are delighted to be able to offer for sale a stylish and incredibly spacious apartment that can be found on the 8th floor (with lift) of a most popular and sought after purpose built block of flats.
Magellan House forms part of the well renowned Leeds Dock development in Leeds City Centre and is therefore moments away from an array of independent cafés, restaurants, and bars, along with excellent access to Leeds City Centre and the surrounding transport links.
Nearby motorway links are also close by, ideal for the commuter who is looking to travel further afield.
Entrance to the block is via a secure communal front door where you will find a lift that goes to all floors.
Upon entering the apartment itself, you will find a spacious entrance hall, a delightful lounge/diner with a balcony offering stunning river views and an open plan kitchen, two double bedrooms and a bathroom/WC.
There is also an allocated underground parking space.
In our opinion, this fabulous ready to move into property is bound to appeal to a wide range of buyers so early internal viewings are strongly advised. Viewings can be booked 24/7.
Property Ownership Information Tenure Leasehold Council Tax Band D Annual Ground Rent £200.00 Ground Rent Review Period No review period Annual Service Charge £3,351.04 Service Charge Review Period No review period Lease End Date 26/03/2152 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer.
You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits.
Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 61 Magellan House, Armouries Way, Leeds
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