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See how verdicts work1-bedroom flat · LS9 8FP
For saleReduced £5k (−3.4%) on 14 AugListed 134 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chain free and ready to move into, this beautifully presented fourth floor apartment offers bright open-plan living, floor-to-ceiling windows with attractive garden views, allocated parking and access to superb residents’ amenities including landscaped communal grounds, a gym and caretaker service.
Set within a secure gated development, this bright and beautifully presented fourth floor apartment is offered chain free with the opportunity to purchase outright at 100% ownership via simultaneous staircasing on completion, subject to the necessary approvals and any applicable fees.
Measuring approximately 50m2, the apartment offers a spacious open-plan living area with a modern fitted kitchen, generous lounge space and floor-to-ceiling windows enjoying attractive views over the large landscaped communal gardens.
The property is set within a secure gated development, with residents benefiting from an allocated parking space, on-site gym, beautifully maintained communal grounds and a caretaker service.
The property is currently held on a 40% shared ownership basis, however buyers may have the option to purchase the full 100% ownership on completion by simultaneously staircasing, meaning no rent would be payable following completion.
This makes the apartment an excellent opportunity for buyers seeking full ownership in a well-maintained development with strong amenities and outdoor space.
Saxton Gated development with fob entry system, mail room, caretaker office, residents gym and additional pay and display visitor parking.
Hallway 9' 6" x 2' 11" (2.90m x 0.90m) Wooden flooring throughout, electric wall mounted heater and spot lighting.
Living area 19' 8" x 15' 2" (6.00m x 4.64m) The Living space has large floor to ceiling windows with two Juliet balconies and fantastic views of the communal grounds.
Wooden flooring throughout and electric wall mounted heater.
Kitchen (Open Plan) The Kitchen has a range of fitted units with integrated appliances which include; electric oven, four ring electric hob and fridge with freezer compartment.
Storage cupboard housing the hot water cylinder and plumbing for a washing machine.
Bedroom 13' 11" x 9' 8" (4.25m x 2.96m) The spacious double bedroom has floor to ceiling window with Juliet balcony and electric wall mounted heater.
Bathroom 8' 6" x 5' 7" (2.61m x 1.71m) The bathroom comprises; bath with shower over. Hand basin, w.c., recessed cupboard and heated towel rail.
Allocated parking The property is sold with one allocated parking space which is situated in the gated grounds.
Material information Ground rent: £205 per annum, reviewed every 10 years by rpi, next review due January 2030 Service charge: £2,427.56 per annum Parking space service charge: £87.76 per annum Lease term: 150 years less 15 days from and including 19th October 2009 Parking lease 150 years from 2009 Local Authority: Leeds Council Tax: B Conservation Area: No Flood Risk: Very low Floor Area: 50m2 Mobile Coverage: EE, Vodafone, Three, O2 Broadband: Basic 15 Mbps, Superfast 80 Mbps, Ultrafast 1800 Mbps Satellite / Fibre TV Availability: BT, Sky, shared ownership / staircasing information The property is currently owned on a 40% share.
40% share price: £58,000 Rent payable on the remaining 60% share: £248.03 per month There is the option to purchase the property at 100% ownership, subject to the relevant shared ownership and staircasing process.
Where the property is purchased at 100%, no rent is payable, although the service charge and ground rent remain payable.
Ground rent: £205 per annum, reviewed every 10 years by rpi, next review due January 2030 Service charge: £2,427.56 per annum Parking space service charge: £87.76 per annum Lease term: 150 years less 15 days from and including 19th October 2009 Eligibility criteria may apply for buyers purchasing a shared ownership share through Places for People.
In order to buy a home under a Shared Ownership scheme, buyers will need to meet the eligibility requirements and pass affordability checks.
You usually need to have a household income of under £80,000 per year, or £90,000 in London, and be unable to afford a suitable home through a standard deposit and mortgage.
You will usually also need to meet one of the following requirements: Be a first-time buyer; Not currently own a home, or be unable to afford to buy a home that meets your needs through a standard purchase; or Already own a home, including through Shared Ownership, and wish to sell your current home.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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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.
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About Copy 100% advert, E8, Saxton, Leeds
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