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See how verdicts work2-bedroom house · LS6 2JU
Listing removedReduced £7.5k (−4.5%) on 22 JunListed 509 days
Opportunity summary
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About
***investors only*** an appealing two bed end terrace house in Woodhouse, an area much sought after by investors and tenants. Freehold. Council Tax Band A.
General Currently let to two professional tenants until 30 June 2026 at a rent of £995pcm, the property benefits from gas central heating, uPVC double glazing, modern fixtures and fittings, and neutral décor/floor coverings throughout.
Arranged over four floors and briefly comprising: A lounge and kitchen on the ground floor, a double bedroom and a bathroom on the first floor, and a second double bedroom on the top floor.
There is a useful storage basement, which is where the gas and electric meters are located.
Located less than half a mile from Leeds University campus and one mile from the city centre, there are local shops and amenities situated just a short walk away.
This property would slot in nicely to a seasoned or first time investor’s portfolio, with rental income from the day of completion, and an internal viewing is highly recommended. No onward chain.
Please note: The property is currently let and managed by hop, whose marketing photos and floorplan we are using. The photos were taken prior to the tenants moving in.
Area Quarry Street is located in a sought after area on the fringe of the city centre and within easy reach of the Universities, Business School and Hospitals.
The Woodhouse/Hyde Park area is a diverse suburb, popular with both students (being so close to campus), families and young professionals alike.
The open spaces of Woodhouse Ridge and Hyde Park are close by, as are a number of independent shops and restaurants.
Ground floor living room Street lined, this room has stripped and polished floorboards and stairs off to the first floor. Leads to...
Kitchen A wider than average galley style kitchen with a range of modern wall and base units, complementary worktops, and splash wall tiling.
There is an integrated electric oven & gas hob with an extractor hood above, a washing machine and a freestanding upright fridge/freezer. Leads down to the storage basement.
First floor Bedroom one (double) This is a double bedroom with stripped and polished floorboards and a furniture friendly footprint.
Bathroom Comprising a panelled bath with shower over, a low level WC and a pedestal washbasin. There is a storage cupboard and this room benefits from a window fitted with privacy glass.
Second floor Bedroom two (double) This is another double bedroom benefiting from a dormer window and stripped and polished floorboards.
Outside The property is street-lined with plenty of unrestricted parking available. There is a shared yard adjacent to No 46 Quarry Street, where bins are stored.
Material information tenure The property is Freehold. Services The property has mains gas, electricity, water and drainage/sewerage, which were connected and working at the time of our inspection.
Historic movement The property has been subject to some cracking in the rear walls on the ground, first and second floors.
A structural defects report was commissioned in 2022 which recommended the fitting of crack monitors and re-inspections over a 12 months period.
The last of these inspections took place in November 2023, when it was identified that any movement was not significantly progressive.
The survey dated November 2023 notes: The movement evidenced by the crack monitors is horizontal with no noticeable vertical or rotational movement to the crack monitors.
Cracking would also be expected to the front wall of the property.
Another consideration would be that movement may be a manifest of some element of ratcheting distortion caused by bookend movement in the terrace but again we would expect to see greater expansion at higher levels than at lower levels.
There is also no significant deflection or movement to the external walls. The cracks seen are categorised by bre Digest 251 as Cracks easily filled.
Recurrent cracks can be masked by suitable linings. Buyers should undertake their own due-diligence in this respect, to satisfy both themselves and any lender if mortgage finance is required.
Broadband/mobile signal & coverage Broadband is available in this area / mobile signal & coverage is available in this area.
Flood risk & planning permission Flood risk – not known to be an issue / planning permission – none in the immediate area. Council tax band A
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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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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FAQ
About 46, Quarry Street, Leeds
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