2-bedroom flat · LS1 6PU
Listing removedReduced £50 (−3.7%) on 27 JulListed 124 days · slow let
Opportunity summary
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About
Welcome to apartment 401 The Bank - an iconic Grade II Listed landmark, expertly reimagined into just 17 unique, boutique apartments in one of Leeds’ most desirable LS1 locations.
Steeped in history yet finished to the highest modern standards, the building offers a rare blend of character, elegance and impressive proportion, right in the heart of the city centre maybe a minutes walk up from John Lewis to give an idea.
It is a wonderful location for anyone wanting a city centre apartment. Apartment 401 occupies a premium 4th floor position. Enter through the large secure front door into an inviting cosy hallway.
To the left is a wonderful open plan living kitchen/dining area. The kitchen with beautiful units has all the essentials for the chefs amongst you including dishwasher.
All appliances are good quality and integrated, the finish is exacting with beautiful handles, work surfaces taps and cupboards. Plenty of storage.
The principle bedroom is a generous size, tasteful blinds have been ordered for all the windows with black out blinds to the bedroom.
The second bedroom is a single but would also make a perfect dressing room or home office/study room. The bathroom is a beautiful space with stunning tiling throughout tub and shower overhead.
Presented to the market for the very first time be the first to live in this clean, classy apartment.
Overall a lovely apartment in a grade A city centre location with secure access and video intercom system. Our client expects to complete the purchase week commencing 13th July.
SPECIFICATIONS: Kitchens: Bespoke fitted designs Marble or wood-style splashbacks and worktops Wood-panel flooring and feature lighting Integrated Bosch appliances: oven, hob, extractor, washer, and fridge-freezer Living Spaces: Pendant lighting Premium wood-panel flooring Open-plan layouts designed for flexible use Bedrooms: Neutral carpet flooring in soft tones Integrated lighting creating a calm atmosphere Bathrooms: Tiled finish White ceramic fittings with mirrored vanity units Heated towel rails and recessed ceiling lighting Location The Location: Conveniently positioned in the LS1 postcode, The Bank offers residents a city centre address with good access to everything Leeds has to offer.
The City: The city of Leeds is recognised for its economic growth, cultural diversity, and strong educational base.
The city’s landscape combines historic architecture, such as the Corn Exchange and Kirkgate Market, with modern developments including Leeds Dock and the South Bank.
Cultural venues: Leeds Art Gallery, the West Yorkshire Playhouse, Opera North, and Northern Ballet contribute to a vibrant arts scene.
Major entertainment spaces, including the First Direct Arena, attract national and international events.
Retail destinations: Victoria Quarter, Victoria Gate, and Trinity Leeds offer a wide range of luxury shopping destinations, surrounded by designer boutiques including Louis Vuitton, Rolex, and Harvey Nichols and restaurants such as The Ivy and Issho.
Education and Lifestyle: Leeds is home to several universities and a range of well-established schools, attracting students from across the UK and abroad.
The city supports an active lifestyle, with facilities for football, rugby, cycling, and fitness.
Healthcare and wellness services, including hospitals, medical centres, and gyms, are also accessible across the region.
Connectivity: Positioned in the heart of the North, Leeds offers excellent transport links that connect residents to the UK and beyond.
Direct train to London King’s Cross in around 2 hours Manchester and York just 30 minutes away by train Accessibility to M1 and M62 motorways Leeds Bradford Airport with direct domestic and international routes.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
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