1-bedroom flat · LS10 1EU
For saleReduced £5k (−5.3%) on 21 AugListed 74 days
Opportunity summary
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About
Tenure: Leasehold Buy to let investors only-sold with tenant in situ Current Rent £800 per calendar month = Gross Yield 10% per annum Leasehold-240 Years remaining (250 years from 01/01/2017 to 31/12/2266) Ground Rent £295 per annum & Service Charge £2261 per annum This well-presented one bedroom top floor apartment offers an excellent opportunity for buy to let investors, sold with a tenant in situ and currently achieving a rent of £800 per calendar month.
With a gross yield of 10 percent per annum, this property represents a sound investment in the heart of the city centre.
The flat is situated within a modern development and benefits from a long leasehold of 240 years remaining.
The accommodation comprises a spacious open plan living area with ample natural light, a modern fitted kitchen, a comfortable double bedroom, and a contemporary bathroom.
The property is in Council Tax Band A and has an EPC rating of C, with potential to remain at this level.
Residents will also benefit from an allocated parking space (one vehicle), providing convenient access for commuters or visitors.
Located in a prime city centre position, this apartment is ideally situated near a range of local amenities, including shops, restaurants, and the scenic River Aire.
The development offers secure entry and well-maintained communal areas, enhancing both security and comfort for residents.
The property is subject to a ground rent of £295 per annum and a service charge of £2,261 per annum, which covers the upkeep of communal spaces and facilities.
With its central location, excellent transport links, and proximity to the vibrant riverside, this apartment is perfectly suited for investors seeking a low-maintenance property with strong rental demand.
The outside space is professionally landscaped and maintained as part of the communal grounds, providing residents with a pleasant environment to enjoy.
There is also allocated parking for one vehicle, ensuring convenience for both residents and their guests.
This property offers an attractive combination of city living and investment potential, making it a desirable addition to any portfolio.
A Buyer’s Reservation Fee forms part of any agreed purchase price. Please contact branch for more information.. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Mp has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Mp has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
EPC Rating: C Location Flat 60, Block B Victoria Riverside Atkinson Street, Hunslet - LS10 1EU Parking - On Street Unallocated
Value & comps
No previous sales on record.
Returns
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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.
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About Flat 60, Block B Victoria Riverside Atkinson Street, Leeds
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