Modern Method of Auction
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See how verdicts work2-bedroom flat · BD1 5AF
For saleReduced £6k (−16.7%) on 7 OctListed 230 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
To be sold via Modern Method Of Auction, Starting Bid: £45,000 Situated in this well regarded city centre apartment block, this superbly presented two bedroom, two bathroom first floor apartment is ideally suited to buy to let investors, business couple or single person requiring an easily managed stylish apartment offering easy access to city centre and motorway network.
Whilst maintaining a relaxed residential feel, The Reading Rooms enjoy a central location in the vibrant area of Little Germany with an array of cosmopolitan bars, restaurants and stores within easy reach Offering well planned and contemporary designed accommodation with quality fixtures and fittings throughout and enhanced by electric heating, sealed unit double glazing and intercom system the apartment comprises; Entrance Hall, large L shaped Living/Kitchen with feature exposed brickwork, exposed beams and wooden floors, modern Kitchen with quality fixtures and fittings and integrated appliances, two bedrooms, En-suite Shower Room and luxury Bathroom.
Entrance Hall External door, wood effect laminate flooring and an electric wall heater.
Living Room (21' 10" x 15' 1" (6.65m x 4.6m)) Three double glazed windows to the front and side elevation, wood effect laminate flooring, television point, telephone point, feature exposed bricks, wall lighting, electric wall heater and open to the kitchen.
Kitchen Fitted kitchen with a range of base & wall units in with contrasting work surfaces, electric oven, electric hob & extractor hood, and one and a half bowl sink & drainer.
Integrated washing machine and dish washer, intercom, tiling and a double glazed window to the front elevation.
Bedroom One (12' 0" x 8' 11" (3.66m x 2.72m)) Double glazed window to the front elevation, feature exposed bricks, door to the en-suite shower room and electric wall heater.
En-Suite Shower Room Three piece suite comprising of shower cubicle, wash hand basin and low level w.c. Heated towel rail, part tiled and extractor fan.
Bedroom Two (9' 11" x 6' 8" (3.02m x 2.03m)) Double glazed window to the rear elevation, feature exposed bricks and electric wall heater.
Bathroom Three piece suite comprising of paneled bath with shower over, wash hand basin with vanity unit and low level w.c.
Heated towel rail, part tiled, extractor fan, cupboard housing the immersion heater and a double glazed window to the front elevation.
Auction Information This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (IamSold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service (truncated)
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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.
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
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FAQ
About Apartment 7, The Reading Rooms, 53, Leeds Road, West Yorkshire
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