2-bedroom flat · LS9 8AN
For saleReduced £20k (−6.7%) on 5 OctListed 146 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nestled in the heart of Leeds on Neptune Street, this wonderfully presented two-bedroom flat is a true gem that oozes character and charm.
The property boasts an inviting reception room that seamlessly blends with a large open-plan kitchen, living, and dining area, perfect for both entertaining guests and enjoying quiet evenings at home.
The upgraded kitchen features modern appliances and ample space, making it a delightful hub for culinary enthusiasts.
The flat retains its unique character with exposed brickwork, striking metal features, and original pillars that add a touch of industrial elegance.
The newly installed bathroom offers a fresh and contemporary feel, ensuring comfort and convenience for its residents.
Additionally, a handy storage and utility cupboard provides practical space for everyday essentials.
Situated in a great central location, this apartment not only offers easy access to the vibrant amenities of Leeds but also comes with the added benefit of a secure parking space, a rare find in such a bustling area.
This property is ideal for those seeking a stylish and characterful home in a prime location. Whether you are a first-time buyer or looking to invest, this flat is sure to impress.
Don't miss the opportunity to make this charming apartment your own. Entrance The property is entered via an intercom entry system and stairs lead up to the first floor.
Entering the property you are welcomed into a spacious entrance hallway which offers access throughout the property.
Kitchen/Living/Diner This superb open plan living space is full of character with exposed brick work to the wall and ceilings, exposed metal work and the original pillars.
Four large windows flood the room with natural light and the upgraded kitchen is complete with integrated under counter fridge and freezer, dishwasher, oven and electric hob with extractor above.
There is space for a dedicated dining area as well as ample space for seating. Bedroom 1 Large double bedroom with exposed brick walls and ceiling. The bedroom comfortably accommodates a double bed.
Bedroom 2 / Study The second bedroom is complete with built in sliding wardrobes.
The room also makes for a good study and a sliding wall opens up the room to the living space if not needed as a private bedroom. It also has a door into the bedroom from the hallway.
Bathroom Updated tiled bathroom with walk in shower, toilet and floating vanity sink. Storage Accessed from the hallway is a large store cupboard with plumbing for washing machine.
External/Parking The property comes complete with a secure allocated parking space. Lease We are advised by the vendor that the property is leasehold with an original term of 125 years from 2004.
The current service charge is £1200 per annum and ground rent is currently £150 per annum. A buyer is advised to obtain verification from their solicitor or legal advisor.
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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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 4 Engine House, Neptune Street, Leeds
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