1-bedroom flat · LS12 3BW
Listing removedListed 974 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Letsby Avenue present this one-bedroom flat located in Old School Lofts, which is the site of the former West Leeds Boys School. The West Leeds Boys School, in Whingate, Armley, first opened in 1907.
It closed in 1993 when the boys West Leeds boys and girls schools merged and the boys' campus was sold off. Now it is home to 66 apartments, including this ground floor apartment.
The accommodation benefits from floor to ceiling windows, a recently renovated bathroom, a spacious lounge & modern kitchen.
The building comprises of well-maintained communal gardens and off road parking.
Ideally located for ease of access to Leeds City Centre by car or public transport and surrounding suburbs, as well as having access to National Motorway Networks.
There are leisure and shopping amenities just a short drive away at the Kirkstall Valley Retail and Leisure Park, where there are shops, cinemas, gym, restaurants and bars.
There is also an option for the white goods to remain. The property provides contemporary accommodation and would make an ideal investment or for first time buyers.
The property is currently tenanted at achieves an annual rental income of £8100. The property can be sold with sitting tenants or vacant possession. It is on the market for £132,000.
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.
Area
Agent & docs
FAQ
About 6 old school lofts, LEEDS
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