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See how verdicts workStudio · LS9 8NR
Listing removedReduced £10k (−14.3%) on 22 JunListed 857 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Studio apartment available at Echo Central Two. Located just a few minutes walk from Leeds central bus station and shopping areas the apartment is sold with a fixed term tenancy until July 2025.
Studio apartment available at Echo Central Two. Located just a few minutes walk from Leeds central bus station and shopping areas. The apartment is sold with a fixed term tenancy.
The tenancy is fixed until July 2025. Rental income £775 pcm.
Leashold information Lease term 150 years from 2007 Ground rent £325.98 pa - (reviewed every 10 years at rpi next review 2027) Service charge for 2025 £1,230.22 pa EWS1 compliant - B1 rating the property hallway 8' 11" x 5' 2" (2.72m x 1.60m) Entrance hallway with wood effect laminate floor, electric wall mounted heater and entry phone system.
Utility cupboard 6' 7" x 3' 4" (2.03m x 1.02m) Walk in storage area with plumbing for a washing machine and hot water cylinder (installed in October 2023) living area 18' 4" x 13' 11" (5.61m x 4.26m) max The open plan living area has wood effect laminate flooring throughout, patio doors for the Juliet balcony.
Electric wall mounted heater. Kitchen (Open Plan) The open plan Kitchen has a range of modern units, integrated electric oven, hob, extractor fan and fridge with freezer compartment.
Shower room 7' 5" x 3' 10" (2.28m x 1.19m) The shower room is fully tiled and comprises; shower unit, hand basin, w.c. And chrome heated towel rail.
Value & comps
No previous sales on record.
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 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
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FAQ
About 601, Echo Central Two, Leeds
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