Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · LS7 2DD
For saleListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For Sale by Modern Method of Auction – a 2 bedroom 1st floor flat in a secure gated development on the Meanwood/Sheepscar border.
Offered for sale with no onward chain the property makes an excellent first purchase or investment.
A modern two bedroom first floor apartment set within a modern and secure development in the popular Buslingthorpe area of Leeds.
Ideally located within walking distance of Leeds Arts University, the property benefits from excellent transport links with the 51/52 bus routes stopping directly outside the development, providing convenient access to Leeds city centre.
The apartment is also close to local supermarkets and the popular Meanwood Valley Trail, offering scenic walking and cycling routes.
The property is offered for sale with vacant possession and would make an excellent first time purchase, downsizing opportunity or investment property.
Secure electric gates provide access to resident parking areas and communal gardens, with pedestrian pathways leading to each apartment block.
A secure entry system opens into a well-maintained communal entrance hallway with access to post boxes, lift to the upper floors and staircase access.
The apartment itself is located on the first floor.
The private entrance hallway includes a telephone entry system handset and a deep storage cupboard housing the hot water tank, meter and fuse box, with doors leading to all rooms.
The spacious lounge/diner is positioned to the rear of the property and runs the full width of the apartment, benefiting from dual aspect windows which allow for plenty of natural light.
A door leads into the kitchen, which is fitted with a range of wall and base units, work surfaces, sink unit and tiled splashbacks.
Integrated appliances include an oven, hob, extractor hood, microwave, fridge and freezer, with additional space for an automatic washing machine.
The family bathroom is fitted with a white suite comprising bath with shower attachment over, wash hand basin and WC, complemented by tiled walls and flooring, an extractor fan and a heated towel radiator.
The main bedroom enjoys a double glazed window to the rear, while the second bedroom has a double glazed window to the front of the property.
Externally the development offers resident parking and communal gardens.
Having previously been a successful rental property for the current owners, the apartment is offered for sale with no onward chain and is being sold via the modern method of auction.
Material information: Tenure Leasehold for a term of 125 years from 2005. Service charge We are informed that the current service charge is £1775 per annum.
Ground rent We are informed that the current ground rent charge is £230 per annum.
Services The property has mains electricity, water and drainage/sewerage, which were connected and working at the time of our inspection.
Broadband/mobile signal & coverage Broadband is available in this area / mobile signal & coverage is available in this area.
Flood risk & planning permission Flood risk – not known to be an issue / planning permission – none in the immediate area.
Council tax band B auctioneer comments 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 winning bidder 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 is taken. Payment varies but will be no more than £ 450.00.
These services are optional. Referral arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you.
Whilst these services are recommended, as it is believed they will be of benefit, you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted, the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
Agent & docs
.png)
FAQ
About 28,, Carr Mills, Buslingthorpe
Explore nearby