Modern Method of Auction
Auction date not yet published
2-bedroom flat · LS8 4DW
For saleReduced £10k (−8.7%) on 18 SepListed 62 days
Opportunity summary
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About
A spacious 2-bedroom first floor apartment offered for sale with onward chain and move in ready condition. The property makes an excellent first purchase, investment or downsizing opportunity.
***for sale by modern method of auction*** A Well-Presented Two-Bedroom First-Floor Apartment Offered for sale by Modern Method of Auction with No Onward Chain A well-presented and spacious two-bedroom first-floor apartment, ideally situated in a popular North Leeds location close to the centres of both Chapel Allerton and Oakwood.
The property enjoys excellent access to a wide range of local amenities, shops, bars, restaurants and transport links, making it an appealing choice for first-time buyers, investors, tenants and downsizers alike.
Approached via a gravelled frontage, a few steps lead to the main entrance, where a wooden entrance door with intercom security access opens into the communal hallway.
Stairs rise to the first-floor apartment entrance. The entrance hallway features a telephone entry handset and provides access to all rooms.
The lounge/diner is a generous and versatile reception space, featuring a front-facing double-glazed bay window which allows plenty of natural light into the room.
A feature open fireplace provides an attractive focal point, with ample space for both living and dining furniture.
The kitchen is fitted with a range of wall and base units with work surfaces over, incorporating a sink unit, electric oven and hob with extractor hood, together with spaces for further appliances.
There is also a double-glazed window to the front and tiled walls.
The main bedroom benefits from a side-facing double-glazed window, a further feature open fireplace and two useful, fitted cupboards providing excellent storage.
The second bedroom is another well-proportioned room, featuring two double-glazed windows to the side.
The room offers flexibility and could be utilised as a second bedroom, home office or separate dining room, depending on the purchaser's requirements.
The bathroom features a side-facing double-glazed window and is fitted with a bath with shower over, WC and wash hand basin set within a vanity unit.
Tiled walls and flooring, an extractor fan and a useful storage cupboard housing the combination boiler complete the room.
Overall, the property provides ready-to-move-into, spacious accommodation in a highly convenient and sought-after location.
With its excellent proximity to Chapel Allerton and Oakwood, versatile living accommodation and strong appeal to both owner-occupiers and investors, this is an excellent opportunity for a first purchase, investment or downsizing move.
The property is offered for sale by Modern Method of Auction and is available with no onward chain.
Material information: Tenure Leasehold -our seller advises that the property is leasehold with approximately 117 years remaining Ground rent We are informed that the current ground rent charge is £250 per annum.
Service charge We are informed that the current service charge is £1200 per annum.
Services The property has mains gas, 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 A 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.
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Returns
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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.
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FAQ
About Flat 2, 1, Roundhay Mount, Leeds
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