2-bedroom flat · LS12 5LW
For saleReduced £5k (−5.3%) on 4 OctListed 65 days
Opportunity summary
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About
*** 2 bedroom well presented and spacious apartment in great location!
*** Stoneacre Properties are delighted to offer for sale this two bedroom, top floor flat that is well presented throughout, situated in Wortley.
The property benefits from allocated car parking and overlooks well maintained communal gardens. Close to local bus routes, amenities and easy access to Leeds City Centre.
This property offers generous amounts of space and briefly comprises: Entrance hallway with storage cupboard and access to loft, lounge, kitchen, bathroom and two bedrooms both with fitted wardrobes.
The property also makes for a great investment, and can be sold with a sitting tenant, currently let at £775 pcm (with the potential of achieving £800 pcm) the property offers an 8% net return after service charge and ground rent.
Entrance The block is entered via a communal door with intercom entry. Stairs lead up to the second floor.
Entering the property you are welcomed into the hallway which offers access throughout the property including to a useful store cupboard and to the loft.
Living Room Spacious open plan living/diner offers plenty of space for seating as well as a formal dining space and leads through to the kitchen.
Kitchen Made up of wall and base units with integrated oven, electric hob with extractor above, space for washing machine, dishwasher and undermounted fridge.
Bedroom 1 Large double bedroom with sliding fitted wardrobes. Bedroom 2 Second bedroom with sliding fitted wardrobes. Bathroom Part tiled with electric shower over bath, toilet and sink.
External The property comes complete with an allocated parking space and access to well maintained communal grounds.
Lease We are advised by the vendor that the property is leasehold with an original term of 125 years from 2005.
The current service charge is £1749 per annum and ground rent is currently £270 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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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 24, Whitehall Drive, Leeds
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