1-bedroom flat · LS12 3UH
Listing removedListed 302 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***NOW AVAILABLE*** Portfolio Properties are pleased to offer this second-floor apartment is located within the well-known Whingate Mill development and is offered for sale via traditional auction.
The property is currently tenanted and producing a gross annual rental income of £7,116, making it an ideal ready-made addition to a buy to let portfolio.
The accommodation includes an open plan lounge and kitchen area, a main bedroom, an additional sleeping area and a shower room.
The layout is practical and continues to attract consistent tenant demand due to the location and affordability.
Location Whingate Mill is well positioned for easy access to Leeds city centre, offering a wide range of shops, restaurants, bars and cultural attractions including museums and galleries.
Local amenities are within walking distance, including supermarkets, parks and everyday essentials.
Transport links are strong, making this a popular choice with tenants working in and around the city.
Investment Information * Current gross rent: £7,116 per annum * Lease length: 125 years from 1 January 2016 * Ground rent: £200 per annum * Service charge: £1,998.23 per annum This property offers an attractive yield at the guide price, with long lease length and proven rental performance.
Additional Information * Tenure: Leasehold * Council Tax: Band B * EPC Rating: D * Externally: Communal parking available Viewings and Next Steps Properties at this price point with a tenant in situ attract strong investor interest.
We recommend early inspection to assess the layout, tenancy and rental performance. Auction properties move quickly and early due diligence is advised. Early viewing is strongly recommended.
Disclaimer - Portfolio Properties believe all the particulars given to be accurate.
They have not tested or inspected any equipment, apparatus, fixtures or fittings and cannot, therefore, offer any proof or confirmation as to their condition or fitness for purpose thereof.
The purchaser is advised to obtain the necessary verification from the solicitor or the surveyor.
All measurements given are approximate and for guide purposes only and should not be relied upon as accurate for the purpose of buying fixtures, floor-coverings, etc.
The buyer should satisfy him/herself of all measurements prior to purchase.
Before we can accept an offer for any property, we will need certain information from you which will enable us to qualify your offer.
If you are making a cash offer which is not dependent upon the sale of another property, we will require proof of funds.
You should be advised that any approach to a bank, building society or solicitor before we have qualified your offer may result in legal or survey fees being lost.
In addition, any delay may result in the property being offered to someone else.
ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor.
Portfolio Properties will not be held responsible for any failure to disclose any such defects.
Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that we will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars
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 advisors 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

FAQ
About Whingate, Leeds, West Yorkshire, LS12
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