15-bedroom flat · LS2 9NZ
For saleReduced £250k (−10%) on 28 MayListed 280 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FULL DESCRIPTION Thirteen impressive apartments situated on the edge of Leeds City Centre, close to Universities and Hospitals, within a Grade II listed Georgian Villa once the home of eminent physician John Deakin Heaton currently operating as high end serviced accommodation.
Featuring off street parking for 10 vehicles (additional parking could be created subject to necessary planning permissions being granted), an impressive galleried landing entrance hall with feature floor tiles and roof light, large storage cellars with potential for further development (subject to necessary planning permissions and building regulations being granted), impressive character features throughout, every apartment features a modern kitchen area with kitchen island including integral appliances: Fridge with freezer compartment; wine fridge; washer dryer and dishwasher, and modern bathroom/shower room.
Individual design in each of the apartments provides different styling options for each occupant.
The building is currently operated as a "hands off" investment with cleaners and management in place but new owners could increase profit margins further by resuming some of the management roles, encouraging direct bookings free of commissions and potentially increasing parking spaces or accommodation options.
This superbly located historical property offers a wealth of potential and possibilities for the right investor.
The property freehold is held within a SPV limited company and the company can be purchased with the property within it if the purchaser desires.
Gross income for 2024 £338,493.09 Gross income for 2025 £317,356.29. Adverts for the units can be seen here:
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
FAQ
About Clarendon Road, Leeds
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