2-bedroom flat · LS27 8WP
Listing removedReduced £5k (−2.7%) on 5 SepListed 110 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideally situated just a short walk from Morley town centre, this fabulous apartment offers spacious living accommodation arrange over two floors.
Having two double bedrooms, one en-suite and benefitting from secure residents parking it is beautifully presented throughout.
A viewing is essential to fully appreciate everything this fabulous property has to offer.
One of the oldest churches in Morley has been sympathetically converted into apartments which have retained a wealth of original features including high ceilings and enjoying an abundance of natural light.
Entered through the original entrance to the church, the secure communal entrance leads to the private entrance of this apartment.
The ground floor accommodation briefly comprises; - entrance hall with guest WC, stairs to the first floor and a storage cupboard, living room and a spacious dining kitchen.
The kitchen has fitted wall and base units, ample worktop space and integrated appliances include; - ceramic hob, oven fridge, freezer, washing machine and space for a tumble dryer.
On the first floor there are two double bedrooms, the main bedroom benefits from having an ensuite with a walk-in shower, WC and wash basin, the free-standing wardrobes are included with the sale.
The bathroom is part-tiled and has a modern three-piece suite including bath with shower attachment. The second bedroom and the landing both have built in storage cupboards.
Externally there is a secure, gated parking area with one allocated space for this apartment, and a visitor pass for the visitor parking.
We understand from our vendor that the lease for 125 years was granted in 2002 and that the ground rent is £12.50 per quarter and service charges are £180 per quarter and the buildings insurance is £250 per annum, we would recommend that any potential purchaser confirms this through their own solicitors.
Local Authority, Council Tax Band & Covenants Leeds City Council Council Tax Band B Tenure, Services & Parking Leasehold All mains services; central heating Residents and visitor parking
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 21, Albion Street, Leeds
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