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See how verdicts work2-bedroom flat · LS10 1JP
For saleReduced £15k (−7.9%) on 6 AugListed 249 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** two double bedrooms ** allocated secure parking ** balcony over the dock ** approx 800 sq ft ** A two -bedroom apartment on the 4th floor of Magellan House, forming part of Leeds Dock.
This mixed-use waterside development offers a combination of residential apartments and creative workspaces, complemented by independent food and drink operators, Tesco Metro supermarket, a yoga studio, a gym and the Royal Armouries Museum.
Leeds Dock is also the home of various digital and tech companies, as well as Sky's Digital HQ.
Throughout the summer months a water taxi operates between the dock and Granary Wharf adjacent to Leeds station offering a swift and efficient commute into the city centre.
Leasehold information: Service charge - £3689 Ground rent - £200 pa Lease - 150 years (less 10 days) from 26 March 2002 EWS1: B1 Additional material information Heating: Electric wall mounted heaters, Metred consumption Water and sewerage Mains connected Broadband: High speed fibre to development (Plus Net) Mobile signal: No issues to report Construction type: Purpose-built concrete frame Flood Risk: None Local Planning Permissions: Aire Park
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
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FAQ
About 177 Magellan House, Armouries Way, Leeds
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