Modern Method of Auction
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We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · LS11 9BG
Sold STCReduced £5 (−0%) on 8 JulListed 604 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** two bedroom flat *** fantastic city centre location *** master bedroom with en suite *** balcony *** Stoneacre Properties are delighted to offer for sale this fantastic third floor two bedroom apartment in Leeds City Centre.
This property can be accessed by a lift, and comprises a spacious lounge/kitchen/diner with balcony, double bedroom with en suite, second double bedroom, and bathroom with shower over bath.
This property also includes a parking space within the gated development.
Close to Leeds City Centre, this property is within a 5 minute walk to the train station, is on bus routes and is close to all amenities the City Centre has to offer.
Entrance The property can be accessed via lift or staircase to the third floor. Living/Dining/Kitchen Open plan living space accommodates a spacious lounge with room for a dining table.
The kitchen is made up of wall and base units and comprises oven, hob with extractor above, integrated dishwasher, and freestanding fridge and washing machine. The space also boasts a balcony.
Bedroom 1 Spacious double bedroom with modern laminate flooring, featuring en suite shower room. En Suite 3-piece en suite comprising shower, toilet and sink.
Bedroom 2 Good sized double bedroom finished with modern laminate flooring. Bathroom 3-piece bathroom comprising shower over bath, toilet and sink.
External The property benefits from 1 allocated parking space. Lease We are advised by the vendor that the property is leasehold with 978 years remaining.
The current service charge is approximately £2400 per annum and the ground rent is £200 per annum. A buyer is advised to obtain verification from their solicitor or legal advisor.
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
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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 41, Velocity West, Leeds
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