1-bedroom flat · LS1 2RY
No longer listedListed 51 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Deposit free option available //Fully furnished //LS1 location //High ceilings //Loft style storage //Original windows //5 Minute walk to the train station //Restaurants & shops on your doorstep //Development has a lift 42 Park Place, is a beautiful former office/warehouse conversion - located in the heart of the Financial District.
Carefully converted into 8 apartments in 2015, most retain original features, including high ceilings and large window openings.
This imposing Neo-Gothic building, with intricate sandstone and redbrick detailing - offers extremely central living, on a bespoke scale and is well positioned for easy access into and out of the city centre, as well as all the popular bars, shopping and restaurants the area has to offer.
Material information for consideration: Deposit: £1,182 Holding fee: £235 Council tax: C EPC: E Leasehold property No parking included Broadband: Standard highest download speed: 16mbps.
Standard highest upload speed: 1mbps Mobile availability: EE likely to have good coverage. Three likely to have good coverage. O2 likely to have good coverage. Vodafone likely to have good coverage.
Utilities: No gas. Water supplied on a meter. Electric mains supplied on standard meters. For more information, or to book a viewing please contact our rentals team via /
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 42, Park Place, Leeds, LS1
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