Modern Method of Auction
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See how verdicts work2-bedroom flat · LS6 1WD
For saleReduced £15k (−10.7%) on 14 OctListed 28 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An appealing two bed, two bath second floor apartment in a central Headingley location. Leasehold for 999 years from 2001. Service Charge - £2320 for 2026. Ground Rent – £350 per annum.
Council Tax Band C.
General Presented to the market with the benefit of no onward chain, this well-proportioned second floor apartment is set back from Cardigan Road and only a short walk to Headingley’s vibrant amenities.
The property is sure to appeal to first time buyers and investors alike (having been let to professional tenants for the last 20+ years - the last tenants paid £1075pcm) and in brief comprises: Communal entrance, a private entrance hall, a dual aspect lounge, a separate kitchen, two generous double bedrooms (one with an en suite shower room) and a second bathroom with an over bath shower.
‘Gardenhurst’ is set behind secure electric gates and there are two parking spaces with this property, something other comparable developments don’t offer. Electric heating & uPVC double glazing.
The property has the original fixtures and fittings from 2001 and we’ve no doubt some buyers will wish to upgrade to their own tastes.
The kitchen in particular is showing its age; however, we feel the guide price allows for upgrading. This property is for sale via the Modern Method of Auction – Reservation Fees apply.
Early viewing recommended.
Area Headingley is a vibrant suburb in north Leeds, with the ‘Gardenhurst’ development being particularly well positioned – enjoying both a central Headingley location and leafy surroundings with many mature trees in the immediate area.
The wide-ranging amenities of Otley Road are just a 10-minute stroll away, with two train stations located within a 20-minute walk.
The Universities & Business Schools are also close-by; and for those commuting into the city, the journey takes approx. 15 minutes by car and bus, and approx.
30 minutes on foot for those who enjoy walking. Ground floor communal entrance With a secure door entry intercom system and a lift to the upper floors.
Direct access into the under-croft/outside parking areas. Second floor entrance hall Giving access to all principal rooms, with laminate floor and a store cupboard.
Lounge A dual aspect reception room with a furniture friendly footprint, laminate flooring and space for a small table and chairs if desired.
Kitchen With laminate flooring and having a comprehensive range of wall and base cupboards incorporating an inset stainless steel sink unit with single drainer, integrated slim-line dishwasher, integrated washing machine, and split-level oven and hob with overhead filter hood with steel finish.
Space for freestanding fridge freezer of any height and having splash tiling above the work surfaces with ample electric sockets, recessed spotlights etc.
Bedroom one (double) With laminate flooring, fitted wardrobes and a furniture friendly footprint. Leading to...
En suite shower room Having a fully tiled shower cubicle with a plumbed shower, pedestal washbasin and a low-level WC. Partial wall tiling elsewhere and wood effect vinyl flooring.
Bedroom two (double) A very generous second double bedroom with laminate flooring and a furniture friendly footprint. The central heating boiler is housed in a cupboard.
House bathroom Having a panelled bath with a ‘telephone style’ shower attachment, a pedestal washbasin, a low level WC, splash tiling, extractor fan and recessed spot lighting.
Parking This particular flat has two car parking spaces, which is a rare benefit for a development of this age.
Outside There are maintained gardens and grounds surrounding the property with lawns, flower beds and borders, and patio areas all of which are maintained by the management company from the service charge collected.
Material information: Tenure Leasehold for a term of 999 years from 2001. Service charge We understand the service charge for 2026 to be £2320.
Ground rent We understand the ground rent to be £350 per annum.
Services The property has mains electricity, water and drainage/sewerage, which were connected and working at the time of our inspection.
Broadband/mobile signal & coverage Broadband is available in this area / mobile signal & coverage is available in this area.
Flood risk & planning permission Flood risk – not known to be an issue / planning permission – none in the immediate area.
Council tax band C auctioneer comments This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the `Reservation Period`).
Interested parties’ personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £ 349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional. Referral arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you.
Whilst these services are recommended, as it is believed they will be of benefit, you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted, the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
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
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FAQ
About Flat 12, Gardenhurst, 45, Cardigan Road, Leeds
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