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 · LS10 1JP
Sold STCReduced £20.1k (−11.8%) on 26 OctListed 222 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to Magellan House; a charming two bedroom, two bathroom apartment located on the second floor of a popular waterside development in the sought-after Leeds Dock, offering a perfect blend of city living and tranquil river views.
Ideal for professionals, couples, or investors alike.
This stylish apartment features a well proportioned entrance hallway with a handy storage cupboard, leading into a bright and spacious open-plan living, dining, and kitchen area.
The kitchen is fitted with wooden wall and base units, complete with integrated appliances.
Floor-to-ceiling windows flood the space with natural light and provide seamless access to the private balcony, boasting direct views over the River Aire; ideal for relaxing or entertaining.
The master bedroom is generously proportioned and benefits from a modern en-suite shower room, while the second double bedroom is perfect for guests, a home office, or sharers.
A modern three-piece house bathroom completes this ready to move in to home.
Residents have the option to rent a parking space for a reduced cost in the nearby Leeds Dock multi-storey car park, with on street parking also available.
Location wise, it doesn’t get better; nestled in a peaceful riverside setting, yet just a short stroll to the heart of Leeds city centre.
Enjoy an array of trendy bars, restaurants, cafes, and riverside walks right on your doorstep, all within this vibrant, waterside development.
The vendor informs us the EWS1 form was signed off on 22/09/2025 with the certificate due by the end of September.
The lease has 126 years remaining, the ground rent is £200 P/A with a 25 year review period and the service charge is due to significantly reduce in January 2026 with the cladding works now complete.
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
FAQ
About Magellan House, Armouries Way, Leeds, LS10
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