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See how verdicts work2-bedroom flat · LS11 9BE
Listing removedReduced £10k (−5.7%) on 20 JunListed 269 days
Opportunity summary
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About
**good value** low service charge **652 sqft** 999 year lease **allocated parking space** easy access to the motorways **close to leeds station** available immediately EPC Rating C.
This 2 bedroom, 2 bathroom, 5th floor apartment – forms part of this highly sought after development of Velocity.
Covering 652 sqft, the open plan living area offers a beech inspired u-shape kitchen, with built-in appliances including an electric, ceramic hob and dishwasher.
The living space allows for both lounging, dining and a study area – if so desired. Off the entrance hall are two double bedrooms, a contemporary bathroom and water cylinder cupboard.
One allocated parking space is included. Rented at £1,050pcm until the 27th May at £1,050pcm = 7% gross return.
Under new ntselat legislation, we are obliged to provide the following information:- Ground Rent - £250pa (reviewed 25 years, after the start of the lease - next review 1st January 2028, not at rpi) Service Charge - £1,614pa Council Tax - Band D Lease Term - 999 years from January 2003 Heating – Electric, via a meter / Water - Mains connected, via a meter Broadband - No issues to report / Mobile – No issues to report Construction type – Brick and concrete frame Building Safety - EWS1 A2 rated Flood Risk:- None Planning Permissions:- None the development:- Velocity is a very popular development with owner-occupiers and tenants alike.
It takes the form of four individual blocks, the majority with balconies, but all with parking.
Being positioned south of the city, it offers both easy access into and out of the city centre, with the main motorways being just around the corner.
Being part of the up and coming South Bank project - this location is one to watch in the future.
Kitchen:- Being part of the lounge / diner, the kitchen is beech in colour, with matching grey worktops.
Built-in appliances include, an electric oven and ceramic hob with extractor hood over - as well as a freestanding dishwasher and fridge-freezer.
Bedroom 1:- Allowing for a king-size bed, side tables and drawers – with the built-in wardrobes providing both hanging space and additional storage.
Bedroom 2:- The second bedroom allows for a double bed, side tables and wardrobes - making it ideal for sharers and owner-occupiers alike.
Bathroom & en-suite:- Mostly tiled and incorporating white suites, with mixer-controlled showers, wall mounted mirrors and heated towel rails.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 42, VELOCITY NORTH, 3 CITY WALK, LEEDS
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