1-bedroom flat · LS27 8BJ
For saleReduced £3k (−4.9%) on 4 FebListed 386 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with no onward chain, this one-bedroom ground floor apartment is ideally situated within easy walking distance of Morley town centre.
Benefiting from gated car-parking it would be ideal for first time buyers and investors.
This modern ground floor apartment is ideally located within the highly popular Melbourne Mills development, just a short walk from Morley town centre.
Secure gated access opens to the resident and visitor parking spaces and the building has secure access to the communal areas with intercom access for guests.
The accommodation comprises; - inner hallway with a storage cupboard, one bedroom, bathroom and an open plan living space with a kitchen area.
The kitchen area has fitted wall and base units, ample worktop space, sink, drainer and an integrated hob, oven, fridge and washing machine.
The part-tiled bathroom has a three-piece suite including bath with shower over, shower screen, low level flush WC and wash basin.
The property is located just a short walk from Morley which has a vibrant town centre with a wide variety of shops, amenities and even an indoor market.
Leeds city centre is approximately 5 miles away and is readily accessible via the local train station, the nearby park and ride or excellent public transport links.
We understand that the lease expires in 2129 and that the ground rent is £400.00 per annum and the service charges are to be confirmed.
We highly recommend that any prospective purchaser confirm these figures independently.
Local Authority, Council Tax Band Leeds City Council Council Tax Band A Tenure, Services & Parking Leasehold Mains electric, water and sewerage installed, there is no gas to the property.
Residents and visitor parking is available on a first come first served basis.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 34 Melbourne Mills,, Melbourne Street, Leeds
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