1-bedroom flat · LS1 4GJ
Sold STCListed 528 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious 17th floor one-bedroom apartment in a very well-established building in a central location.
Many of the city's amenities are within easy walking distance including the General Infirmary (21 minutes), the Law Courts (17 minutes), the Business District (10 mins) and direct access to the railway station is available from the development.
The main shopping areas of Trinity (8 mins) and Victoria Gate (8 mins) are also close by.
The property is positioned on the 17th floor and has a balcony with far-reaching views over the top of the Hilton Double Tree Hotel; residents also have access to the 21st floor communal roof terrace offering panoramic views of Leeds.
Granary Wharf is a mixed-use waterside development consisting of 282 apartments split across two residential buildings.
Candle House is a 21-floor cylindrical tower with 160 apartments and Watermans Place is a tiered building with a further 122 apartments. Built by Muse Developments in 2009/2010.
Granary Wharf offers a great range of amenities including restaurants, bars, cafes as well as a convenience store, nail salon, hotel and direct access to the southern entrance to the train station.
The development sits on a site flanked by the railway arches, the Leeds Liverpool canal basin and the River Aire.
Vehicular access is off Wharf approach via Water Lane and pedestrian access is either via the dark arches or Little Neville Street and then by crossing the foot bridge.
We are advised of the following leasehold information: Service charge Approx. £2460.A Ground rent is £275 P.A Lease length 250 years from 2007
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
Agent & docs
FAQ
About Candle House, Granary Wharf
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