Modern Method of Auction
Auction date not yet published
1-bedroom flat · LS11 5QT
For saleReduced £19k (−19.2%) on 1 OctListed 73 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary We are pleased to present this stunning, furnished one bedroom apartment located on the 13th floor of the iconic Bridgewater Place.
A 32-floor skyscraper located just south of Leeds train station, Bridgewater Place is a mixed-use development, with on-site facilities including a gym, Tesco Express and Starbucks, as well as a concierge, and is only a short walk into the city centre.
Monthly Rental Income: 725pcm Annual rental income: 8,700.00 Service charge cost: Approx 650 per quarter Annual ground rent cost: 370.03 per year living room - As you enter the flat via the hallway, you are greeted by the quirky open plan living space.
Decorated with wooden laminate flooring and white walls, the room boasts large wall-to-wall windows that offer spectacular views over the city below and beyond.
Access is also made available to the bedroom, via a curved wall fitted with three opaque windows. The flat includes a sofa, coffee table, TV stand and desk.
Kitchen/diner - The compact kitchenette is tucked away and has a range of white high gloss cupboards, with complementary white stone effect work tops.
High end appliances include a fridge with freezer box, two pan hob, microwave and oven for your convenience. A bar table and stools provides space for dining.
Bedroom - The bedroom, which can be accessed from the entrance hall and is also open to the living space, is bright and airy.
With a built-in wardrobe providing both hanging space and additional storage, benefiting from mirror doors as well, the bedroom also comes with a double bed, mattress, bedside table, shelves and a TV.
A blind in the opening into the living area can be pulled down to block sunlight, ensuring a peaceful night.
Shower room - The shower room, located by the front door, is fully tiled, with a modern, high-quality white suite, consisting of a W/C, wash basin and mixer-controlled shower.
Also included is a heated towel rail and large wall mounted mirror.
Hallway & storage cupboard In the hallway, a large storage cupboard houses a washing machine and hot water cylinder/boiler for convenience with additional space for belongings.
Council Tax Band: B Tenure: Leasehold Length of Lease: 231 Annual Ground Rent Amount: 370.00 Annual Service Charge Amount: 2,600.00 Service Charge Review Period: Quarterly Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.
This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.
The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.
The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.
An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
Value & comps
No previous sales on record.
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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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 1301 Bridgewater Place,, Water Lane, Leeds
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