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See how verdicts work1-bedroom flat · LS11 5QB
Sold STCReduced £5k (−5%) on 20 JunListed 272 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** 1-bed apartment in fantastic bridgewater place development *** sold with vacant possession *** views across leeds city centre *** just redecorated and recarpeted *** Stoneacre Properties are delighted to bring to market this superb 1-bed apartment situated on the 24th floor of Bridgewater Place.
The development sits in the heart of the City Centre so easy access is provided to the shops, bars and restaurants of Leeds, as well as to Leeds train station which provides access across the country.
The property briefly comprises a double bedroom, bathroom, open plan Lounge/Kitchen. The development comprises lift and concierge service.
Bridgewater Place is a situated in the heart of the city centre and boasts an array of amenities within the complex itself with a Tesco Express, Starbucks, and 24 hour gym on floor 1 of the development.
Bridgewater is also a short walk from Leeds Train Station making it ideal for commuters, and is only a short walk to the array of amenities on offer in the city centre itself.
Entrance Building is entered via intercom entry system. There is a concierge desk and lift takes you up to the 24th floor. Entering the apartment you are welcomed into the hallway.
Hallway Offering access to storage cupboard that houses the water heater and washing machine.
Kitchen/Living Space Open plan living space with a kitchen comprising integrated appliances, space for seating and access out to the balcony.
Bedroom Accommodates a double bed with fitted mirrored wardrobes. Lease We are advised by the vendor that the property is leasehold with an original term of 250 years from 2007.
The current service charge is £1850 per annum and ground rent is currently £370 per annum. A buyer is advised to obtain verification from their solicitor or legal advisor.
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
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FAQ
About 2407 Bridgewater Place, Water Lane, Leeds
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