2-bedroom flat · LS10 1JH
Sold STCReduced £15k (−5.5%) on 29 MayListed 326 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious two bedroom apartment with river views and allocated car parking. Flax House forms part of Victoria Quays, one of the first city centre residential developments converted in 1988.
Accessed off Navigation Walk the development is in a sought after location between Dock Street and the River Aire with a great range of amenities in the immediate area and within a 9 minute walk from Leeds railway station, 10 minutes from Victoria Gate and 6 minutes from Trinity.
(All walking times taken from Googler Maps) LEASEHOLD INFORMATION Lease term: 150 years from 1st February 1986 Ground rent £25 PA Service charge for 2024 £1,870.92
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
FAQ
About Flax House, Navigation Walk, LS10
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