2-bedroom flat · LS27 8BJ
For saleReduced £5k (−7.7%) on 17 OctListed 317 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This spacious two-bedroom first-floor apartment is ideally located close to Morley Town Centre, placing a wide range of amenities within easy reach.
The property sits within a secure development that provides an allocated parking space along with additional visitor spaces.
The apartment is offered with a sitting tenant currently tenanted at £795pcm, offering an appealing opportunity for those seeking a ready-made investment.
Inside, the open-plan living kitchen provides a functional and comfortable space, featuring a fitted kitchen with wall and base units, complementary work surfaces, a sink and drainer with mixer tap, and integrated appliances including an electric oven, fridge and washing machine.
A fitted extractor fan, two storage heaters and a double glazed window complete this versatile room. The property offers two bedrooms, both with double glazed windows and storage heaters.
The main bedroom includes fitted wardrobes and access to a cupboard housing the boiler. The second bedroom is well-proportioned and suitable for use as a guest room or study.
The bathroom comprises a three-piece suite with a bath and shower over, low-level WC and wash basin, complemented by part-tiled walls and an electric towel heater.
Externally, the development benefits from an allocated parking space as well as visitor parking for added convenience.
Anti-Money Laundering (aml) Checks - As part of making an offer, we're required by law to complete Anti-Money Laundering (aml) checks to confirm the identity of all purchasers.
To cover the cost of this process, a fee of £48 inc VAT per buyer is payable when your offer is accepted.
This is a standard requirement for all buyers and helps us ensure your offer can be progressed as quickly and smoothly as possible.
Additional Information Tenure Leasehold 125 years from 1 January 2004 Disclaimer Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers.
We would advise that any buyer make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change Ground Rent £556 Per annum Service Charge £1600 Per annum service charge & £556 Buildings insurance per annum - £2,156 Per annum total
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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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
Agent & docs
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FAQ
About 49, Melbourne Mills, Melbourne Street, Leeds
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