3-bedroom flat · LS1 4GQ
To rentListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
//Penthouse apartment //Duplex //Allocated parking //Private terrace //Under one minute to Leeds Station //Furnished //Available immediately //Communal roof terrace //Riverside development //LS1 location Watermans Place is part of the award-winning Granary Wharf scheme.
It’s a well-established mixed-use development which includes two residential buildings, a hotel, restaurants, bars and shops, all set in the canal basin.
Extra on site facilities include 24 hour concierge/security team, plus a residents only top floor terrace that includes rattan furniture, benches and herb gardens.
The city centre is within easy reach on foot and the new Southern entrance at the railway station is only a 2 minute walk away.
Also the water taxi to Leeds Dock will pick you up literally outside of your apartment.
Material information for consideration: Deposit: £2,472.00 Holding fee: £494.00 EPC Band: C Council Tax Band: E Cladding work pending Leasehold property Broadband: Standard highest download speed: 16mbps.
Standard highest upload speed: 1mbps Ultrafast highest download speed: 1800mbps. Ultrafast highest upload speed: 1000mbps. Mobile availability: EE likely to have good coverage.
Three likely to have good coverage. O2 likely to have good coverage. Vodafone likely to have good coverage. Utilities: No gas. Water supplied on a meter. Electric mains supplied on standard meters.
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Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Wharf Approach, West Yorkshire
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