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See how verdicts work2-bedroom flat · LS10 1JG
Sold STCListed 413 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
EWS1 Certificate now available - B1 Rating Presenting a superb opportunity to acquire a modern two-bedroom apartment situated on the 4th floor in the heart of Leeds city centre.
The property offers modern living with unparalleled convenience and is complemented by striking views across the city skyline.
The flat features a well-appointed open plan living area with a Juliet balcony. Views towards Leeds City and The River Aire. Two generously sized bedrooms and two bathrooms.
Residents also benefit from the on-site concierge service, providing added security and peace of mind.
Located moments away from all the city's amenities and Leeds train station, this property is offered for sale chain free with vacant possession making it an ideal first home.
LEASEHOLD INFORMATION Lease term: 150 Years (less 10 days) from 26.03.2002 Ground rent £200 pa (the ground rent has a doubling review period every 25 years - next review is 2027) Service charge for 2026 £3,163.27 (includes building insurance and water charges) THE PROPERTY Communal entrance with secure mail boxes and lift to all floors.
HALLWAY The hallway has a large storage cupboard housing the hot water cylinder and plenty of additional storage space. Wooden flooring throughout, electric wall mounted heater and spot lighting.
LIVING AREA 24' 3" x 10' 0" (7.40m x 3.05m) The open plan living area has floor to ceiling windows and Juliet balcony with views of the city skyline and The River Aire.
KITCHEN (Open Plan) The kitchen has a range of fitted units with granite worksurface.
Integrated appliances include; electric oven, four ring electric hob, slimline dishwasher, fridge / freezer, washing machine and microwave.
BEDROOM ONE 17' 3" x 9' 0" (5.26m x 2.76m) The main bedroom is a great size with large double glazed window and electric wall mounted heater.
ENSUITE 6' 8" x 5' 2" (2.04m x 1.58m) The ensuite comprises; large shower unit, hand basin, w.c., chrome heated towel rail and recessed shelving.
BEDROOM TWO 12' 9" x 8' 9" (3.89m x 2.67m) The second double bedroom has a large double glazed window and electric wall mounted heater.
BATHROOM 7' 6" x 5' 4" (2.30m x 1.65m) The bathroom comprises; bath with shower over, hand basin, w.c. chrome heated towel rail, shaver point and recessed shelving.
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.
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FAQ
About Magellan House, Armouries Way
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