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See how verdicts work1-bedroom flat · LS8 2JU
Sold STCListed 298 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Book now to view this lovely ground floor, one bedroom apartment in a popular over-60s retirement development.
It is on the doorstep of Roundhay Park and the facilities of Oakwood Parade, and has lovely communal gardens, and parking. Chain free.
The apartment itself is very accessible with a private back door directly into the property to the side of Homegarth House, as well as a front door accessed through the main block entrance.
The generously-sized living room has a feature fireplace, and plenty of room for sofas and a dining table. Large glass doors open out onto a communal area.
The kitchen opens off the living room and has an electric oven, with hob and a fridge freezer. The bedroom is a generous size, with built-in wardrobes.
There is also a lovely shower room with a large walk-in shower. Homegarth House is a safe place to live with a house manager and 24-hour 'on-call' assistance.
There is also a communal lounge and two free-to-use laundry rooms. Overnight visitors are able to book an ensuite bedroom for short stays, for a modest fee.
The shared gardens are attractively landscaped and very well maintained. There is communal parking.
Annual service charge: £3500 Annual ground rent: £245 Lease years remaining: 62 Note This property is of standard construction and has mains sewerage.
Water is supplied by Yorkshire Water and included within the service charge. It has double glazing and mains electric heating.
There are no private or public rights of way, flood risks, planning permissions or developments adversely affecting the property known to the vendor.
The vendors have opted to provide a legal pack for the sale of their property which includes a set of searches.
The legal pack provides upfront the essential documentation that tends to cause or create delays in the transactional process.
The legal pack includes • Evidence of title • Standard searches (regulated local authority, water & drainage & environmental) • Protocol forms and answers to standard conveyancing enquiries The legal pack is available to view in the branch prior to agreeing to purchase the property.
The vendor requests that the buyer buys the searches provided in the pack which will be billed at £360 inc VAT upon completion.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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
FAQ
About Homegarth House, 5 Wetherby Road LS8 2JU
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