2-bedroom flat · LS11 9BG
Listing removedListed 63 days · slow let
Opportunity summary
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About
//Two bedroom apartment //Corner balcony //Furnished //Allocated parking //Second floor //Available immediately //10 minute walk to Leeds Station //Two bathrooms This well-presented, 2 bedroom, 2 bathroom apartment, is located on the 2nd floor of the popular development of Velocity.
Covering 679sqft in total, the open plan living area offers a well fitted kitchen, with built-in appliances, including an electric oven, halogen hob, extractor hood, dishwasher and washer/dryer.
The lounge/diner has large floor to ceiling windows, which open onto a corner balcony, offering city views towards the south.
Off the entrance hall, is the family bathroom, cylinder cupboard and 2 double bedrooms - the principle having with built-in wardrobes and an en-suite shower room.
One allocated parking space is included. The development:- Velocity is a very popular development with owner-occupiers and tenants alike.
It takes the form of four individual blocks, the majority with balconies, but all with parking.
Being positioned south of the city, it offers both easy access into and out of the city centre, with the main motorways being just around the corner.
Being part of the up-and-coming South Bank project - this location is one to watch in the future.
Lounge / dining room:- The open plan living space in this apartment, has distinctive living and dining areas, both of which benefit from full height windows – which give access to a corner balcony.
Kitchen:- Beech-inspired, where built-in appliances include, an electric oven, ceramic hob with extractor over, dishwasher, fridge, with freezer box and washing machine.
This space also benefits from a large picture window, which floods the space with light.
Bedroom 1:- Boasting built-in wardrobes and a large en-suite shower room, this generous room easily allows for a king-size bed, side tables and drawers.
Views are afforded in a southerly direction, from a large picture window.
Bedroom 2:- Also generous in proportion, the second bedroom easily allows for a double bed, bedside tables and wardrobes - making it ideal for owner-occupiers alike.
Bathroom & en-suite:- Mostly tiled, the suites are white and encompass mixer showers, wall mounted mirrors and heated towel rails.
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
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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
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FAQ
About Flat 34, Velocity West, 5, City Walk, West Yorkshire
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