2-bedroom flat · LS27 0PD
Sold STCReduced £10k (−9.1%) on 20 JunListed 353 days
Opportunity summary
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About
Offered for sale with either an existing tenant or with vacant possession, this two-bedroom apartment would be ideal for first time buyers or property investors.
Ebenezer House is an impressive, Grade II listed building, a former Methodist church converted into quality apartments General Remarks Ideally situated just a short walk from Morley town centre this two-bedroom ground floor apartment offers an excellent opportunity for investors and first-time buyers.
The property benefits from a secure communal entrance hall and is within walking distance of Morley town-centre.
The spacious open plan living area will easily accommodate a dining table and the kitchen area has fitted wall and base units, hob, electric oven, fridge, freezer and washing machine.
The bathroom is part tiled and has a modern three-piece suite comprising: - bath with shower attachment, shower screen, WC and wash basin.
The property is ideally located within walking distance of Morley town centre which has a vibrant centre with a wide variety of local shops, indoor market, supermarkets and independent restaurants.
The local train station runs regular services to Leeds city centre and the motorway network is within easy reach.
The property is currently occupied under the tenure of a 12-month assured shorthold tenancy granted 1st January 2022 at a passing rent of £8700 pa We are advised by our vendor that the long leasehold was granted 1st January 2004 for 80 years and that the current service charge is £1591 pa and the ground rent is £200 pa.
We would strongly recommend that any potential purchaser confirms this through their own legal representative.
Local Authority, Council Tax Band & Covenants Leeds City Council Council Tax Band B Tenure, Services & Parking Long Leasehold Mains electricity, water and sewage; central heating On-street parking Local Authority, Council Tax Band & Covenants Leeds City Council Council Tax Band B Grade II listed building
Value & comps
No previous sales on record.
Returns
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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.
Area
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FAQ
About 1, Ebenezer House, 20, Fountain Street, Leeds
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