2 bedroom apartment for sale

£185,000 Offers in excess of

2

Bedrooms

Floorplan

Positioned along the banks of the River Aire in the heart of central Leeds, this fifth-floor apartment offers a stylish and spacious living environment. The property boasts two generously sized bedrooms, two modern ensuites, and two private balconies-both with river views.

The desirable location places you just a short walk from Leeds Train Station, making it ideal for commuters and city dwellers alike. In addition, the apartment benefits from a secure, underground parking space.

Offered for sale at a discounted value as the development is due to start remedial work for the non ACM Cladding system. Full funding has been received for the works. The work is due to start towards the end of 2025 and anticipated to be a 2 year project. (further details will be updated once more information is received)

LEASEHOLD INFORMATION Lease term: 999 years from 1st January 2001
Ground rent 360.14 pa (review period every 10 years)
Service charge for the apartment is 2,080.23 pa (2025)
Structural service charge 342.06 pa
Building insurance for the period March 2025 - February 2026 1,137.56


THE PROPERTY Communal entrance with lift access to all floors. Secure mailboxes and concierge reception.

HALLWAY Entrance hallway with wood effect flooring, entry phone system and electric wall mounted heater.

Storage cupboard with plumbing for a washing machine.

LIVING AREA 25 4" x 9 11" (7.73m x 3.04m) The spacious living area has wood effect flooring throughout, floor to ceiling windows and patio door leads to the first of the two balconies. Electric wall mounted heater and feature wall lighting.

KITCHEN (open plan) The Kitchen has a range of fitted units in black gloss with integrated electric oven, hob, dishwasher and fridge with freezer compartment.

BALCONY The first balcony is accessed from the living area and has views towards the river and city beyond.

BEDROOM ONE 20 4" x 8 9" (6.20m x 2.69m) max The main bedroom is a great size with large fitted wardrobe. Floor to ceiling window and patio door leads to the second balcony. The room has newly fitted carpet, electric wall mounted heater and wall lights.

Storage cupboard housing the hot water cylinder.

ENSUITE 6 6" x 5 2" (1.99m x 1.60m) The first ensuite is open to the bedroom and comprises; shower, hand basin, w.c. and chrome heated towel rail.

BALCONY TWO The second balcony is a great size with views over the River and city centre.

BEDROOM TWO 17 2" x 8 10" (5.25m x 2.70m) The second spacious double bedroom has newly fitted carpet, electric wall mounted heater and double glazed window. Access to the ensuite.

ENSUITE / JACK N JILL BATHROOM 7 4" x 5 11" (2.24m x 1.82m) The Jack n Jill bathroom comprises; shower, hand basin, w.c. and chrome heated towel rail.

SECURE PARKING The property is sold with one allocated parking space which is located in the underground car park. Lift access to all floors.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 146075

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 4625
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 7325
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

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  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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