2 bedroom penthouse for sale

£400,000 Offers in excess of

2

Bedrooms

2

Bathrooms

Floorplan

Stunning Penthouse with Breathtaking Wraparound Terrace Overlooking the River Aire & Leeds City Skyline.

Experience the very best of city living with this immaculate two-bedroom, two-bathroom penthouse apartment in the highly sought-after area of Leeds City Centre. Perfectly positioned at Magellan House, Armouries Way, this exceptional home is in a prime location for all the city amenities, the train station, and key motorway links.

The property features a bright, open-plan living and dining area with direct access to the terrace. The modern upgraded kitchen includes integrated appliances and high-quality fittings. The main bedroom is a spacious double with an en-suite shower room and direct access to the terrace, while the second double bedroom also benefits from fitted storage and an en-suite bathroom. There is an additional separate guest W.C. off the hallway.

The expansive wraparound terrace-a rare find in the city-boasts sweeping views over the River Aire, Leeds Dock, and the City skyline beyond.

Additional highlights include:

Allocated parking space
EWS1 Certificate available with B1 rating
On-site concierge service offering security and convenience

This penthouse effortlessly combines luxury interiors, unbeatable views, and generous outdoor living-all within one of Leeds most vibrant and connected locations.

Early viewing is strongly recommended to fully appreciate the exceptional lifestyle this stunning property has to offer.

THE PROPERTY Communal entrance with secure fob entry system, mail boxes and lifts to all floors.

HALLWAY Entrance hallway with wooden flooring throughout and recessed spot lighting.
Storage cupboard housing the hot water cylinder (replaced in the last 2 years)

LIVING AREA 23 6" x 18 4" (7.17m x 5.61m) The open plan living area has floor to ceiling windows with stunning views over Leeds. Wooden flooring and recessed spot lights. Electric wall mounted heater.

KITCHEN 13 5" x 9 3" (4.11m x 2.84m) The open plan Kitchen has been upgraded in recent years and has a range of modern fitted units, breakfast bar with seating for four and a range of integrated appliances which include; electric oven, five ring electric hob, dishwasher, fridge / freezer, washing machine and wine fridge.

TERRACE The terrace extends around the property, measuring approximately 18.5 metres in length. It provides direct access from the main living area and principle bedroom offering panoramic views of the River Aire, Leeds Dock, and the city centre. The space is ideal for outdoor seating and dining.

BEDROOM ONE 15 10" x 14 0" (4.85m x 4.28m) The principal bedroom is generously proportioned, featuring large windows and direct access to the terrace. It includes extensive fitted wardrobes and an en-suite bathroom.

ENSUITE 8 10" x 5 5" (2.71m x 1.67m) The first ensuite has been renovated in recent years and comprises; bath with shower over, separate shower unit, hand basin and w.c. Chrome heated towel rail and shaver point.

BEDROOM TWO 12 1" x 9 7" (3.69m x 2.94m) The second double bedroom has river and city views, large fitted wardrobe and shelving with access to the second ensuite.

ENSUITE 6 8" x 5 1" (2.05m x 1.56m) The second ensuite comprises; large shower unit, hand basin, w.c. and chrome heated towel rail.

GUEST W.C 6 0" x 2 3" (1.85m x 0.7m) Situated off the hallway the guest W.C. is partly tiled with hand basin, w.c. and heated towel rail.

ALLOCATED PARKING The property is sold with secure allocated parking.

LEASEHOLD CHARGES Lease term: 150 years (less 10 days) from 26th March 2002
Ground rent 200 pa - the review period is every 25 years with the first due in 2027
Service charge for 2025 is 6,415.92 pa (there are ongoing negotiations to reduce this figure)

EWS1 certificate now available - B1 Rating

Map location is not available for this property.

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

£ 332700

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
    £ 10000
  • 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

£ 32700
  • 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.

£

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

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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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