Summary - North Street, Leeds LS2 8JB
1 bed 1 bath Flat
Ready‑made rental in a characterful Victorian conversion close to transport.
Let at £950 PCM — immediate rental income
250‑year original lease from 2020 (≈246 years remaining)
Annual service charge c. £2,584.96; ground rent c. £212.77
High ceilings and large windows in a Victorian converted building
Small footprint (361 sq ft) — compact city‑centre layout
Heating via electric room heaters; main fuel electricity
High local crime rate; inner‑city student neighbourhood
Very slow broadband despite excellent mobile signal
This small one‑bed apartment in Leeds city centre is presented as a ready-made buy‑to‑let. Located on North Street within a converted Victorian building, it combines period character — high ceilings and large windows — with modern internal fittings and an open-plan kitchen/living area. The property is currently let at £950 pcm, offering immediate rental income for an investor.
Practical details important to buyers: the flat is leasehold (250‑year term from 2020, c.246 years remaining), with an annual service charge of approximately £2,584.96 and ground rent around £212.77. Heating is by electric room heaters and the main fuel is electricity. EPC rating D and council tax band C are noted.
Strengths for investors include the prime city‑centre location close to transport, amenities and student accommodation, excellent mobile signal and low management requirements with a sitting tenant. Drawbacks that affect running costs and appeal: high local crime levels, very slow broadband speeds, a relatively high service charge for the size of the flat, and no private outdoor space. Buyers should verify lease and service charge details with their solicitor before purchase.
Overall this is a compact, well‑presented city flat suited to investors seeking central, low‑touch rental stock rather than owner‑occupiers wanting larger living space or quieter neighbourhoods.
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