Well-presented buy-to-let with parking, long lease and immediate rental income..
Currently let until Feb 2026 at £795pcm
Allocated off-street parking space included
Low service charge £940pa, long 999-year lease
Ground rent £250pa; review due 2028
EPC rating C
Electric room heaters (metered) — higher running costs
Compact 440 sqft one-bedroom layout
Investment-only sale, marketed with tenancy in place
A compact, well-presented one-bedroom apartment in Velocity East offered as an investment-only purchase. The property is tenanted at £795pcm until February 2026 (six-month break clause available after month four), providing immediate rental income and predictable cashflow for a buy-to-let buyer.
Practical positives include an allocated off-street parking space, low service charge (£940pa), an extremely long lease (999 years from 2003) and an EPC rating of C. The east-facing living room window brings morning light into the open-plan lounge/kitchen; the modern fitted kitchen and contemporary bathroom are in good condition.
Material considerations: heating is electric via room heaters (metered), not gas central heating, which can raise running costs and may affect tenant demand. Ground rent is £250pa with a review in 2028; the property is leasehold and marketed for investment use only. The apartment is modest in size (approx. 440 sqft) and suits investors targeting city-centre tenants or students.
Location benefits from easy access in and out of Leeds city centre, proximity to transport links and local amenities; Velocity is a popular, mostly modern development. Buyers should budget for typical landlord responsibilities and long-term maintenance planning for electric heating and communal building upkeep.
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