Summary - MAGELLAN HOUSE 82 ARMOURIES WAY LEEDS LS10 1JG
1 bed 1 bath Apartment
Newly refurbished, tenanted investment with EWS1 and strong rental yield.
First-floor waterside apartment with Juliet balcony
A smart, newly refurbished one-bedroom apartment on the first floor of Magellan House, set on Leeds Dock with canal-facing views. The property is presented furnished and in move-in condition, with an open-plan living/kitchen, double bedroom and fully tiled bathroom. Recent building fire-safety and cladding works have been completed and an EWS1 is in place, allowing commercial lending.
This is offered with long-term tenants in situ and a reported current gross rental yield of c.6.6% (optimised c.7.1%), making it well suited to investors seeking a near‑ready income stream. Water rates are included in the tenancy and the apartment benefits from on-site amenities, good transport links and proximity to city-centre restaurants and leisure.
Practical costs to note: the service charge is c.£2,988 per annum and ground rent £200 per annum. The lease has around 128 years remaining. The accommodation is compact — typical city-centre waterside living — so it suits investors, professionals or first-time buyers comfortable with smaller footprints.
Overall, this is a low-maintenance, contemporary apartment in a desirable riverside location, offering reliable rental income and easy access to Leeds city amenities.
1 bedroom flat for sale in Armouries Way, LEEDS, LS10 — £130,000 • 1 bed • 1 bath • 454 ft²
1 bedroom apartment for sale in Clarence House, The Boulevard, Leeds, LS10 — £155,000 • 1 bed • 1 bath • 571 ft²
2 bedroom apartment for sale in Armouries Way, LEEDS, LS10 — £155,000 • 2 bed • 2 bath • 757 ft²
2 bedroom apartment for sale in Armouries Way, LEEDS, LS10 — £160,000 • 2 bed • 2 bath • 661 ft²
1 bedroom apartment for sale in The Boulevard, LEEDS, LS10 — £145,000 • 1 bed • 1 bath • 360 ft²
1 bedroom flat for sale in The Boulevard, Leeds, LS10 — £120,000 • 1 bed • 1 bath • 337 ft²
