Summary - 49 CLARENDON ROAD LEEDS LS2 9NZ
5 bed 5 bath Terraced
Victorian investment close to Leeds Uni and LGI — three flats, strong income potential.
- Gross rental income circa £34,000 per year
- Three self-contained flats (2 x 1-bed, 1 x 3-bed) under one title
- 2,025 sq ft Victorian mid-terrace with period features
- Very close to Leeds centre, university and Leeds General Infirmary
- Freehold; tenants currently pay bills; fully let or sold with vacant possession
- Area records very high crime — consider management/insurance costs
- Solid brick walls assumed uninsulated; glazing installed before 2002
- Basement front area offers space for extra accommodation (subject to consents)
An established Victorian mid-terrace arranged as three self-contained flats, currently producing a gross rental income of about £34,000 per year. The building occupies an excellent central location in Woodhouse, within walking distance of Leeds city centre, the main university campus and under 200 metres from Leeds General Infirmary and Dental Institute — strong demand drivers for student and medical-staff lets.
The accommodation totals approximately 2,025 sq ft and comprises two one-bedroom flats (ground and lower-ground) and a large three-bedroom flat over first and second floors. Period features such as high ceilings, sash and bay windows and original fireplaces add character and lettable appeal. The property is freehold and each flat is served by gas central heating and partial PVCu double glazing.
This is a turnkey investment: fully let with tenants currently paying bills, and sales can be offered with part or full vacant possession to suit a buyer’s plan. There is also scope to improve income — the basement front area has potential for additional living space (subject to consents) and flats could be marketed individually on long leaseholds since all units sit under one title.
Known drawbacks are factual and significant: the area records very high crime rates which can affect management and tenant turnover; walls are solid brick and assumed to have no cavity insulation; some glazing predates 2002; and communal/maintenance responsibilities will fall to the freeholder. Buyers should factor in possible upgrade costs and confirm local licensing or HMO requirements for student lets.
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