Summary - MAGELLAN HOUSE 109 ARMOURIES WAY LEEDS LS10 1JG
2 bed 2 bath Flat
Bright third-floor apartment with riverside views and strong rental potential.
Two double bedrooms with en-suite to principal bedroom
This third-floor two-bedroom apartment in Leeds Dock offers bright, waterside city living with clear rental potential. Floor-to-ceiling windows and a Juliette balcony deliver west-facing river and city views, while an open-plan living area and recessed kitchen provide practical everyday space for tenants or owners.
Financially the flat is appealing to investors: at an asking price of £170,000 and an estimated rent of £1,100pcm, the property produces a strong gross income profile. The lease is long (150 years from 2022) and ground rent is low, though the annual service charge is relatively high and should be factored into net returns.
Practical details are straightforward: electric heating via meters and room heaters, double glazing, EPC C, and concrete-frame construction. These mean lower immediate maintenance risk, but electric heating can increase running costs compared with gas. The apartment is available immediately and sits within a popular development with on-site restaurants, shops and easy city access.
Overall this is a modern, low-management apartment well suited to buy-to-let or an owner-occupier seeking a central, waterside base. Budget realistically for service charges and potentially higher heating costs when assessing net yield and running expenses.
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