Ready-made city-centre buy-to-let with concierge and gym appeal.
Two double bedrooms, two bathrooms; about 689 sq ft, fully furnished
Small balcony with city-facing outlook; modern sliding doors
On-site gym and 24-hour concierge enhancing tenant appeal
Long lease (circa 250 years) — secure leasehold tenure
Service charge approx. £2,484pa; ground rent £250pa
Electric room heaters (no gas central heating) — higher running costs
Located in a multicultural student neighbourhood — strong rental demand, possible turnover/noise
Off-street parking available but usually at extra cost
This two-bedroom, two-bathroom apartment in The Gateway North offers a ready-made city-centre investment or low-maintenance home. Fully furnished and occupying about 689 sq ft, the flat includes a small balcony, fitted interiors and on-site concierge and gym — features that appeal to professionals, students and short-term tenants alike. The development is well placed for amenities, public transport and central Leeds attractions.
Financially the property is straightforward: a long lease (about 250 years remaining) and a common service arrangement. Service charges average £2,484 per year and ground rent is £250 annually; these running costs should be factored into yield calculations. The property is leasehold and situated in a lively, multicultural student neighbourhood, which supports strong rental demand but can mean higher tenant turnover and occasional noise.
Buyers should note practical cons: heating is electric via room heaters rather than central gas, which may raise energy costs and affect appeal to some long-term tenants. Parking is off-street but typically incurs an additional charge. Overall, the apartment suits investors seeking a city-centre let-ready asset or owner-occupiers wanting a furnished, low-upkeep urban base with strong connectivity.
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