Summary - North Street, Centenary House, LS2 LS2 8JB
1 bed 1 bath Flat
Chain-free one-bedroom flat with city views and strong rental yield—ideal first-time buyer or investor.
Vacant possession and chain-free, ready to occupy or let
This compact one-bedroom apartment sits in a converted Victorian building on North Street, offering a long lease (246 years) and vacant, chain-free possession. The flat benefits from high ceilings, large windows and direct city views from the double bedroom, giving authentic period character with a modern fitted kitchen/living area and shower room. Its central location is a practical plus: Leeds train station, supermarkets and the A64 are all close by.
The property presents clear investment potential. The advertised potential rent of £875 pcm equates to a strong gross yield (approx. 10.7%) at the asking price, making it suitable for first-time buyers or buy-to-let purchasers seeking city-centre income. Service charge and ground rent are modest (£1,000 and £134 pa respectively) and the long lease removes short-lease complications.
Buyers must note material drawbacks plainly. The building is Grade II listed — this can restrict alterations and may complicate permissions and insurance. There is currently no EWS1 assessment in place; some lenders may require additional checks or restrict mortgage offers (cash buyers or lender confirmation recommended). Heating is electric room heaters rather than central heating and broadband speeds are reported as very slow.
The surrounding area is inner-city and multicultural with many amenities close by, but it also matches a high-crime profile and local deprivation indicators; on-street, unallocated parking only. These factors suit buyers who prioritise central location and rental yield over suburban calm and fast broadband. Suitable purchasers should budget for listed-building constraints and check lender criteria before committing.
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