Summary - Apartment 2101 Bridgewater Place, Water Lane LS11 5QB
1 bed 1 bath Flat
Tenant in situ with steady income and excellent transport links.
On-site concierge and gym, Tesco Express and Starbucks onsite
A practical buy-to-let opportunity in a popular Leeds development, offered with a sitting tenant delivering immediate income. The one-bedroom apartment (551 sq ft) sits within a modern high-rise with concierge, onsite gym, Tesco Express and coffee outposts — features that support strong tenant demand and ease of management.
Income-focused buyers will value the current rent of £915 pcm and the advertised net rental yield of 5.94%. The building is EWS1 compliant and benefits from double glazing and fast broadband and excellent mobile signal, which suit city professionals and students attracted to the cosmopolitan waterside neighbourhood. Access to the main railway station and nearby leisure and retail amenities adds to lettability.
Buyers should factor in the holding costs: an average annual service charge of £3,200 and ground rent of £370, plus electric room heaters as the main heating source which can increase utility bills. The property is leasehold and located in an area with very high recorded crime rates — these are material considerations for management, insurance and resale.
Overall this is a turn-key rental asset for investors seeking immediate revenue and a central location, while those seeking long-term capital growth should budget for ongoing service charges and higher running costs associated with electric heating.
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