Summary - Flat 1, 88, North Street LS2 7PN
1 bed 1 bath Apartment
Investment-ready Leeds flat with immediate rental income and Victorian conversion character.
7.6% gross yield; currently let at £795 pcm until Oct 2025
A compact one-bedroom apartment in North Street Lofts, offered to investors as a let property producing a 7.6% gross yield. The flat is currently tenanted at £795 pcm until October 2025, providing immediate rental income and a short walk to Victoria Gate shopping and the Northern Quarter’s bars and restaurants.
The building is a Victorian conversion with a modern extension and large windows; the apartment includes an open-plan kitchen/living area with integrated appliances, a double bedroom and a contemporary bathroom. Practical extras include designated bicycle storage and a lockable ground-floor storage room.
Notable costs and constraints are presented plainly: this is a leasehold flat with about 111 years remaining on the lease, an annual service charge of £1,951.74 (including building insurance) and a ground rent of £300 per year. Heating is by electric room heaters and the main fuel is electricity, which can mean higher running costs than gas-heated homes.
Location strengths are clear for lettings — fast broadband, excellent mobile signal and proximity to public transport, shops and nightlife. Conversely the immediate area is classified as a deprived, multicultural student neighbourhood with a higher crime level than average; these factors influence tenant demand, insurance and future resale positioning. The property carries an EWS1 B1 rating.
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