Summary - 42A HIGH STREET MORLEY LEEDS LS27 9AU
1 bed 1 bath Flat
Small stone-built one-bed with strong rental yield and immediate income..
Tenant paying £700pcm — immediate rental income and strong gross yield (~11.2%).
Small one-bedroom flat — approx. 364 sq ft.
Leasehold with 84 years remaining — may affect mortgage options.
Electric room heaters; potential higher running costs.
Pre-1900 stone walls, likely little wall insulation.
Double glazing present; installation date unknown.
Close to Morley town centre, train station and motorway links.
Area rated very high for crime and classed as deprived.
A compact, stone-built one-bedroom flat in central Morley currently let at £700pcm, offering immediate rental income and an attractive gross yield of about 11.2% on the asking price. The apartment sits in a traditional mid-terrace building with an open-plan lounge/kitchen, double bedroom and bathroom — a straightforward, low-upkeep rental unit for a buy-to-let portfolio.
Important considerations are plain: the property is leasehold with 84 years remaining and electric room heaters as the main heating source. The building is of pre-1900 construction with assumed uninsulated stone walls and double glazing of unknown age, which can mean higher running costs and potential retrofit work if future comfort or efficiency improvements are desired.
Location is a strength for renters — close to Morley town centre, schools, train station and motorway links — but the area scores high for crime and is classed as deprived, which may affect tenant mix, void risk and long-term capital growth. The current tenant is sitting and paying rent; the sale is effectively chain-free.
Practical financial notes: the service charge is modest at £250 (below average) and council tax is very cheap. This is a small property (approx. 364 sq ft) best suited to investors seeking immediate yield or buyers prepared to manage modest maintenance and potential retrofit for insulation or heating upgrades.
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