Summary - 16a Twenty Twenty, Skinner Lane LS7 1BB
1 bed 1 bath Apartment
Small ground-floor 1-bed with secure parking and strong rental income near Leeds centre.
Gross yield ~10.1% at current rent of £820pcm
A compact, income-producing ground-floor apartment in the popular 20:20 development, offered with secure off-street parking and EWS1 compliance. The property is currently let at £820pcm (since 2019), producing a strong gross yield of about 10.1% at the asking price, making it an attractive purchase for investors seeking immediate rental return.
The flat is small (377 sq ft) with an open-plan living, kitchen and dining area, one double bedroom and one bathroom. The development is well maintained and provides concierge, three communal terraces and on-site parking which support tenant demand and ease management.
Buyers should note material downsides: the apartment is ground floor and compact, located in an area with very high crime and medium flood risk. Heating is by electric room heaters, service charges average £1,631.24 per year (£407.81 quarterly), and the tenure details are listed as unknown despite 111 years remaining on the lease. These factors will affect running costs, insurance and appeal to some tenants.
Overall this is a pragmatic acquisition for an investor prioritising immediate income and strong yield in close proximity to Leeds city centre, provided the buyer is comfortable with the neighbourhood issues, electric heating and ongoing service charge costs.
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