Summary - Kirkgate, Leeds, LS2 LS2 7DB
1 bed 1 bath Flat
Immediate income in Leeds with rental growth potential for investors.
Tenant in situ delivering immediate £9,300pa income
Previously let at £850pcm — rent-upside potential
Net yield approx. 6.3% (after charges and ground rent)
Leasehold: 135 years remaining
Small one-bedroom, about 356 sq ft — compact living space
Service charge £2,168pa and ground rent £200pa
Very slow broadband in the area — affects streaming/homeworking
Very high local crime rate — consider managed tenancy costs
A compact one-bedroom apartment in the heart of Leeds city centre, offered with a tenant in situ and immediate rental income. The property produces £9,300pa at present, with previous rents up to £850pcm suggesting short-term income growth potential and a competitive net yield around 6.3–6.9% after charges.
Located in a Victorian building on Kirkgate, the flat is small (approx. 356 sq ft) and suits investors targeting student or city-centre demand. The lease has 135 years remaining, providing long-term security. Quarterley service charges and a modest ground rent apply and are already reflected in net yield calculations.
Buyers should note practical drawbacks: broadband speeds in the area are very slow, and the neighbourhood records very high crime levels — factors that can affect tenant turnover and management requirements. The apartment’s compact layout and ongoing tenancy mean owner-occupation isn’t possible immediately; the sale is primarily an investment purchase.
Overall this is a low-entry, high-yield opportunity for investors comfortable managing student or city-centre lets. The property offers immediate, hands-off income with scope to re-let at higher rents, but budgeting for service charges, security considerations and potential management costs is essential.
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