Summary - Flat 9 Velocity West, 5, City Walk LS11 9BG
2 bed 2 bath Flat
Long lease city-centre apartment with balcony and parking — sold by auction, factor buyer fees..
- Long lease: 978 years remaining
- Sold by auction; Reservation Fee 4.5% (min £6,600)
- Annual service charge approx £2,400; ground rent £200
- Third-floor apartment with lift access and balcony
- One allocated gated parking space included
- Heating via electric room heaters (no gas central heating)
- EPC rating C; low flood and crime risk
- Located near train station and city-centre amenities
A well-proportioned two-bedroom third-floor apartment in Velocity West, positioned within walking distance of Leeds train station and the city centre. The open-plan living/kitchen area with balcony and large windows offers good natural light and straightforward city-centre rental appeal. The property includes one allocated gated parking space and lift access.
For investors, the long lease (978 years) and practical layout — master bedroom with en suite plus a second double bedroom — make this easy to let to professionals or students in this cosmopolitan, mixed neighbourhood. Serviceable modern finishes and integrated kitchen appliances reduce immediate refurbishment needs.
Important sale details and costs are material: the property is sold by auction (Modern Method of Auction) with a non-refundable Reservation Fee of 4.5% of the purchase price (minimum £6,600) and a Buyer Information Pack fee of £300. Annual service charge is approximately £2,400 and ground rent £200. Heating is by electric room heaters rather than a central gas system, and the EPC rating is C.
This apartment suits cash buyers or purchasers comfortable with auction timetables and fees. It represents a central-location investment with low flood and crime risk, fast broadband and excellent mobile signal, but factor in running costs and the auction process before bidding.
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