Summary - 96 POTTERNEWTON LANE LEEDS LS7 3DH
4 bed 4 bath Block of Apartments
Three-let period conversion with immediate income and parking.
Freehold block converted into three self-contained flats
A rare freehold investment on Potternewton Lane: a stone-built period house converted into three self-contained flats, sold with existing tenancies and no onward chain. The block returns a confirmed annual rental income of £28,440 and has a newly fitted roof plus double glazing and gas central heating throughout. Off-street parking for 2–3 cars and communal garden space add practical appeal for tenants.
Accommodation is arranged as one two-bedroom duplex (Flat 1) and two one-bedroom flats (Flats 2 and 3). Flat 3 has been recently updated; White goods are included in the kitchens. EPC ratings vary (D, D and E) so improving energy performance could reduce running costs and enhance lettability. The property is offered as an average-sized multi-storey conversion totaling approximately 1,782 sq ft.
This suits a buy-to-let investor seeking immediate income and near-term upside from energy improvements or targeted refurbishment. Note practical issues: the building sits in a very deprived area with above-average local crime, council tax bands are all A, and some apartments have lower EPCs. Tenanted sale means access for viewing is limited until vacant possession is achievable.
Viewing should focus on condition under the surface of each apartment, communal maintenance responsibilities, and opportunities to lift EPC ratings and rents. The freehold tenure and recent roof reduce some medium-term capital expenditure risk, but budget for ongoing management and potential refurbishment work to maximise returns.
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