Summary - Flat 2, 14, Park Row LS1 5HU
1 bed 1 bath Apartment
Central, long-lease one-bedroom flat — ideal for investors targeting Leeds city-centre renters..
First-floor one-bedroom apartment with open-plan living and fitted kitchen
Located on the first floor of a central Park Row conversion, this one-bedroom apartment offers a straightforward, city-centre investment opportunity. The open-plan living and fitted kitchen present a modern, low-maintenance space with good natural light and simple finishes suited to renters or first-time buyers seeking central convenience.
The property benefits from a long lease (approximately 974 years remaining), FTTP broadband capability and secure communal access with lift. Practical details include an integrated kitchen, a large double bedroom with built-in wardrobes, and a three-piece bathroom with shower over bath — a configuration that performs well on the rental market in this student/city-centre area.
Notable considerations: the building sits in an area with very high recorded crime levels, and the apartment uses electric storage heaters rather than gas central heating. The building is a system-built construction with assumed lack of wall insulation, which may affect running costs and future refurbishment scope. Service charge and ground rent are significant for an investor: approx. £2,100pa service charge and £310pa ground rent.
For an investor, the flat’s central location, easy transport links and proximity to universities support strong rental demand, especially in a cosmopolitan student neighbourhood. For buyers prioritising low running costs, the electric heating and possible insulation works should be factored into budgeting.
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