Summary - FLAT 612, VICTORIA HOUSE, 12, SKINNER LANE LS7 1DY
1 bed 1 bath Flat
Central investment with immediate rental income and long lease security.
- Sixth-floor one-bedroom with floor-to-ceiling glazing and Juliet balcony
- Compact open-plan layout, total 382 sqft
- Currently let month-to-month at £750 pcm (rented MTM)
- Cash buyers only; sold via modern auction method
- Buyer fees, reservation deposit and buyer information pack apply
- Service charge approx £1,480pa; ground rent £450pa (RPI review)
- Electric heating via meters; main fuel electricity
- Area: inner-city Northern Quarter — high deprivation and above-average crime
A compact sixth-floor one-bedroom apartment in a modern Northern Quarter development, offered at auction for cash buyers only. Floor-to-ceiling windows and a Juliet balcony bring generous natural light and city views into the open-plan living space. The property is currently let month-to-month at £750 pcm, presenting immediate rental income but with no long-term tenancy guarantee.
This is a straightforward investment play: new-build construction (2015) with a long lease (255 years remaining) and an EPC B rating. Annual running costs include a service charge around £1,480 and ground rent of £450, and the building uses electric room heaters. Expect buyer fees and a non-refundable reservation deposit under the modern auction process.
Location is central and well connected, a short walk to Victoria Gate and local leisure amenities, which supports lettings in this inner-city, student- and urban-professional neighbourhood. Note the area scores high for deprivation and has above-average crime statistics—factors to assess for long-term capital growth and management.
Suitable for a cash investor seeking immediate yield from central Leeds, the flat requires little modernisation but is small (382 sqft) so rental returns should be modelled against service charge and ground rent. Bidders should review the Buyer Information Pack, check the auction reservation terms and costs, and confirm suitability of electric heating for their plans.
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