Prime student-let spot near universities and city centre with immediate income.
Five self-contained flats: 3 studios and 2 one-bed units
A substantial Victorian semi-detached building converted into five self-contained flats in a prime Leeds lettings location. The block currently produces a gross rent roll of £34,380 per annum, inclusive of gas and water, with three studios and two one-bed units all let on rolling or fixed contracts to September 2025. The property’s period features—bay windows, high ceilings and large rooms—give strong tenant appeal and clear reconfiguration potential, particularly from the extensive basement (subject to consents).
Practical considerations for an investor are straightforward: there is a single gas and electric supply to the building (individual electric sub-meters installed), and the sale carries a requirement for the buyer to retain the current lettings manager for the duration of existing tenancies. Energy performance is mid-range (EPC D–E), and the small plot and limited garden reflect the property’s inner-city setting.
Located within walking distance of universities, shops, cafés and transport links, the building sits in a busy student-oriented neighbourhood with consistently high rental demand. Yields are supported by inclusive billing for gas and water; however, running costs, management arrangements and local area factors (above-average crime rates and higher deprivation) should be factored into underwriting.
This is a practical, income-producing opportunity for a hands-on investor or small portfolio buyer seeking an urban student-let asset with room for value-add through refurbishment, energy upgrades and potential basement conversion (subject to planning). The current tenancy roll offers immediate income with short-term reversion potential at tenancy renewals.
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