Let and producing income with scope for refurbishment and rental uplift close to Leeds centre.
- Producing approx £1,788 pcm inclusive of bills and council tax
- Let on rolling individual monthly tenancies (four occupants)
- Freehold Victorian mid-terrace with dormer loft conversion
- Flexible three/four bedroom layout across multiple floors
- Small plot with enclosed paved garden to the front
- Area has very high crime and above-average deprivation
- Medium flood risk; consider insurance and mitigation costs
- Requires internal modernisation to maximise rental or resale value
A freehold mid-terraced Victorian property currently let to four occupants on rolling monthly contracts, producing circa £1,788 pcm including bills and council tax. Its central city location offers easy access to Leeds city centre, local shops, leisure facilities and good public transport links — attractive for hands-on landlords seeking steady income.
Accommodation is arranged over multiple floors including a dormer loft conversion, giving flexible three/four bedroom accommodation, two shower/WC facilities and an open-plan lounge/kitchen. The property presents reasonable external condition but will benefit from internal modernization to maximise rental value or to reposition for owner-occupation.
Key drawbacks are factual and important: the area records very high crime levels and higher deprivation, there is a medium flooding risk, and the overall plot and internal footprint are small. The sale is subject to existing tenancies, so vacant possession is not guaranteed on completion.
For an investor this is a pragmatic, city-centre holding with immediate income and clear scope for value uplift through refurbishment, reconfiguration or re-letting at market rates once vacant possession is achieved. Active management and attention to safety and flood mitigation are advised given local risks.
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