Summary - MELBOURNE MILLS 4 MELBOURNE STREET MORLEY LEEDS LS27 8BJ
2 bed 1 bath Apartment
Low-price two-bedroom converted mill flat with parking — cash buyers only.
Open-plan living with high ceilings and large double-glazed windows
Allocated off-street parking within secure gated development
Lift access to all floors; suitable for less-mobile occupants
Cash buyers only; sale explicitly restricted to cash purchasers
Leasehold tenure — confirm lease length and service charges
High local crime levels and very deprived area — higher risk
Electric room heaters (no gas) — potentially higher running costs
Average-sized apartment ~700 sq ft; conversion built early 1990s
This two-bedroom apartment in a converted mill offers a low-entry purchase in Morley, priced to reflect its investment potential. The open-plan living / kitchen, high ceilings and large double-glazed windows create a bright, modern-feeling space within a period industrial shell. An allocated off-street parking space and lift access add practical appeal for tenants or owner-occupiers.
Important constraints are clear and substantial: the sale is for cash buyers only and the property is leasehold. The neighbourhood records high crime levels and is classed as very deprived, which will affect rental demand, management needs and possible insurance costs. Heating is electric via room heaters rather than a mains gas system—running costs can be higher.
For a buy-to-let investor or an experienced cash buyer seeking a value purchase, the apartment could deliver strong gross yields at this price point, particularly with modest cosmetic updates. However, buyers should budget for ongoing management, factor in potentially higher operating costs (electric heating, security considerations) and confirm lease length, service charges and building insurance arrangements before committing.
A professional survey and tenancy-risk assessment are advisable. The property is convenient for public transport, local amenities and several well-regarded schools, which supports lettability for local professionals or small families if risk factors are managed.
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