Investment-ready flat with long lease and immediate rental income potential.
• Two double bedrooms with open-plan living kitchen
• Long lease remaining (approx. 242 years)
• Sold with tenants in situ — investor purchase only
• Auction sale: undisclosed reserve and buyer’s fees apply
• Reservation fee 4.5% (min £6,600) plus additional auction costs
• Electric room heaters only — higher running costs likely
• Service charge c. £2,390pa; ground rent £217pa
• Area classified as very deprived; local crime rate high
This two-bedroom leasehold apartment in Parkwood Rise is offered through a Modern Method of Auction, presenting a clear buy-to-let opportunity for investors. The apartment has an open-plan living/kitchen, two double bedrooms and an 818 sq ft layout that suits long-term tenancy. The 242-year lease and double glazing are practical ownership strengths.
Important transactional costs and conditions apply: sale via auction with an undisclosed reserve, non-refundable reservation fee (4.5% of purchase price, minimum £6,600) and buyer’s fees. The property is sold with tenants in situ, so it is best suited to purchasers prepared to take on an occupied investment.
Running costs and fabric details affect income forecasting. Heating is by electric room heaters, there is a service charge averaging £2,390pa and a ground rent of £217pa; buyers should factor these into yield calculations and remedial budgets. The building is system-built with external insulation and was constructed mid-20th century.
Location offers practical rental demand: close to local shops, bus and rail links to Leeds/Bradford/Halifax, and nearby primary schools rated Good. Note the area has relatively high crime statistics and is in a very deprived ward, which may influence rental levels and tenant profiles. Carry out full due diligence and check the buyer information pack before bidding.
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