Summary - Flat 714 Victoria House, 12, Skinner Lane LS7 1DY
2 bed 1 bath Apartment
Immediate rental income with balcony and parking in central Leeds.
Top-floor two-bedroom apartment with long-term tenant in situ
Full-length private balcony accessed from living room and both bedrooms
Allocated off-street parking space included
Compact footprint (~474 sq ft) — small overall size
Electric room heaters; likely higher running costs than gas heating
Located in a very deprived, high-crime inner-city neighbourhood
Advertised yields vary (marketing states 6.5%; listing shows gross 10.2%, net 8.14%)
Tenure not specified — buyer must verify legal status
A ready-made investment in central Leeds, this top-floor two-bedroom apartment in Victoria House is offered with long-term tenants in situ. The property includes an allocated off-street parking space and a full-length balcony accessed from the living area and both bedrooms, making it appealing to young professionals and students.
Internally the apartment is compact (approx. 474 sq ft) with an open-plan living area, two double bedrooms and one bathroom. Heating is by electric room heaters and the building appears modern with large windows, but the small overall size and electric heating are practical considerations for running costs and tenant mix.
The listing highlights strong rental performance: tenants in situ and an advertised immediate yield (the marketing text cites a 6.5% yield; the financial summary also lists gross 10.2% and net 8.14%). These figures should be independently verified by any buyer considering purchase. Tenure is not stated, and the apartment sits in a very deprived, high-crime, inner-city neighbourhood — factors that affect long-term capital growth and management requirements.
This is primarily an income-led purchase: convenient for investors seeking immediate cashflow with tenant continuity and low entry price. Buyers wanting a long-term owner-occupier or low-management asset should note the area profile, unknown tenure and electric heating before proceeding.
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