Summary - QUAY ONE 303 NEPTUNE STREET LEEDS LS9 8DS
1 bed 1 bath Flat
Compact city flat with immediate rental income potential and contemporary finish.
Third-floor studio-style flat with Juliette balcony
Approximately 423 sq ft (39.4 m²) compact city apartment
Vacant — ready for immediate occupation or letting
Expected rent £750–800 pcm; potential 7–8% net yield
EPC rating B; double glazing installed
Leasehold; ~107 years remaining — verify with solicitor
Service charge £1,680.24 pa; ground rent £200 pa
Electric room heaters; no private garden, limited storage
This compact third-floor apartment in a converted brick mill offers an efficient open-plan layout and a Juliette balcony in a secure gated development. Finished with a contemporary kitchen and integrated appliances, the unit is vacant and ready for immediate occupation or letting. Its EPC B and central Leeds location close to Leeds Dock and public transport suit city living.
Financially the flat targets investors and first-time buyers: expected rent is £750–800pcm with a projected net yield of around 7–8% after service charges. Annual service charge is £1,680.24 and ground rent is £200; the property is leasehold with approximately 107 years remaining — buyers should verify lease details with their solicitor.
Practical considerations are straightforward: the apartment is small (about 423 sq ft) with limited storage and no private garden, and heating is electric room heaters rather than a central gas system. The development provides a communal courtyard and secure setting, but the wider area records above-average crime statistics, which may affect some buyers' preferences.
Overall this is a sensible buy-to-let or starter-home proposition for someone prioritising central location, low-entry purchase price and immediate rental potential, provided they accept compact living space and the ongoing service charges and ground rent.
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