Summary - 6, Oakwood Avenue, LEEDS LS8 2HZ
5 bed 4 bath Block of Apartments
Four-let Victorian block with immediate income and short-term rent uplift potential.
- Four self-contained flats (3 x 1-bed, 1 x 2-bed) fully let
- Current income c. £32,100 pa; potential c. £39,600 pa
- Separate gas/electric meters and boilers for each flat
- Freehold, chain-free; fast broadband and excellent mobile signal
- Limited external space: small front yard and roof terrace only
- External and communal areas show typical wear; refurbishment advised
- On-street/rear lane parking only; restricted private parking
- Local crime rate above average; consider security measures
A substantial period mid-terrace converted into four self-contained flats, offered freehold and chain free. The block is fully let, producing current income of approximately £32,100 per year with demonstrated potential to increase to about £39,600 p.a. once rents are aligned to market. Each flat has separate gas and electric meters and its own boiler, simplifying management and tenant billing.
The location in Oakwood is a key strength: close to shops, cafes, transport links and Roundhay Park, with fast broadband and excellent mobile signal. Accommodation is arranged across basement, ground, first and second floors and includes a roof terrace for the garden flat plus an external storage shed. The building retains Victorian character externally — bay windows, high ceilings and sash-style features — which will appeal to future tenants and buyers.
Be upfront about maintenance and layout constraints. External amenity is limited to a small front yard and a paved roof terrace; on-site parking is restricted. Communal areas and some finishes show typical wear for a conversion of this age and would benefit from targeted refurbishment to maximise rents and capital value. Crime in the neighbourhood is above average; consider security improvements and robust tenant referencing to protect income.
This block suits buy-to-let investors seeking an immediate income with short-term uplift potential through selective refurbishment and rent increases. The freehold title, separate utilities and proximity to strong local schools and amenities create a straightforward portfolio addition, but budget for communal improvements and minor external works to enhance long-term returns.
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