Furnished one-bedroom flat with long lease and rental potential in Leeds city centre.
One double bedroom apartment, sold fully furnished
Open-plan living/kitchen with lift and telephone intercom
169 years remaining on lease (extended lease)
Previously let at around £750 pcm — rent-ready potential
Service charge approximately £2,260 pa; confirm with solicitors
High flood risk in area — check insurance implications
Very high local crime rates and area deprivation
Broadband speeds slow; mobile signal excellent
A well-located one-bedroom apartment in Mertensia House, placed on Mabgate within Leeds’ lively Northern Quarter. The flat is sold fully furnished and benefits from an open-plan living/kitchen, double bedroom with built-in storage, and a shower room. Lift access and a telephone intercom add everyday convenience, while the apartment’s previous rental history (circa £750pcm on a rolling contract) demonstrates straightforward let-ready potential.
This leasehold property has an extended lease (169 years remaining) and a service charge quoted at about £2,260 per year; buyers should confirm figures with solicitors and the management pack. Heating is by electric panel radiators and the kitchen and living areas are finished in modern, low-maintenance laminate — suitable for investors or buyers wanting a low-upkeep city base.
Location is a core strength: immediate access to public transport, the inner ring road, nearby university buildings and St James’s Hospital, plus a wide range of shops, cafes and amenities on the doorstep. That central setting supports rental demand and short commuting times.
Important considerations: the local area records very high crime and high flood risk, and the neighbourhood is classified as very deprived. Broadband speeds are reported slow. These factors affect insurance, running costs and appeal to some buyer types, so verify all material details before proceeding.
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