Summary - Wellington Street, Leeds LS1 4DL
1 bed 1 bath Apartment
Chain-free buy-to-let with immediate income and private balcony near the station.
Tenanted at £700 pcm, immediate rental income
Approximate gross yield about 7.3% at asking price
Private balcony and open-plan living space
One allocated off-street parking space
Chain free; sold with tenants in situ
Leasehold with c.121 years remaining
Very slow broadband speeds in the building
Reported very high local crime levels
A compact one-bedroom apartment in the heart of Leeds city centre, offered chain free and sold with tenants in situ. The property generates immediate rental income of £700 pcm (£8,400 pa), representing an approximate gross yield of 7.3% at the current asking price. It occupies a contemporary building with lift access, private balcony and one allocated off-street parking space — useful extras in a central location just a short walk from the train station.
Internally the flat is neutrally presented with an open-plan living/kitchen, a large bedroom with built-in wardrobes and a family bathroom. The apartment is efficient to manage for a landlord and benefits from long leasehold tenure (approximately 121 years remaining), simplifying medium-term planning. Broadband speeds in the building are reported very slow, which may affect some tenants and should be considered for future lettings or improvements.
Note the wider area is a multicultural, student-oriented neighbourhood with excellent mobile signal, plentiful amenities and regular public transport. Crime levels are reported very high in this immediate area; this is a material factor for insurance, tenant screening and pricing. For an investor seeking immediate income and central-city exposure, this is a straightforward, low-complexity buy-to-let with clear rental history and upside from minor upgrades or improved connectivity.
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