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Two-bedroom first floor apartment with balcony

Leeds, LS9 - Get Access

2 bed 2 bath

Description

This two-bedroom, two-bathroom first floor apartment is offered for sale via traditional auction. The property is currently tenanted generating a gross rental income of £13,140 per annum, making this an ideal addition to a rental portfolio. Situated within a sought-after riverside development to the east of Leeds City Centre, the apartment is perfectly positioned for quick access to Leeds Train Station, Leeds Bus Station, and major motorways, making it ideal for efficient commuting. Merchants Quay is located just steps away from a variety of local restaurants and bars, and sits right by the scenic Leeds Docks. The internal accommodation comprises an open-plan lounge and kitchen area featuring a private balcony, two well-proportioned bedrooms with an en-suite to the master, and a separate family bathroom. Additional details include leasehold tenure with a 999-year lease from 24th June 1999, an annual ground rent of £150, and an annual service charge of £4,216.88. The property falls under Council Tax Band E and holds an EPC energy rating of E.
Comparable sales
Merchants Quay, 54, East Street, LS9 8BA 0.0 mi
Flat
£140,000
1 year ago
Merchants Quay, 54, East Street, LS9 8BA 0.0 mi
Flat
£140,000
1 year ago
Merchants Quay, 79, East Street, LS9 8BB 0.0 mi
Flat
£70,000
5 months ago
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 797 sq ft (EPC)

Valuing this two-bedroom modern purpose-built flat in East Leeds required examining typical regional apartment values on a per-square-foot basis. The property is in fair condition with dated cosmetic elements and is currently tenanted within a riverside development. The valuation incorporates the 797 sq ft internal floor area sourced from the EPC record, alongside targeted adjustments for updating and tenancy.

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