Whingate, Armley, Leeds
- PROPERTY TYPE
Terraced
- BEDROOMS
8
- BATHROOMS
8
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- EPC-C
- Modern Method of Auction
- 8 Studio Apartments
- Popular LS12 Location
- 56,588pa Rental Income
- 3D Virtual Tour Available
Description
£540,000 starting bid!
High-Yield Investment – 8 Studio Apartments – Housing Benefit Income – Armley, Leeds (LS12)
WOW - with a Starting Bid Yield of Approx 10.48% (Based on Current Rental Income & Advertised Guide Price)
A rare opportunity to acquire a fully converted block of 8 self-contained studio apartments in the popular residential and high-demand rental area of Armley, Leeds. The property is ideally suited to investors seeking immediate income with future growth potential.
Each individual unit has its own pre-payment electricity meter that the Tenants are responsible for topping up, this includes powering the electric heaters for each studio apartment. The only gas in the building powers the gas boiler for the hot water and this costs currently approx £90 every two months which is paid buy the owner.
The landlord is responsible for the hall, stairs & landings only, which are operated on timed, low energy lighting approximately £45.00 pcm. (Energy costs provided by the vendor)
Current Income & Tenancy Information
• 8 studio apartments in total
Headline Yield Estimate
Based on the current annual income of £56,588 and the advertised Starting Bid of £540,000, the property offers a strong gross yield of 10.48% when all apartments are let with a combined annual rental income of £64,476.00, the property would offer an 11.94% yield based on the above figures.
Future Income Potential
There is further potential for rental growth, supported by:
• Consistent demand for affordable studio accommodation
This presents an opportunity for long-term income growth in addition to the already strong returns.
Location – Armley, Leeds (LS12)
Armley continues to be a high-demand rental area due to:
• Excellent access to Leeds City Centre
Why This Property?
• Immediate income on completion
Viewing & Further Information
The property is, and has been for the last 15 years, managed by the same Management company who have successfully and diligently managed this niche market property.
Early viewing is highly recommended due to the rarity of this type of investment opportunity.
Agent Note
Please note this property is situated with the selective licensing review area and will require licensing by 9th February 2026 - visit Leeds City Council website for more information.
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- No wheelchair access
Energy performance certificate - ask agent
Whingate, Armley, Leeds
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Visit our security centre to find out moreDisclaimer - Property reference 10357s. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Haus Sales & Lettings, Covering Yorkshire. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Haus Sales & Lettings, Covering Yorkshire on 0113 519 3972.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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