Wortley Road, Leeds, West Yorkshire, LS12

*BLOCK OF 6 FLATS - PERFECT INVESTMENT OPPORTUNITY*

An excellent opportunity to purchase a block of six apartments, ideally suited to investors. The property comprises of 4 two-bedroom flats and 2 one-bedroom apartments, arranged over three floors, with allocated parking available for four of the units. A well-balanced and ready-made rental opportunity, offering long-term security and consistent income in a popular residential location.

19-23 Wortley Road | LS12 3HT

An excellent opportunity to acquire a fully self-contained block of six apartments on Wortley Road, offering a strong long-term investment with secure tenure and an established management structure.

Constructed in 2008, the building comprises a well-balanced mix of accommodation arranged over three floors, including four spacious two-bedroom flats positioned across the ground and first floors (two per floor), alongside two one-bedroom apartments located on the top floor. This layout provides a desirable rental mix, appealing to both professional sharers and single occupants.

Externally, the property benefits from communal areas and allocated parking for Flats 1–4, adding further appeal to the larger units and supporting strong tenant demand. The block has been fully let since built and is currently generating a gross rental income of approximately £3,800 per calendar month (£45,600 per annum), reflecting a gross yield of circa 7%, making it an attractive proposition for investors seeking a ready-made income-producing asset with long-term stability. Due to numerous long term tenancies within the block, there is further scope to increase rental income to further improve the gross yield.

Each apartment contributes equally toward the upkeep of the building, ensuring ongoing maintenance of the structure, roof, and communal areas, alongside buildings insurance and external works. This creates a sustainable and well-managed approach to ownership. This has worked exceptionally well for the current 2 owners, offering a simple split of running costs between owners with no third party involvement.

The freehold is offered subject to the existing leases, presenting a low-risk investment with no exposure to short lease terms or escalating ground rents, and minimal day-to-day involvement required from the freeholder.

Lease & Management Structure (Share of Freehold Style)

All six flats are held on long term leases (999 years from 2008) at a peppercorn ground rent, and are collectively managed by the freeholders, any owner is required to become a member. This operates in a similar way to a share of freehold arrangement. Each owner contributes toward service charges, covering structural repairs, insurance, and communal upkeep. As such, the freehold interest being sold represents a clean reversionary asset with minimal management burden, underpinned by a well-maintained and actively managed block.

Summary

A rare opportunity to acquire a freehold block comprising a strong unit mix, allocated parking, and long leasehold security, generating an attractive income with a comprehensive and secure management structure already in place. Ideal for investors seeking a straightforward and stable long-term holding.

COUNCIL TAX BANDS

Flat 1 - B
Flat 2 - B
Flat 3 - B
Flat 4 - B
Flat 5 - A
Flat 6 - A