7 bedroom block of apartments for sale
St Marys Road, Leeds, LS7
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
7
- BATHROOMS
7
- 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.
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Key features
- ATTENTION INVESTORS
- 9% YIELD - POTENTIAL FOR 10%
- ANNUAL INCOME OF £57,900pcm
- POTENTIAL TO INCREASE RENTS
- For Sale by Modern Auction – T & C’s apply
- Subject to Reserve Price
- Buyers Fee Apply
- NO ONWARD CHAIN
Description
A substantial end-terrace property divided into 7 separate apartments comprising of 1 x two bedroom and 6 x1 bedroom - all currently occupied & generating an annual income of £57,900. Sold with no chain and sold as an ongoing concern, with all tenants keen to remain in situ.
Flat 1 - Contract ending 19th February re let with new tenants due to move in March at £725pcm.
Flat 2 - Long term tenant in situ, who's been in for 30+yrs. Current rent of £680pcm which the owner pays for water bills.
Flat 3 - Tenant moved in Sept 2025, paying £695pcm.
Flat 4 - Tenants moved in July 2021, ending contract mid-March expected new rent £725pcm with the current tenants paying £675pcm.
Flat 5 - Tenant moved in November 2019, current rent is £700pcm + £50pcm for the garage.
Flat 6 - Tenants moved in Sept 2025, paying £650pcm.
Flat 7 - Tenants moved in Feb 2023, current rent is £650pcm.
Across all properties - with tenants keen to remain in situ, it would be possible to increase certain apartments rents & based upon current market values - annual rents could be £61,440pa which provides over 10% YIELD - shown as follows:
Flat 1 - £725pcm
Flat 2 - £850pcm
Flat 3 - £695pcm
Flat 4 - £725pcm
Flat 5 - £800pcm
Flat 6 - £650pcm
Flat 7 - £675pcm
AUCTIONEERS COMMENTS
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.
EPC rating: E.Additional Information
Photos are ordered chronologically showing outside & then Flat 1 to Flat 7 & then outdoor areas.
Please note
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none are to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency can be given.
- 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.
- Band: A
- 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.
- Communal garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
St Marys Road, Leeds, LS7
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Visit our security centre to find out moreDisclaimer - Property reference P3837. 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 Northwood, Chapel Allerton. 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 Northwood, Chapel Allerton on 0113 519 3483.
*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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