16 Ahlux House, Millwright Street, Leeds, West Yorkshire

Description

A second-floor apartment with one-bedroom. The accommodation comprises, an open plan living room and kitchen with balcony, a bedroom and a bathroom. The property is well located for all amenities in Leeds city centre along with transport links. The total approximate floor area, taken from the EPC is 38m2. All services/utilities have not and will not be tested.

Accommodation

Open plan living room and kitchen with balcony, one bedroom and a bathroom.

Location

Well located for all amenities in Leeds city centre along with transport links.

Tenure / Property Information

Investment Analysis

Same-building completed sales range from £30,000 in February 2026 to £134,000 in June 2021, with other sales at £95,000 and £107,500. The range is wide and property-specific details are unavailable. A £95,000 base GDV is used as a cautious reference, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Potentially attractive on headline price and advertised rent, but only proceed after inspecting condition and reviewing the legal pack, lease and service-charge position. Do not rely on the high historic comparable.

Works Required

No specific refurbishment works are evidenced. Inspect the flat and verify services, utilities, lease terms, service charge and legal-pack requirements before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using a £95,000 base GDV, 75% refinance is approximately £71,250. Against the £51,200 purchase plus buyer premium cost, indicative cash left in is negative £20,050 before finance, tax and any works. Actual refinanceability depends on valuation, lender criteria, lease and legal-pack matters.

Buy-to-Let Analysis

The sole rental evidence is an advertised asking rent of £950 pcm, not an achieved rent. At the £50,000 guide, gross yield is approximately 22.8%, or 22.27% including the £1,200 minimum buyer premium, before service charge, ground rent, tax, finance, voids and management.

Flip Analysis

At the £50,000 guide plus the £1,200 buyer premium, the apparent gross spread to the £95,000 base GDV is £43,800 before selling costs, finance, tax and any refurbishment. No supported selling allowance or refurbishment budget is available, so a net flip surplus cannot be established.

Investor Risks & Due Diligence

• Wide variation in same-building completed sale prices.

• The £950 pcm figure is an advertised asking rent, not achieved rent.

• All services and utilities are untested.

• Lease, service-charge and disbursement details require legal-pack verification.

• Selling costs, finance costs, tax and refurbishment costs are unsupported.

• Leasehold obligations include £1,266.23 annual service charge and £150 annual ground rent.

Recommendation

Potentially attractive on headline price and advertised rent, but only proceed after inspecting condition and reviewing the legal pack, lease and service-charge position. Do not rely on the high historic comparable.

Strategy Rating

Analysis Confidence

The evidence includes same-building completed sales and one advertised rent, but comparable property details, achieved rental evidence, condition, selling costs and refurbishment requirements are unavailable.