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98 Magellan House, Armouries Way, LEEDS, West Yorkshire, LS10 1JG
1 Bed Flat, Leeds
98 Magellan House, Armouries Way, LEEDS, West Yorkshire, LS10 1JG
For Sale
£85,000+
Marketed by:
Barnard Marcus
Sovereign House, 361 King St, London W6 9NA, UK
020 8741 9990
Auction Details :
Barnard Marcus
Auction Date :
10/09/26
Lot Number :
365
Key Features
1-bedroom flat
Published rental income approximately £200 per annum
Leasehold
EPC rating B
Description
Attention Cash Buyers / Investors. This is a great opportunity to purchase an apartment in the heart of Leeds. This one bedroom apartment offers a light open plan living space, the kitchen is equipped with an electric hob/oven, a full size fridge/freezer. The property also offers a potential rental in the region of £825 PCM. The main bedroom is a good size and provides plenty of space for wardrobes. The bathroom is neutrally tiled with 3 piece suite & shower over the bath. Leeds Dock is one of Leeds most popular locations to work, live, and be social. The waterside destination offers restaurants, bars, cafes and a year-round programme of engaging events. Accommodation: Ground Floor: Communal Entrance Hall. Third Floor Apartment: Entrance Hall, Open Plan Living/ Kitchen/ Dining Area, Master Bedroom and Bathroom.
Location
Property located at 98 Magellan House, Armouries Way, LEEDS, West Yorkshire, LS10 1JG.
Investment Analysis
Investment Snapshot
Guide Price | £85,000+ |
Tenure | Leasehold |
Property Type | Residential |
EPC | B |
Published Rent | £200 pa |
Initial Refurbishment Allowance | £5,000–£10,000 |
Suggested Strategy | Buy-to-Let / Owner-Occupier |
Gross Yield on Guide | 0.2% |
Property & Refurbishment
Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.
Rental Analysis
The auctioneer-published rent identified in the source is approximately £200 per annum.
GDV / Resale Analysis
No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.
Properties Sold Within Approx. 5 Miles
No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.
Investor Risks & Due Diligence
Review the full legal pack and title before bidding
Confirm all auction administration / contract charges
Verify property condition and obtain appropriate surveys
Confirm refurbishment costs with contractor quotations
Confirm lease length, ground rent, service charge and major works
Recommendation
Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.
Strategy Rating
Buy-to-Let: ★★★★☆
BRRR: ★★★☆☆
Flip: ★★★☆☆
Property Location:
98 Magellan House, Armouries Way, LEEDS, West Yorkshire, LS10 1JG
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