98 Magellan House, Armouries Way, LEEDS, West Yorkshire, LS10 1JG

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

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: ★★★☆☆