St Marys Road, Leeds, LS7
6 bedroom Block of Apartments For Sale
Guide Price £470,000 | For Sale
A substantial mid-terrace property divided into 6 separate apartments comprising of 6 x 1 beds - all currently occupied & generating an annual income of £58,200pa.
Sold with no chain and sold as an ongoing concern, with all tenants keen to remain in situ.
Flat 1
Rent - £875pcm + £40 water rates = £915pcm - payable on the 6th of each month
Deposit held £1,009.00
Tenancy Start Date: 6th of July 2026
Flat 2
Rent - £825pcm inc water rates - payable on the 23rd of each month
Deposit held £951.00
Tenancy Start Date: 20th of March 2026
Flat 3
Rent - £750pcm + £25 water rates = £775pcm - payable on the 27th of each month
Deposit held £864.00
Tenancy Start Date: June 2025
Flat 4
Rent - £775pcm + £30 water rates = £805pcm - payable on the 16th of each month
Deposit held £894
Tenancy Start Date: 14th of July 2026
Flat 5
Rent - £725pcm + £30 water rates = £755pcm - payable on the 10th of each month
Deposit held £836
Tenancy Start Date: 10th of June 2026
Flat 6
Rent - £775pcm inc water rates - payable on the 1st of each month
Deposit held £250 (Tenant has been with the landlord since 2004 and they’ve never increased his deposit)
Tenancy Start Date: Longstanding tenant of over 20yrs
The basement also offers huge potential, subject to planning consent, to convert and potentially offer another apartment. Both Flats 1 & 2, being ground floor also have the potential to be improved and made into garden apartments, subject to necessary planning approval which would help increase their rental value and therefore increase the return
The average water bills the owner has had over the course of this year has equated to £116.35 per quarter - so estimated to be approx. £465.40 per annum.
The property has a "Certificate of Lawfulness" & the owners are in the process of updating the Fire Risk Assessment. This will be available to any interested party submitting offers. EPC rating: E. Council tax band: A, Tenure: Freehold,
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.
Photos are ordered chronologically showing outside & then Flat 1 to Flat 6 & then outdoor areas.
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.
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