1 bed flat for sale

Spen Lane, Leeds, West Yorkshire LS16

This one bedroom first floor apartment is offered for sale via traditional auction. The property is currently tenanted generating a gross rental income of £6,900 per annum however this is increasing to £7,2000 per annum from 1st August 2025, the increased rent reflects a 9.6% gross yield return based on the guide price. This would make a great addition to a rental portfolio.

The property offers access to local shopping and travel link to Leeds city centre and the university.

Leasehold information:
Lease length - 125 Years from 16th July 1990
Service Charge 2025/2026 - £257.72 per annum
Ground Rent - Not known.

Accommodation

Ground Floor

Porch entrance.

First Floor

Lounge, kitchen, bedroom and sunroom.

Additional Information

Council Tax

Band A.

EPC

Rating D.

Tenure

Leasehold.

Disclaimer

Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.

Charges & Payments

In addition to the deposit Administration Charge: 1.2% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT.
Searches £300 inc VAT

Disbursements

Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.