Kirkgate

Leeds, Yorkshire

£110,000

  • Annual Rental Income of £9,300
  • 135 Years Remaining on the Current Lease
  • Prime Central Location With High Tenant Demand
  • Gross Yield of 8.45%
  • Was Previously Rented For £850pcm (£10,200 per annum)

For more information please contact our team:

0161 337 3890

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1-Bedroom Apartment | Tenanted Investment | Prime Leeds City Centre Location

Overview

A superb opportunity to acquire a tenanted, high-yielding one-bedroom apartment located in the vibrant heart of Leeds City Centre.

Apartment 3, 30 Kirkgate offers investors immediate income, a strong yield, and exposure to one of the UK’s most dynamic regional property markets.

The apartment is being sold with a tenant in situ, providing a completely hands-off, income-generating investment from day one.

Property Details
  • Address: Apartment 3, 30 Kirkgate, Leeds, LS2 7DB
  • Type: 1-bedroom apartment
  • Tenure: Leasehold – 135 years remaining
  • Current Rent: £775 per calendar month (£9,300 per annum)
  • Tenant: International student on a 12-month tenancy (moved in September)
  • Service Charges: £542 per quarter (£2,168 per annum)
  • Ground Rent: £200 per annum
Financial Overview
Current Income
  • Annual Rent: £9,300
  • Service Charges + Ground Rent: £2,368
  • Net Annual Income: £6,932
Yields
  • Gross Yield: 8.45%
  • Net Yield: 6.3%
Rental Growth Potential
  • Previously achieved rent: £850pcm (£10,200 per annum)
  • Potential Gross Yield: 9.27%
  • Potential Net Yield: 6.9%

With the continued growth in demand for quality city-centre rental properties, there is a clear opportunity for future rent increases.

Market Insight – Leeds Investment Outlook

Leeds is one of the UK’s fastest-growing cities, with a thriving economy, expanding student population, and major regeneration projects fuelling both rental and capital growth.

Capital Appreciation

Over the past five years, Leeds city centre apartment prices have risen by approximately 25–30%, driven by increasing demand from young professionals and investors.
With the £500m South Bank regeneration, HS2-linked infrastructure improvements, and major commercial developments such as the Channel 4 HQ and Wellington Place, property values are expected to continue appreciating strongly.

Rental Market Growth

Leeds has one of the strongest rental markets in the North, with average city centre rents increasing by 8–10% year-on-year (2023–2025).
The student and international professional markets continue to underpin consistent occupancy levels and rising yields — ensuring low void risk and long-term stability.

Location Highlights

Situated on Kirkgate, one of Leeds’ most historic and central locations, this property is perfectly positioned for both tenants and investors:

  • 2 minutes from Leeds Kirkgate Market & Victoria Gate Shopping Centre
  • 10 minutes from Leeds Train Station
  • Short walk to University of Leeds and Leeds Beckett University
  • Surrounded by bars, cafes, and retail amenities
  • Close to the financial district, Leeds General Infirmary, and The Calls riverside area

This unbeatable location ensures constant tenant demand and sustained rental growth potential.

Investment Summary
Detail Figure
Asking Price £110,000
Current Rent £775pcm (£9,300 p.a.)
Potential Rent £850pcm (£10,200 p.a.)
Service Charge £542/qtr (£2,168 p.a.)
Ground Rent £200 p.a.
Lease Remaining 135 years
Current Net Yield 6.3%
Potential Net Yield 6.9%
Gross Yield (current) 8.45%
Gross Yield (potential) 9.27%
Why Invest Here
  • Immediate rental income – tenant in situ
  • High yield and low entry price point
  • Prime central location with high tenant demand
  • Proven rental growth and capital appreciation potential
  • Long lease (135 years) – low risk
  • Fully managed tenancy – hands-off investment
Let Pure Lettings Take The Strain…..

We offer a comprehensive lettings and property management service, ensuring our landlords benefit from one point of contact across all of their portfolio. From London to Lancaster, from Cardiff to Colchester, we offer a fully managed service for landlords looking to minimalise costs, and maximise efficiency across their portfolio.

  • Fully managed lettings and property management service
  • Comprehensive coverage throughout England and Wales
  • One team, one fee across your full portfolio
  • Rental income protection available
  • Transfer your existing properties quickly and easily

If you would like to find out more about our lettings and property management service, or would like to find out how much we can save you each month, why not contact our team today on Tel: 0161 337 3890 to find out more?

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