This substantial detached property, originally constructed in the 1850s for the Lord Mayor of Leeds, presents a unique investment opportunity. Currently divided into six self-contained flats, which consist of two studio units, three one-bedroom apartments, and a two-bedroom flat, the property is fully tenanted by young professionals, generating an annual income of £47,148. With proper management and minor updates, there is significant potential to enhance this income.
The current owner has maintained the property meticulously over 45 years, ensuring good insulation and overall condition; however, there are avenues for further development. Notably, planning permission has been granted for an outbuilding conversion into a self-contained two-bedroom apartment (permission reference 22/03543/FU), which could elevate the total rental income to £61,548 per year. Furthermore, although an initial plan to convert the garage into two one-bedroom flats was rejected in December 2025, there is potential for an appeal that could allow for additional revenue streams.
The property also features external amenities including a driveway and mature gardens along with a secure bike shed. Minor issues with carpet moths have been addressed by the seller with documented remedial actions available in the legal pack. This property’s combination of historical significance and modern rental potential makes it a compelling investment option for those looking to capitalize on its value.
