Beeston, LS11 8SY

We’re offering this rare investment opportunity via traditional method of auction on the 13th May. This large, detached property was initially built for the Lord Mayor of Leeds in the 1850’s, but now comprises six self-contained flats, including 2 x studios, 3 x 1 bedrooms, and a 2-bedroom apartment. The entire property is tenanted with young professionals, and is currently generating £47,148, however there is potential to increase this. The vendor has owned the property for 45 years and has maintained it extremely well throughout, with good insulation, so there’s no work required for a buyer. In addition, the property benefits from a driveway, large outbuilding, mature gardens and a secure bike shed. An additional bonus, is the 79sqm outbuilding that has been granted planning permission to convert it into a self-contained two-bedroom apartment (22/03543/FU). Proof of commencement of works can be found in the legal pack. If this conversion was carried out, this could increase the total income to £61,548 per annum. In December 2025, plans were submitted to convert the garage into 2 x one bedroom apartments, but this has been rejected. However, we’ve been advised there are grounds for this to be appealed. If converted into two flats, this could further increase the total income to approximately £65,148 per annum.