This apartment in Kelso Heights is on the market with Manning Stainton for £118,999. We manage three apartments in the block, and because of their proximity to Leeds Uni and the Business School they let very easily each year for £72 per person per week.
It's currently a 2 bed, but it could be quite easily converted to a 3 bed by turning the living room into the third bedroom, and converting the kitchen into a kitchen living area. It's a little tight, but one of the apartments we manage has this exact layout and we let it each year without any problem to a group of three for £72 pppw or £11,232.
One slight word of caution. My understanding of the block is that the apartments are not mortgageable - something to do with the structure of the building, so if you need mortgage funding then make sure you ask that question first!
So, whilst not my usual 'refurb to a high standard' property suggestions, it's a very safe investment for those who perhaps don't have the funds available for the bigger student houses that involve the accompanying £50,000+ refurbs to get the yields up over the magic 10% mark.