This property is no longer on the market
2 bedroom apartment
Key information
Property description & features
- No funds at risk
- 7% yields
- EST. RENTAL VALUE OF £1,695pcm
- Incredible specification
- Prime location
- Low ground rent
- Unbeatable payment plan
- Great on site amenities
- One, two & three bed apartments available
The development boasts an incredible specification and on-site amenities such as a concierge service and gymnasium. Two-bedroom apartments start from £215,000, with an estimated rental value of up to £1,695pcm.
TENANT DEMOGRAPHIC Due to the strategic positioning of the development, it is expected to appeal to a mixed demographic of tenants which gives the investment a large amount of dynamism and durability. Investors can rest assured there will be no shortfall of tenant demand.
As the project is located just a short commute from the financial district, SOYO, BBC Yorkshire, Victoria Gate, Trinity Shopping Centre, The Headrow and the LGI, the development will appeal to a variety of professionals working across a number of different sectors.
Situated just eight minutes away from the universities, the development will appeal to students looking for high-quality living. The development is expected to appeal to international students on scholarships from their embassy, students studying at Masters and PHD level, and student nurses – particularly due to the high level of amenity which international students desire.
CAPITAL GROWTH Leeds is now rated as the UK's top prospect for house price and rental growth in the UK, according to JLL's latest forecast. The city knocks Manchester off the number one spot, a position it has held for the last four years. JLL anticipates capital values to increase by an average of 3.3 per cent a year over the next five years with rental growth forecast to increase by an average of 3.2 per cent per year over the same period.
This is well above the UK average forecasts for 2.2 per cent price growth and 2.4 per cent rental growth.
ECONOMY A combination of regeneration, public investment and outstanding education facilities has seen Leeds become the UK's fastest growing city with a £60bn economy. Now home to a population of more than 800,000, the former wool trading town is the largest economic centre in the UK after London.
Over the next decade, the economy is expected to grow by 21 per cent, with the financial services sector accounting for over half the increase.
Burberry has made a commitment to build a new £50million factory in Leeds South Bank and Vastint's plans for the Tetley Brewing site are prime examples of investor confidence in the city.
Leeds United have this season been promoted to the English Premier League. This is estimated to generate around £200m in investment and development.
LEEDS SOUTHBANK The biggest regeneration project the city has seen in more than 100 years. The regeneration of the South Bank is set to elevate Leeds to a global destination for investment, living, learning creativity and leisure.
One of the most ambitious regeneration schemes in Europe, the project aims to double the size of the city centre - transforming 253 hectares of land - the size of 350 football pitches.
The mammoth project will provide over 35,000 jobs, over 8,000 homes and attract workers from across the world.
The redevelopment will include a transformation of the road network, the waterfront as well as the installation of super-fast broadband and new public spaces.
A total of £8.6m will be spent to transform road space into new green space and improved public realm.
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Property reference 102866003008. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by North Property Group - Leeds.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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