This exciting development of 27 popular turnkey student studio, 1-bed, 2-bed and duplex apartments is located close to the vibrant student community of Headingley, just 2.5 miles from Leeds city centre and comes with 20% discount and a 120% buy back in five years.
Just a mile from the apartments is Kirkstall Forge, an entirely new neighbourhood set over a 57-acre site which is transforming the banks of the River Aire. Complete with a brand new award winning train station – with services into Leeds taking only six minutes – this major development will see the creation of 1,050 new homes and 400,000 sq ft of commercial, retail and leisure space as well as a new primary school.
Set in a beautiful stone Grade II listed building in a riverside setting and converted from an historic mill, each furnished apartment has been designed to maximise space and is fitted out to an excellent specification, with the interiors representing the latest in design and functionality.
The apartments are fully managed by an experienced team with local presence, making this a true turnkey investment, and offer high net yields above the UK national average in one of the country’s biggest cities.
Nearby Headingley – which is home to a large majority of Leeds’s student population – has an abundance of restaurants and bar. Buses into the city are every 20 minutes from a stop adjacent to the development or can be reached from Headingley train station, a short walk away.
The city of Leeds has a population of 780,000 people and has the fourth largest urban economy in the UK. Its city region contributes the most GVA from financial and professional services in the country outside London, with particular strengths in banking, law, insurance and financial technologies. Almost £4.5bn is generated each year, with forecasts showing substantial growth to come (Insider).
The city is one of the UK’s fastest growing cities, with its city centre and all surrounding areas boasting a £50 billion+ economy and a workforce of 1.5 million. Over the next ten years, the economy is forecast to grow by 25% (Leeds City Council). The Leeds city region economy grew by 40% in the last decade despite the global recession. (Leeds City Region Enterprise Partnership)
With over 119,000 companies generating 5% of Englands total economic output of £64.6 billion, the Leeds City Region is an emerging global economic powerhouse. In fact, the Leeds City Region economy alone is bigger than nine European countries (Leeds City Region Enterprise Partnership).
According to the latest UK Cities House Price Index by Hometrack, Leeds is the fifth highest performing area of the country for year-on-year house price growth, registering 6.3% growth for the year to October 2017.
The city’s four universities are home to around 65,000 students.
In July 2014, UK government announced the funding of the £1bn Local Growth Deal to create tens of thousands of new jobs and accelerate economic growth across the entire city region. Over six years, the Leeds City Region will receive £573 million (the largest allocation to any region) for continued economic development (investleedscityregion.com).
Risk Warning and Disclaimer:
The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.