As Leeds continues to build on its ever-growing reputation as the ‘capital of the north’, exciting investment opportunities are arising left, right and centre.
Rents in Leeds city centre grew by 7.7 per cent in 2014 and are expected to surge by a further five per cent in 2015, re-igniting the residential development market.
Amongst them is new off-plan development, Victoria House, located in the northern quarter of the city centre. With a guaranteed net yield of eight per cent for three years, properties like this do not come on the market very often, especially with the small reservation fee of £5,000.
Within walking distance of the city centre, and in close proximity of the new Victoria Gate Shopping Centre and local universities, these apartments are ideal for investors and owner occupiers alike.
Hi-tech one and two bedroom apartments are still available alongside contemporary studios, with communal gardens, a concierge service and ensuite bathrooms all included in investments.
Victoria House is proving very popular amongst investors as result of its return on investment potential and availability at twenty per cent less than market comparables.
The X1 Aire apartments on East Street are also receiving high levels of interest from investors across the country and beyond, looking to capitalise on the vastly undersupplied rental market in the city centre. It’s predicted that in the next 5 years, Leeds will need an additional 20,000 new households.
Taking boutique living to the next level in Leeds, X1 Aire apartments have impressive, onsite amenities including a private gym and management office to compliment the chic city accommodation.
We have a wide range of apartments available for every budget, from bespoke one-bed apartments to luxury penthouses, which again offer a net yield of six per cent in year one.
Find out more information about these two properties and many more investment opportunities across the city centre by visiting www.parklaneproperties.com
This post was written by Lauren Simpson