I got many requests from Wealth Heights’ members to share property investment opportunities in the UK. Below is one of the good investment opportunities that passed my “6 Golden rules of properties investment” . I actually purchased a unit in the same building few months ago and currently enjoying a great over 7% net yield. If you are interested in similar opportunities, please send me an email to info@wealthheights.com. Unfortunately, there are only two apartments available.
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Less than 2 miles from Leeds City Centre
Spacious 1 & 2 bed apartments with parking
8.5% YIELD – £20k discount – Prices from £75k
Assetz are delighted to have secured the second development in Leeds this year. Assetz have an exclusive agreement with the developer on an office conversion of 32 apartments in a regeneration area on the fringes of Leeds City Centre. The units are ready and tenanted . The tenants are typically those professionals looking at getting more value for money whilst only having a 5 minute drive commute to the City Centre.
There will be demand from young professionals and doctors who work at the nearby St. James’s University Hospital which is just over a mile away and is one of the most famous hospitals in the U.K. This is perfect for those renters and future buyers who would rather have a 10 minute commute into Leeds City Centre and get far more for their money.
Leeds is home to two Universities (70,000 students) one of them, The University of Leeds a world renowned “red brick”, and is the largest legal and financial centre outside of London with some 124,000 people employed in this sector alone. Furthermore For the last 5 years Leeds has ranked in the top 5 for cities with the lowest unemployment in the UK.
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Why buy on this development? Scheme is exclusive to Assetz. White gloss kitchen – Oven, Hob & Extractor Includes white goods (washer dryer & fridge freezer) flooring and blinds. 8.5% yields are unheard of for any new build properties in the U.K Includes an allocated parking space on most apartments. Strong rental prospects suited to both young professionals and couples 6 years warranty. Under 2 miles from Leeds City centre 20k discount from appraised open market value Easily commutable to Leeds City Centre Allocated Car Parking spaces 1 -2 per apartment Suited to young professional market |
Why buy in this area? Leeds the third largest city in the UK HS2 High Speed Rail coming to Leeds from Birmingham 10 minutes from main shopping area and train station Huge potential for capital growth with 6.6% price rise recorded year on year in April 2015. Over 30 of the largest national and international banks are based in Leeds Leeds is also the UK’s largest legal centre outside of London with over 180 law firms There are over 200 Accountancy firms in Leeds including 20 of the largest in the UK Leeds City Station is the busiest in the UK outside London – 100,000 passengers per day Leeds is widely regarded as the second shopping destination in the UK after London with over 100,000 stores Over £650 million has been invested in shopping facilities in Leeds since 2010 11 Minutes by car to Leeds City Centre 24 minutes by bus every 10 minutes to Leeds City Centre 8 Minutes by Train from Burley Park Station to Leeds Central Station 11 Minute Drive to The University of Leeds |
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Apt No |
Floor |
Type |
spaces |
Size (sq ft) |
Expected Rent PCM |
Annual rent |
Service Charge PA |
Ground Rent |
Expected Net Income |
Assetz sales price |
Stamp paid |
Gross yield. |
Net Yield |
|
5 |
First |
3 Bed – 2 Bath |
2 |
771 |
£700 |
£8,400 |
£800 |
£250 |
£7,350 |
£104,000 |
£3,090.00 |
8.08% |
7.07% |
|
14 |
Second |
2 Bed – 2 Bath |
2 |
593 |
£675 |
£8,100 |
£800 |
£250 |
£7,050 |
£98,950 |
£2,968.50 |
8.19% |
7.12% |
LeedsEconomy
Leeds is the UK’s fastest growing city and is the main driver of a city region with a £56 billion economy, a combined population of 3 million and a workforce of 1.5 million.
It is the largest centre outside London for financial and business services. Over the next ten years, the economy is forecast to grow by 25% with financial and business services set to generate over half of GVA growth over that period.
Investment and development
More than £3.8 billion has been invested in large scale development projects over the last decade and there is a further £5.5 billion worth of development under construction and in the pipeline.
Proximity to London
Located at the intersection of the national motorway network, Leeds is just over 2 hours by rail from London Kings Cross. Leeds Bradford Airport is the UK’s fastest growing regional airport.
Attractions near Leeds city center
Victoria Quarter
Harvey Nichols the famous departments store has one of only two of it’s stores in the North of England in Leeds
Briggate shopping street
Leeds has the largest covered market in Europe dating back to 1875 which serves every fresh food you can imagine daily.
Leeds Arena is an 80 million pound development built in 2013 which hosts concerts and major sporting events in the city.
New Multi-million pound retail and leisure complex Trinity