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From £97,495

Abode

  • From £97,495
  • Gross Yield: 7.5%
  • Completed
  • Est. Q4 2019
  • Lease Length: 250 Years

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  • Investment Highlights

    • Excellent price point
    • Secure parking
    • High rental returns
    • Completion due Q4 2019 which gives investors a return on their money without having to wait
    • Good specificaiton
    • On the cusp of Leeds City Centre
    • Attractive lease terms
  • Property Description

    Located within a stone's throw of Leeds city centre and close to all that this vibrant and exciting city has to offer, Abode provides excellent city living for a discerning clientele.

    This contemporary new development comprises 23, one and two bedroom modern apartments in a range of sizes from 430sqft to 668sqft.

     

    Why invest in Leeds?

    A strong economy

    Worth over £60 billion, the region's economy is the largest outside London and accounts for 5% of the UK's economic output with the regional population seeing growth of 3.1% over the past five years.

    A further 2.5% growth is forecast for the next five years which substantially increases demand for the residential market. Vacancy rates in the housing market have fallen, further pushing prices upwards.

    Increasing Population

    Abode represents the perfect opportunity for the property investment market. Leeds is a major city with a central population of 781,000 as well as a wider regional population of some 3 million and a workforce of 1.5 million.

    Capital Growth due to First Time Buyer demand

    Situated off the main York Road, the development lies on the A64 corridor on the Eastern edge of Leeds. This convenient location on the edge of the vibrant city means that all attractions and amenities the city has to offer is just a short walk away; meaning it is a perfect location for a home. Abode also benefits from being close to recreational and suburban parks.

    Each apartment comes with a quality specification including branded sanitary ware and fitted kitchens. Apartments also benefit from secure car parking space in a gated courtyard.

     

    Great Specification

    The apartments benefit from electric central heating and feature tiled, laminate or engineered wood flooring and double glazing all coming as standard. A lift also services all upper floor apartments.

    Bathrooms and en-suites (where applicable) are tiled and feature contemporary white sanitary ware with chrome fittings and low level WCs.

    Each apartment benefits from a generous supply of sockets; such as integrated USB ports in the living areas and all bedrooms. As well as an intercom system. Furthermore, the development is protected by a 10 year latent defects guarantee from Checkmate; providing purchasers with insurance backed cover for peace of mind.

     

    Attractive Lease Terms

    Lease term: 250 Years
    Ground Rent: £250p.a
    Rent Review: 10 yearly based on increase in RPI

     

    High Yields

    Rental returns of up to 7.5% Gross are expected at Abode, which is some of the highest possible returns on offer in Leeds.

     

    Completion Date

    As the project is now completed it means investors can see their returns quickly.

  • Property Address

    United Kingdom
    LS9 6TA

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Information

  • From £97,495
  • Yield: 7.5%
  • Completed
  • Est. Q4 2019
  • Lease Length: 250 Years

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