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From £149,995

Alexandra Park Apartments

  • From £149,995
  • Gross Yield: 7%
  • In Construction
  • Est. Q3 2022
  • Lease Length: 250 Years

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  • Investment Highlights

    • Launching in June - pre register your interest for information prior to launch
    • Ground rent is 0.1% of the purchase price
    • Expected 7% gross yields
    • 250 year lease
    • An unbeatable payment plan of just 10% required on exchange and the remainder on completion
    • Concierge service on site
    • Parking
    • Led by reputable developers
    • 24-hour CCTV and key fob entry system
    • Wine coolers included
    • A strategic location - close to major employers and the universities
    • Alexandra Park Apartments are strategically located in the sought after Knowledge Quarter of Leeds
    • Due to the strategic positioning of Alexandra Park Apartments, the development is expected to appeal to a mixed demographic of tenants which gives the investment a large amount of dynamism and durability.

    Amenities

    • Concierge
    • Parking
    • Bycicle Store
  • Property Description

    Coming Soon to Leeds - 110 one to three bedroom apartments. Located in the Knowledge Quarter of Leeds, close to universities and the region's top employers in the Financial District. Gross yields at Alexandra Park Apartments are expected to be strong at 7%, and the project is being offered with an unbeatable payment plan with just 10% required on exchange and the remainder on completion.

    Due to the strategic positioning of Alexandra Park Apartments,  the development is expected to appeal to a mixed demographic of tenants. Investors can rest assured there will be no shortfall of tenant demand.

    Why invest in Leeds?

    The city is booming. Leeds population is expected to grow to 819,000 by 2024, driving rental demand in the region. With only 60,000 new homes in the pipeline – far short of the required 90,000 by 2021 – the Leeds housing market will certainly benefit. Over the next 5 years house prices are forecasted to have increased by 19.9% and rental prices by 18.8%. In 2018 the Leeds property market was estimated to be worth £59 billion, which is only expected to improve.

    With 119,000 businesses in the Leeds region it is the largest centre for financial and business services outside of the capital, attracting large numbers of professionals to the city. It is home to a £1 billion tech centre, earning Leeds the name of ‘digital capital of the North’. There are nine universities in Leeds producing almost 40,000 graduates each year.

    At any one time there are 60,000 students in Leeds, including 9,000 international students from over 170 countries. This constant influx of students and young professionals is creating a genuine requirement for high-quality, well[1]located rental properties. Alexandra Park Apartments is perfectly placed to cater to this demand

    Tenant Demographic

    Professionals

    As the project is located just a short commute from the financial district, Kirkstall Forge and the LGI, the development will appeal to a variety of professionals working across a number of different sectors. With accessible parking available the apartments will be desirable to professionals who require secure car parking.

    Students

    Situated in the heart of The Knowledge Quarter, Alexandra Park Apartments 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. Iconinc - The Glassworks, a purpose build student development located 0.2 miles from Alexandra Park Apartments, has proven this demand as it sits at a 100% occupancy rate for the current academic year.

    This mixed rental demographic ensures investment durability and a large degree of dynamism. High demand in this part of Leeds has been proven with neighbouring schemes like IconInc, meaning your investment is futureproofed with long-term rental demand and growth.

    Location

    Alexandra Park Apartments are strategically located in the sought-after Knowledge Quarter of Leeds. Its close proximity to the city centre, the local universities and top employers make this area especially popular with students and professionals. The numerous schools near to Alexandra Park Apartments and the surrounding areas also attract many families to the neighbourhood. Some of the biggest employers in the city have offices within walking distance of Alexandra Park Apartments, including ITV on the nearby Kirkstall Road, Leeds General Infirmary, and numerous businesses on Wellington Street. The Wellington Place development will see Sky Bet move their HQ to the address, while HMRC is creating a purpose-built 378,000sqft government hub here. The Channel 4 HQ is less than 1.5 miles away from Alexandra Park Apartments, which makes the development a natural choice for its employees.

    The Developer

    With previous developments such as:

    Horsforth Mill: comprises a Grade 2 listed Mill that dates back to 1906, which was carefully converted into residential apartments with the addition of 2 new build blocks. A combined offering 89 one, two and three bedroom units with car parking facilities in an affluent North Leeds suburb, Horsforth Mill was successfully completed in 2018. The development beautifully weaves the old mill with a new extension offering level in luxury living in Leeds.

    Green Quarter: Green Quarter is a new build development comprising 4 blocks of apartments totalling 86 units, completed in 2020. Successfully developed by Countrylarge, the apartments in Green Quarter were let to tenants with the building fully occupied within 6 weeks of completion, representing an outstanding investment for those who purchased an apartment in the project.

    Pearl Chambers: Pearl Chambers is a Grade 2 listed mixed use development with frontage onto South Parade, East Parade and the Headrow opposite the Leeds Town Hall. Surrounded by the pristine Georgian Park Square, the elegant apartments in Pearl Chambers were designed to accommodate the specific needs of those with more discerning tastes, who demand the highest quality and are used to the best. The luxury tailored interiors are the epitome of sophistication
    and comfort – and the residence exudes period charm and elegance.

    Amenities

    Alexandra Park Apartments are creating the perfect space for modern living. Residents will have peace of mind thanks to the extensive security systems comprising 24-hour CCTV and key fob entry system. A communal courtyard and garden provide relaxing outdoor escape from the hustle and bustle of city life.

    47 parking spaces are available to residents at Alexandra Park Apartments. The inclusion of onsite parking makes Alexandra Park Apartments the natural choice for car owners, allowing them to live close to the city centre without having to pay extortionate local parking rates - which can reach £175 per month. There is onsite cycle storage for bicycle owners.

    A designated concierge service is also at residents' disposal and complements the luxury lifestyle available here. The concierge will be responsible for receiving parcels, monitoring CCTV and overseeing the maintenance of the communal areas and grounds of the development, thus adding to the security of the development. A ground floor reception area with floors add the finishing touches.

    Specification

    Bedrooms

    – Fully carpeted flooring
    – White power sockets
    – All bedrooms large enough to fit a double bed

    Kitchens & Living Rooms

    – Fully fitted kitchen with soft-close hinges
    – Integrated oven / hob / fridge freezer / dishwasher
    – Glass splashback to hob
    – Built in wine cooler
    – Laminate worktops and matching upstands
    – Oak laminate flooring
    – Built in extractor
    – Utility room with an electric boiler and washer-dryer
    – Double doors leading to the balcony
    – Telephone points in living area
    – High quality sanitary wear
    – Electric chrome towel rail
    – Fully ceramic tiled flooring
    – Full height ceramic tiling over baths where there is a showers and to shower cubicles
    – 2 bed units come with Jack and Jill bathrooms, creating huge appeal for tenants looking to share

    Apartments

    – All layouts thoughtfully designed
    – Range of sizes available
    – Walnut laminate entrance door
    – Secure video entry system
    – Capacity for cable TV
    – LED spotlights throughout
    – Electric panel heaters throughout
    – All apartments come with balconies (standard or Juliette)
    – Top floor two bedroom apartments have large wraparound balconies
    – Top floor three bedroom apartments come with private terraces as well as wraparound balconies – a feature totally unique to Alexandra Park Apartments
    – Some ground floor apartments have private patios
    – All top floor apartments feature floor-to-ceiling windows

    Capital Growth Opportunity

    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.

    Alexandra Park Apartments represents exceptional value at an average cost per sqft of just £308 compared to apartments in Manchester which can reach upwards of £500 a sqft and Liverpool at £450 a sqft. Investors be confident of seeing capital appreciation at Alexandra Park Apartments.

     

  • Property Address

    United Kingdom
    LS4 2ET

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Information

  • From £149,995
  • Yield: 7%
  • In Construction
  • Est. Q3 2022
  • Lease Length: 250 Years

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