North Property Group are proud to present a brand new property investment opportunity in Leeds; Ashtree Apartments is a stunning collection of 15 residential new-build apartments at an extremely attractive price point. One parking space allocated to each apartment, included in the price, and the top two units have huge private roof terraces overlooking Leeds.
A show-flat at Ashtree Apartments will be available to view in March 2019 however we expect demand to be high due to such a strong investment case, so contact the office to register your interest prior to the launch of the show-flat.
Located within a stones throw of Leeds city centre and close to all that this vibrant and exciting city has to offer, the apartments provide excellent city living for a discerning clientele.
This contemporary new development comprises fifteen, 1 and 2 bedroom modern apartments in a range of sizes from 420sqft to 936sqft. Each apartment comes with a high quality specification including branded sanitary ware and fitted kitchens.
All of the kitchens come with integrated appliances. There is wood top flooring throughout the kitchen/living room/corridors and carpets in the bedrooms.
Situated off the main York Road, Ashtree Apartments 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. The excellent Leeds location will encourage a mixed tenant demographic and high demand, making this an ideal property investment. The development also benefits from being close to recreational and suburban parks.
With easy access onto the A64 (M) York Road and just 2 miles from Leeds railway station, the location of this development means travel to other major cities and destinations is effortless.
All of the properties at this development will come inclusive of a parking space.
Lease term: 199 Years
Ground Rent: £250 p.a
Rent Review: 10 yearly based on increase in RPI
Service Charge: Just £1 a sqft
As low as £162 a sqft! The apartments have been priced to sell quickly.
One-bedroom apartments start from £107,500.
Two-bedroom apartments start from £120,000.
Inclusive of parking.
Gross Yields up to 7.5%
Net Yields up to 7.06%
The fantastic news about this development is that the Service Charge & Ground Rent at the scheme is so minimal that the difference between your Gross Yield and Net Yield is extremely small. A 7%+ yield in such an emerging city location really means this scheme is a no-brainier.
You won't find these on any of the portals - they are completely off-market and exclusive to visitors to the North Property Group website.
The scheme is a boutique scheme of just 15 units; 5 one beds and 10 two beds. Two of the 2 beds have large private terraces and stunning views from the top of the scheme. With just 15 units available, it presents a unique opportunity to secure a fantastic investment in an emerging part of Leeds.
The interior photos provided are of the developer's last project.
Though a show-flat is coming soon, do not wait to register your interest. Either contact us here or give an investment consultant a call on 01134264444. Apartments can be reserved prior to the launch of the show-flat and we expect these units to sell quickly due to their attractive price point.
Leeds was recently named the most profitable Northern city to be a property investor by CIA Landlord; with an average monthly profit of £432.29 and an average property price of just £189,738. Additionally, according to Savills, Yorkshire house prices are forecast to grow by 21.6% over the next five years and rental prices in Leeds are expected to increase by 14.2% by 2025; therefore now would be the ideal time for a property investment in Leeds.
With lots of students in the city, many of whom stay on after graduation, as well as young professionals making the most of the city’s diverse economy, Leeds has a healthy rental market. The vacancy rate has nearly halved in the past decade, reaching a low level of 2.5% in 2017. Forecasts look promising with JLL predicting that Leeds will have the largest increase in rents compared to Manchester and Liverpool, at 18.8% between 2018 and 2022.
Leeds is globally well-known for its education institutions, which includes four universities attended by more than 65,000 students per year. Named the UK’s best student city in 2016 by The Independent; many of the universities are well established in their various fields. For example, Leeds Beckett ranked 1st internationally for technology, 2nd in the world for virtual learning and 3rd worldwide for laboratories. Also, Leeds Arts University can boast Henry Moore, Barbara Hepworth and Damien Hirst amongst its notable alumni.
Leeds is a major UK business centre and one of the best places in Europe to locate a business. The city has one of the most diverse economies of all the UK’s main employment centres. Furthermore, the city sits at the heart of a wider city region which has an economy worth over £64 billion per annum and a workforce of 1.4 million.
Leeds is currently one of the largest hubs outside of London for financial and business services, digital, creative publishing and broadcasting. Additionally, the city is also seeing a rise in the technology, media and telecom industry; more than any other Northern Powerhouse city.
Expected to grow an extra 21%, within the next 10 years, is the Leeds economy; with financial and business services set to generate over half of GVA growth in that period.
The Southbank project will transform Leeds; doubling the size of the city centre as well as the Leeds economy. It will turn the Southbank area into a global destination for investment, sustainable living, learning, culture, creativity and leisure. Southbank will bring 35,000 new jobs, 8,000 homes and a new international commercial district to Leeds. So now would be the perfect time for a property investment in Leeds.
Another significant project is SOYO. Once complete, the £300 million development will be the heart of the Leeds cultural scene. This extended cultural quarter brings with it: almost 150,000 sq ft of office, retail, and leisure space. As well as 700 residential units. Due to SOYO’s many trendy bars, restaurants and outdoor spaces, the area is likely to become one of the most desirable in Leeds.
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