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From £115,000

Avenue Court

  • From £115,000
  • Gross Yield: 6.5%
  • Completed
  • Est. Q1 2021
  • Lease Length: 250 Years

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  • Investment Highlights

    • Completed Development
    • Parking Included
    • Low Ground Rent
    • Boutique Development
    • Low Service Charge
    • Strong Tenant Demographic
    • Good Specification

    Amenities

    • Parking
  • Property Description

    Brand new boutique scheme of just 8 apartments. Pre-launch prices start from £115,000 for a one-bedroom apartment including parking.

    Location:

    Chapel Allerton is very popular with a range of demographics; due to the number of schools so close by; such as Bracken Edge Primary School and Leeds City College and more, families, and many young people wanting to start a family, are drawn to the area. Additionally, Chapel Allerton is filled with global eateries, quick transport into Leeds City Centre, popular bars and a lively centre; all of which appeals to the demographic of young professionals looking for accommodation. With all the different demographics being drawn to the area, there is a surplus of housing demand however a severe lack of supply. Due to this lack of accommodation, many investors and landlords are able to generate impressive rents and strong yields.

    The Development

    Just eight spacious, well designed, completed apartments in one of Leeds' most popular suburbs - Chapel Allerton. Set across four floors the development has been completed to a good specification and benefits from four parking spaces which are available for the residents of the building to use.

    Ground Rent & Service Charge:

    The ground rent is low at just 0.1% of the purchase price.

    The service charge is £1 per sqft.

    Completed apartments ready to let

    These properties are good to go! They're completed, ready to let, and we can source you a tenant upon completion. You'll see a return on your invested funds very quickly.

    Yields

    We expect these apartments to generate yields of 6.5%.

    Specification:

    Bedroom:

    • Covaplus Vinyl Matt Emulsion – Brilliant white to walls and ceilings
    • All woodwork to be Princess Grey
    • Carpet liberty twist – Colour 90/91 FSCI on 10 mm thick underlay
    • 100 mm skirting (Princess Grey)
    • Recessed LED downlighting
    • Brushed chrome light switches
    • Brushed chrome switch plates/ plug sockets
    • Electric heaters
    • Brushed chrome phone point
    • TV Ariel socket
    • 2 no. double brushed chrome switch sockets

    Living/Dining:

    • Covaplus Vinyl Matt Emulsion – Brilliant white to walls and ceilings
    • All woodwork to be Princess Grey
    • Carpet liberty twist – Colour 90/91 FSCI on 10 mm thick underlay
    • 100 mm skirting (Princess Grey)
    • Recessed LED downlighting
    • Brushed chrome light switches
    • Brushed chrome switch plates/ plug sockets
    • Electric heaters
    • Brushed chrome phone point
    • Wireless access Internet point
    • TV Ariel socket
    • 3 no. double brushed chrome switch sockets

    Kitchen:

    • Recessed LED downlighting
    • Brushed chrome light switches
    • Brushed chrome switch plates/ plug sockets
    • Flat panel units
    • 1 drawer pack
    • Fan assisted single electric oven
    • 600 mm electric solid plate hob
    • Stainless steel sink
    • Chrome monoblockmixer tap
    • Brushed chrome cooker hood extractor fan
    • Matt laminate work surface
    • Fully tiled splashbacks
    • Freestanding washer/dryer
    • Freestanding undercounter fridge freezer
    • Hot water cylinder to be housed under sink counter

    Bathroom:

    • Covaplus Vinyl Matt Emulsion – White Ceramic wall tiles to be light/ mid dark grey pastel colours, one colour to be used
    • Partly tiled showers cubical and splashbacks to vanity units
    • Recessed LED downlighting
    • Brushed chrome light switches
    • White extractor fan
    • Electric chrome heated towel rail, wall mounted
    • Monoblock chrome square shower mixer and riser
    • Monoblock chrome square taps
    • Cistern toilet
    • Shower tray enclosure
    • Brushed chrome starter sockets
    • Shower tray to be either cubicle or full width with low level upstand, subject to individual flats bathroom design.

    Leeds Property Investment Case

    Proven and Resilient Market

    In recent years the Leeds property market has gone from strength to strength. Investing in a healthy market is an attractive option for first-time property investors, as it reduces risk and ensures peace of mind.

    Even the global pandemic couldn’t slow the Leeds housing market. During 2020, house prices in Leeds outperformed almost every other British city and sales skyrocketed.

    Leeds is also the UK’s fastest growing city with an economy that has increased by 34% over the last decade. The city’s economy is now worth £21.3 billion each year.

    Such strong performance proves the resilience of the Leeds property market and makes it a top choice for first-time property investment.

    Strong Demand

    The buoyant Leeds’ housing market is driven by strong demand for property in the city. Leeds is home to some of the country’s top employers and has a wealth of beautiful green space, making it an attractive location for professionals keen to leave places like London.

    Buying in a city with strong demand is vital when making a first-time property investment. Without demand there is a risk that your property will be empty, which will lose you money.

    In Leeds, there is no such risk. As well as young professionals, there is strong demand from families and students, who all require good-quality homes. With a large proportion of the Leeds population renting, the city is a secure choice for a buy-to-let investment.

    Bright Future

    The future of Leeds is bright. Housing prices are expected to outperform predictions for 2021 and beyond, increasing by 13.5% by 2026. Rental yields will also grow, rising by 2.5% in 2022, 3% in 2023 and 2024, and 2.5% in 2025.

    There are some truly exciting development schemes in the pipeline for Leeds too. Projects in the Northern Quarter and the South Bank, as well as the major SOYO investment, will increase demand and economic success in Leeds for years to come.

     

    Leeds investment case

    Leeds is one of the fastest-growing cities in the UK. The Leeds City Region is the UK’s biggest economy outside of London, worth £67 billion annually – an increase of 40% over the previous decade. With 119,000 businesses in the Leeds region it is the largest centre for financial and business services outside of the capital, attracting the second-highest workforce in the UK of over 1.9million professionals to the area. It is home to a £1 billion tech centre, there are nine universities (producing almost 40,000 graduates each year) and at any one time there are 60,000 students here, including 9,000 international students from over 170 countries.

    Buy to let in Leeds

    Leeds is booming, yet property prices remain attractive for investors – prices in Leeds are far cheaper than its counterpart Manchester, and yet Leeds has a greater economic output, a larger population and according to JLL it has just overtaken Manchester in terms of projected price growth. Leeds is the next Northern city to boom. The region is rapidly growing and property prices are about to soar, just like Manchester did five or six years ago. There is no better time to invest in Leeds. Now is the time to capitalize and benefit from the growth in years to come.

  • Property Address

    United Kingdom
    LS8 4HX

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Information

  • From £115,000
  • Yield: 6.5%
  • Completed
  • Est. Q1 2021
  • Lease Length: 250 Years

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