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From £135,000

North Crescent Phase 1

  • From £135,000
  • Gross Yield: 7.6%
  • LTV: 80 %
  • Completed
  • Lease Length: 250 Years

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  • Investment Highlights

    • SOLD OUT.
    • See our resales page for North Crescent resale opportunities.
    • Looking for more off-plan? We have more. Take a look at our other investments in Leeds.
    • On the door step of destinations such as the brand new John Lewis, Northern Ballet, Leeds City bus station and Leeds University.
    • The development is less than a 5 minute walk from The £165m Victoria Gate shopping centre, with John Lewis as the main tenant.
    • The Leeds's housing supply has been lower than the annual target since 2009.
    • In the wider region, the population has grown by 3.1% over the past five years.
    • The region needs over 90,000 units to be delivered by 2021. However, only 60,000 residential units are currently in the development pipeline for this period, creating a housing shortfall of 30,000.

    Amenities

    • Lift
  • Property Description

    Investing at North Crescent

    North Property Group are pleased to exclusively offer these fantastic 2 x bedroom apartments in Leeds city centre at North Crescent Phase 1. From just £135,000, inclusive of a secure parking space on the doorstep of the brand new John Lewis development.

    Discounts Available

    Each unit offers up to £25,000 discount per apartment. This makes an ideal buy to let investment opportunity with an initial net yield of approx. 7% as rents will be £850 pcm based on current market conditions.

    Lease Length

    The lease for each flat is 250 years; with an annual ground rent payable at £250 per annum. To be confirmed but estimated to be under £1,000 per annum is the service charge.

    Investment Case In Leeds' Northern Quarter

    North Crescent Phase 1 is on the door step of destinations such as the brand new John Lewis, Northern Ballet, Leeds City bus station, Lloyds banking group offices, Leeds Becketts University and Leeds University. The development also has great access to the ring road and Motorways. Not to mention a short walk from many of the city centre’s biggest employers and leisure amenities.

    North Crescent Phase 1 is located in Leeds City Centre and is perfectly positioned for city dwellers who wish to enjoy some of the city’s top leisure attractions whilst being on the door step of some of the Leeds biggest employers.

    The development is less than a 5 minute walk from The Victoria Gate shopping centre which is being developed and due for completion in 2016 with John Lewis as the main tenant. North Crescent is also a short walk away from some of the largest employers in the city; including The Department of Work and Pensions, BBC Yorkshire, Capita, Yorkshire Bank HQ and Lloyds Banking Group.

    Well positioned for the new Leeds City Council HQ which will house all of the main services at Merrion House is the development. This is also within a 10 minute walk. Merrion House is on Merrion Way which is also the home of The First Direct Arena and ‘The New Front’ Merrion Shopping Centre.

  • Property Address

    United Kingdom
    LS2 8JS

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Information

  • From £135,000
  • Yield: 7.6%
  • LTV: 80 %
  • Completed
  • Lease Length: 250 Years

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