Location, location, location. It’s the property-market cliché that actually rings true. Location is one of the most important things to think about when buying an investment property. In the past, London was the go-to city for property investment, but this is no longer the case. Leeds property investment is on the rise.
With the London property market stagnating, more investors are looking north. In contrast to London, the Northern Powerhouse cities are experiencing property market booms. With their low housing prices and high demand, rental yields are also much higher in the north.
To put this into context, here are four properties that show how much further your money can go when choosing a Leeds property investment over London.
Leeds Riverside Apartments, from £142,000
By making a Leeds property investment from just £142,000 in Riverside Apartments, you’ll own a brand new apartment in the thriving Leeds South Bank area. Also known as Victoria Riverside, this development is strategically situated next to the River Aire and close to some of Leeds’ top employers.
The scheme is due to complete in Q3 2020 and will house 330 one, two, and three-bedroom units. Each apartment is styled for modern living, with high-spec finishes with contemporary design.
Tenant demand is expected to be high, so buy-to-let landlords can expect yields of up to 7%.
A 25% share in a London one bedroom flat, £140,000
The asking price for 25% of this one bedroom apartment in London is just less than the full purchase price of a brand new apartment in central Leeds.
Situated on the fifth floor of an old tower block, this apartment comes with a fitted kitchen and balconies. The flat is located in Borough, where the average rental yield is 2.5%. But as it’s a shared ownership property it’s unavailable to investors anyway.
In fact, when researching this article we were unable to find any London properties available to property investors for the price of a Leeds property investment.
Leeds V2 Mansions, from £145,000
V2 Mansions is another great Leeds property investment opportunity. With an investment from £145,000, you could add a piece of Leeds history to your property portfolio.
The V2 Mansions building was converted from a historic mansion house to 14 one and two-bedroom apartments in January 2019. Some of the building’s original features tastefully sit side-by-side with contemporary fittings, giving it a unique feel.
Situated in the affluent Leeds suburb of Chapel Allerton, this Leeds property investment is particularly popular with professionals and students. Each apartment comes with its own secure parking space and there is a private communal garden for residents to enjoy.
V2 Mansions is already complete, with rental yields reaching 6%.
A parking space in London, £150,000
For £5,000 more than an apartment (that comes with secure parking) in Leeds V2 Mansions, you could buy your very own London parking space.
The parking space is located in central London’s Knightsbridge area and can fit one car. The space comes with electric gate access and CCTV.
The space comes unfurnished without any bedrooms or living areas.
Contact us- Leeds Property Investment
To find out more about maximising your money with a Leeds property investment, contact North Property Group today.