Construction is well underway at the Ashtree Apartments at the edge of Leeds city centre. As the development, which comprises 15 one and two bedroom new-build apartments, nears its completion date of Q4 2019 we are pleased to report that the work is on schedule and the building is taking shape which makes the project an ideal Leeds investment.
Penthouses Taking Shape
Currently under construction are the two penthouses with large private terraces at the back of the building, both offering stunning views over Leeds. Also in good in progress are the rest of the apartments, each which will be finished to high spec including a fully fitted kitchen/diner with integrated appliances, a mix of top wood and carpet flooring and a private parking space. Sizes range from 420sqft to 936sqft.
Property investment in Leeds continues to be a popular city for investors looking to deploy funds; with North Property Group achieving sales of £21m within the first half of 2019. Ashtree Apartments are proving themselves popular with buy-to-let investors, partly due to the starting price of just £107,500 and low ground rent and service charge, resulting in high yields of up to 7.48% gross and 7.06% net. Whilst this scheme is ideal for property investment in Leeds, there is also a high owner-occupier demand thanks to its great suburban location with good schools, transport links, local amenities and the city centre all within a close reach.
The units are being sold exclusively by North Property Group. If you’d like to add an investment with high capital growth in one of the most vibrant, fast-growing cities in the UK to your buy-to-let portfolio, get in touch today.