Property investments in Leeds are often considered due to their low price and high yields. Leeds is one of the fastest growing cities in the UK. As one of the key cities in the Northern Powerhouse initiative its ever-strengthening economy has boosted by high levels of investment from the scheme. More and more people are moving to Leeds drawn by its attractive career prospects and vibrant atmosphere.
This growing population needs places to live, making property investments in Leeds a prime contender for any buy to let investor. Here we look at the gold, silver and bronze medallists of the property investment opportunities in Leeds.
Offering the highest yields in Leeds city centre at 7.5%. Green Quarter is a great choice for a buy-to-let investor. It is in a fantastic location close to John Lewis, Victoria Gate, Leeds Docks, SOYO, and The Headrow. Green Quarter is also in a prime position to benefit from the growth of Leeds’ Southbank area.
Prices for one of Green Quarter’s 86 apartments start at just £95,000. Each one is generously sized with luxury specification throughout. The properties are designed to maximise rental income and encourage long-term tenancies. Residents’ parking is also available.
Construction at Green Quarter is well underway and due to complete in Q1 2020.
Perfect for property investors interested in taking advantage of Leeds’ growing student population. Northgate House is located less than 3 miles from the Universities of Leeds in the suburb of Meanwood. This area and nearby Headlingly boast a diverse range of restaurants, cafes and shops which also makes them particularly popular with young professionals and affluent residents.
There are 54 apartments on offer each finished to a premium specification. The luxury finishes and fittings include real wood floors, feature windows, premium fitted kitchens, luxury bathroom suites and stylish lighting. There is also secure underground parking for each apartment.
Northgate House is a brand new development for 2019. Construction is scheduled for completion in early 2020. Property prices start at £144,500 and 6.7% yields are expected.
With yields of up to 7.44% Pearl Chambers is another great choice for property investors who want to benefit from the growing numbers of international students in Leeds.
The LS1 postcode of Pearl Chambers is the perfect location to make the most of high rental demands. Usually these kinds of yields can only be found in regeneration/second-tier areas, but the desire by affluent international students to live on Park Row has created high rents and fantastic yields. Pearl Chambers is a safe bet for capital growth on a buy-to-let property.
Properties at Pearl Chambers start at £159,500. Every aspect of each apartment has been considered to the smallest detail to ensure luxury city centre living. And as construction at Pearl Chambers has already completed you can start receiving rental income straight away.
If you’re interested in investing in any of this great Leeds developments contact North Property Group today to find out more.