Meanwood, nestled in the North East of Leeds, is a former village that has since grown into a bustling suburb, although it now forms part of the city with all its benefits, Meanwood has retained its village feel and is a great option for property investment.
The northern areas of Leeds are the most affluent and have some of the most expensive properties in the city. Meanwood is no exception – the average property sold for £224,256 in 2018, 9% up on 2016. This area, as well as neighbouring Headingley, is experiencing huge levels of gentrification and modernisation, attracting many wealthy residents.
Excellent Transport Links
Meanwood further benefits from excellent transport links. Situated on the edge of the outer ring road, there are great connections to Leeds city centre and Yorkshire itself. This makes Meanwood a perfect spot for young professionals and families alike.
There is a wide variety of fantastic independent eateries, shops and bars in the area. These include the beer haven Alfred Bar, new pizzeria Burt & Nelly’s and popular pre-loved furniture store Blackbird Vintage. Meanwood is also just a stone’s throw from two highly regarded primary schools, and even has a brand new Waitrose on its doorstep.
Meanwood Park offers plenty of green space for fun and relaxation. Open 365 days a year, the 29-hectare Meanwood Park offers fantastic leisure amenities as well as beautiful landscaping. Just some of the facilities available at Meanwood Park are tennis courts, a bowling green, picnic areas, a children’s playground, and a nature reserve.
Investment Opportunity at Northgate House, Meanwood
Property currently available for investment in Meanwood is Northgate House. This brand new 54-unit development offers the highest spec in the area. Every one or two bedroom apartment represents a well-appointed place to live. These apartments boast a premium specification that includes real wood floors, feature windows, premium fitted kitchens, luxury bathroom suites and stylish lighting. Each apartment also comes with video entry systems, access to the private communal garden, secure cycle storage and car parking.
Spread over two contemporary blocks, units at Northgate House start at just £144,500 for a one bedroom and £175,000 for a two bedroom. Yields on a property investment at Northgate House are expected to reach 7%. Block A is due to complete in Q4 2019 with Block B expected in Q2 2020.
To find out more about Northgate House or the wider Meanwood area, contact Leeds property experts North Property Group today.