Why South Bank makes Leeds the Best Place for Buy-to-Let Investment

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    Leeds is already one of the top prospects in the UK for buy-to-let investment, due to the many rejuvenation projects the city is currently undergoing. Consequently, boosting the already thriving economy and bringing new residents to the city, one of the most anticipated of these projects is South Bank Leeds.

    South Bank will regenerate an area of land equivalent to 350 football pitches south of the River Aire. As one of the largest city centre regeneration schemes in Europe South Bank will double the size of Leeds city centre and help the city sustain its high growth levels for future decades.

    Major Employers in Leeds Will Increase Housing Demand, Creating the Perfect Buy-to-Let Opportunity

    The project will continue to bring top employers to Leeds. Already in the South Bank area are Sky and Asda’s headquarters, as well as an award-winning digital and creative cluster of over 250 businesses. In fact, the area is a leading location for the region’s digital economy.

    These businesses are bringing fantastic employment opportunities with them. South Bank is aiming to develop a global hub of investment and creativity; creating 35,000 jobs and drawing new skilled professionals to the area. Thereby increasing demand for high quality accommodation, and making now a great time for a buy-to-let investment in Leeds.

    Excellent Amenities Available at Leeds South Bank

    With the project providing over 8,000 homes, there will also be the opportunity to live at South Bank. A wealth of amenities will be available to both residents and visitors; including bars, eateries, fitness facilities, retail outlets and even a skate park. There are additional plans to develop a multi-use park to allow flexibility as Leeds develops and grows.

    Infrastructure in the area will be improved to create better access to jobs, retail and leisure opportunities throughout the South Bank. New public footpaths will improve pedestrian access to the city centre. Furthermore a cycle-friendly boulevard road network will create a better environment throughout. Extended bus routes will widen public transport access, and a new parking strategy will provide ample spaces for drivers.

    New HS2 Leeds Station

    South Bank is in prime position to benefit from the large amounts of investment coming into Leeds as a whole. It is even the proposed location for the new Leeds HS2 station. This station is forecast to have a higher football than Gatwick airport does currently.

    HS2 will encourage further economic development in Leeds via its drastically shortened travel times between Leeds and other major UK cities, such as London and Birmingham.

    As well as HS2, there are huge plans to better connect Leeds to other key northern cities through the Northern Powerhouse Rail initiative.

    With so much happening at South Bank, there is no better time to invest in Leeds than now. Contact North Property Group to find out more.

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