Leeds’ Knowledge Quarter is one of the city’s most exciting up-and-coming areas for astute property investors: if you’re looking for a truly promising investment, this sought-after area should be at the top of your list.
The Knowledge Quarter of Leeds is in a great location. It is close to the city centre, local universities and top employers, as well as numerous schools. The area is therefore especially popular with students, professionals and families. This creates a mixed rental demographic in the Knowledge Quarter of Leeds that ensures investment durability, reduces untenanted periods and creates a large degree of dynamism.
Large Student Population
Students in particular are attracted to the Knowledge Quarter. Drawn to the area by its vibrant atmosphere and great local amenities, over 35% of Leeds students decide to stay in the city after graduation. With some of the city’s biggest employers within walking distance of the Knowledge Quarter, the area’s graduates often remain here to become the neighbourhood’s young professionals.
Just some of these employers include ITV on the nearby Kirkstall Road, Kirsktall Forge, and numerous businesses on Wellington Street. The Wellington Place development will see Sky Bet move their HQ to the address, while HMRC is creating a purpose-built 378,000sqft government hub here.
Huge Employment Opportunities in the Knowledge Quarter
Also generating huge employment opportunities in the local area is Phase 2 of the Wellington Place project. Once complete, there will be an additional 830,000sqft of office space; as well as 50,000sqft of retail, health and community facilities and a 230 bedroomed hotel.
There are plenty of opportunities for enjoyment outside of work too. The neighbourhood is home to a large variety of bars, eateries and shops. Locals can enjoy the latest blockbuster at the Vue cinema as well as socialise at the Hollywood Bowl on Kirsktall Road. Furthermore, for live music the legendary Brudenell Social Club, one of Leeds most loved music venues, is just a ten minute walk away.
Residents also benefit from an abundance of green space. The neighbouring parks and playgrounds include the popular Burley Park, Willow Field and Burley Green with its incorporated playground. Burley Park even has free tennis courts, a basketball court and a bowling green.
The Knowledge Quarter has extremely good transportation to Leeds and beyond. Bus and train routes from Burley Park railway station connect the area with Leeds city centre; as well as other Yorkshire cities such as Horsforth, Harrogate, Knaresborough and York. The Leeds ring road, which gives access to the M1 and M62, is ideally situated close by.
Alexandra Park Apartments
One of the most exciting new-build investment opportunities currently available in the Knowledge Quarter is Alexandra Park Apartments. Starting at just £125,000 with forecasted yields of 7%; the Alexandra Park Apartments project offers a unique chance to own a property in one of the country’s most thriving regions.
Perfectly suited for modern city-centre life; each of the 110 one to three bedroom apartments is designed for contemporary open-plan living. Every unit boasts to an incredibly high spec and great views from every aspect.
Recent schemes like the popular IconInc prove the attractiveness of this area. The high demand for both IconInc and Alexandra Park Apartments is typical of Knowledge Quarter. Such long-term rental demand and growth help futureproof your investment, thereby generating excellent returns.