Work at the stunning Leeds development The Preston is finished and ready for its first residents. Combining a historic limestone exterior with a modern interior and located in the high rental yield area of the Leeds Knowledge Quarter, The Preston’s completion is fantastic news for investors.
High investment demand
The Preston is a redevelopment of an iconic listed building in a sought-after Leeds location. With unit prices starting at just £95,000 and gross yields anticipated to reach a very strong 8.2%, demand from property investors was incredibly high.
All 57 apartments completely sold out within months of The Preston’s launch. And now work has finished, investors can start seeing the healthy returns expected from an investment into such an exciting project in a high rental yield area of Leeds.
The project was completed by Yorkshire’s biggest property developer, Mandale Homes, who have brought their usual excellence in design, quality, and attention to detail to The Preston.
The perfect mix of old and new
With its completion, the true quality of The Preston can be appreciated. Inside the building’s historic limestone exterior are the 57 one and two-bedroom ultra-modern apartments. Each is designed with a thoughtful layout incorporating large windows for plenty of natural light.
Each unit comes fully equipped with luxury modern fittings and finishes. The kitchen features integrated appliances and chrome light fittings, while residents can relax in combined bath/showers in their stylish bathrooms at the end of a long day. Every apartment is finished with a mix of wood and carpeted flooring.
The elegant combination of old and new continues throughout The Preston. This conversion is truly future-looking, with electric car charging points alongside its residential parking spaces.
Fantastic Knowledge Quarter location
The Preston is strategically situated in the high rental yield area of the Leeds Knowledge Quarter. Located on Kirsktall Road, it is close to the city centre and has excellent transport links nearby.
The Knowledge Quarter itself is one of the most exciting areas of Leeds. Especially appealing to young professionals, it’s also close to some of the city’s biggest employers such as ITV, Sky Bet, HMRC and Channel 4. It’s also nearby various higher education facilities of Leeds, making the Knowledge Quarter a natural choice for students.
Get in touch for high rental yield areas
If you missed out on your chance to invest in The Preston, don’t worry. There are plenty of other great investment opportunities still available in high rental yield areas of Leeds. Contact North Property Group today to find a Leeds buy-to-let investment for you.