Ashtree Apartments

    • Project Updates

      • 09/06/20 - Ashtree Apartments Construction Update – June 2020

        Construction is complete and all apartments are finished & fully tenanted.

      • 20/05/20 - Ashtree Apartments Construction Update – May 2020

        New drone video of Ashtree Apartments is now available to view.

      • 01/11/19 - The Road Takes Shape at Ashtree Apartments
      • 18/10/19 - Ashtree Apartments Construction Update October 2019

        Photos enclosed showing construction at Ashtree Apartments as of October 2019

      • 06/09/19 - Ashtree Apartments Construction Update September 2019

        Photos enclosed showing construction at Ashtree Apartments as of September 2019

      • 22/07/19 - Ashtree Apartments Development Update

        Image of brickwork complete on the exterior of the building, with scaffolding surrounding the structure.
        Construction – Ashfield Apartments development

        What is the Ashtree Apartments Development?

        The development represents a stunning collection of 15 residential new-build apartments on the cusp of the Leeds city centre. Ashtree Apartments is situated off the main York Road, near the A64 corridor on the Eastern edge of Leeds. This means that all attractions and amenities the city has to offer is just a short walk away. Ashtree Apartments also benefits from being close to recreational and suburban parks. As the development consists of just 15 units the build time we originally forecasted 12 months of construction.

        How is the development progressing?

        We are pleased to report that the scheme is on course for completion by the end of  2019 Much of the exterior walls have been constructed, the windows now fitted and secured. The jewel of the development, the penthouse is also progressing very nicely. The Penthouse will require further construction works, as will much of the upper structure during the next couple of months.

        The scheme is available to investors and those seeking support through the ‘Help to buy’ scheme.

         

        The penthouse for Ashtree Apartment under construction, with windows installed.
        The Penthouse is still under construction.

        Help To Buy in Leeds
        Ashtree Apartments is registered with the Help to Buy scheme and is one of just a few developments in Leeds available on Help To Buy.

        The Help To Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home. This means you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. You won’t be charged loan fees on the 20% loan for the first five years of owning your home. For example, if a home sold for £210,000, you’d get £168,000 (80%, from your mortgage and the cash deposit). This means you’d pay back £42,000 on the loan (20%).

        However, You would need to pay off your mortgage with your share of the money. It makes a great investment as it offers high yields due to low service charge.

        Service charges

        The service charges at Ashtree Apartments are incredibly low. We have worked with this developer before on a new-build project of x6 units in Leeds City Centre.

        As a result we consulted on Ashtree Apartments from a very early stage. We informed our investor of what is important to our investors and as a result the service charge is just £0.69 a sqft. There isn’t a spa, cinema room, or any other amenity which wouldn’t be beneficial in a 15 unit scheme. It’s only 3 floors (ground, first and second) so there isn’t a lift either.

        Since there’s very little upkeep required the service charge is absolutely tiny which means your returns won’t get eaten up by additional costs. Also, your NET yield is going to be much higher than other investments available where the SC is £2 – £3 a sq ft. Keeping your consumable cost slow are one of our top tips when it comes to investing in property. If you’re wondering why investors are flocking to Leeds.

        Viewings

        With the build nearly complete there is plenty to see at the development. Register your interest to arrange a viewing.

        Image of the exterior Windows of the penthouse under construction, Ashtree Apartments
        A view from outside the penthouse.

        So, why Invest In Leeds?

        Leeds City Centre investments offer some of the highest yields available in the UK. Not only that, but the Leeds economy is extremely diverse, robust and worth £18 billion, a growth rate of almost 40% in the last decade. Leeds has a vibrant cultural, excellent connectivity, outstanding value and a world leading approach in emerging and high growth sectors, To put it simply, Leeds is a compelling proposition for stable, long-term growth and North Property Group offer a diverse range of investments across the Leeds region.

        Growth due to redevelopment

        It has been estimated that the north, particularly Leeds, will begin to see some of the UK’s highest average price growth increases within the coming decade. The city of Leeds has experienced capital appreciation over the years. It has experienced a solid 4 % growth from prior periods. Leeds also has new property development projects within the City Centre, extremely strong business hubs, brand new tech start-ups and other opportunities.

        Leeds also has property in well sought-after postal codes that make it an ideal area for growth. LS1 and LS11 are great areas for businesses and employment, particularly for city employees. The huge Southbank regeneration is leading the way for growth on the south side of the Leeds river. We explored and reported on the Southbank redevelopment last year, which you can read here.

        Despite the fact that other areas within the UK appear to be economically unstable, the city of Leeds is still exceptionally promising. There have also been investments made into revitalising the City Centre, all of which make investing in properties much more attractive for investors across multiple spectrums.

      • 27/04/19 - Ashtree Apartments Penthouses Taking Shape

        Penthouses taking shape

        The penthouse units with large terraces at Ashtree Apartments are beginning to take shape and represent a fantastic Leeds buy to let. The two penthouses have large private terraces at the back of the development which overlook the communal grounds and represent a very unique property investment opportunity.

        Leeds Buy to Lets

        Property investment in Leeds often offers some of the highest rental returns available in the UK. Leeds has a vibrant cultural, excellent connectivity, outstanding value and a world leading approach in emerging and high growth sectors. Not only that, but the Leeds economy is extremely diverse, robust and worth £18 billion, a growth rate of almost 40% in the last decade and it’s no wonder that Leeds is one of the most popular cities for property investment. To put it simply, Leeds is a compelling proposition for stable, long-term growth and North Property Group offer a diverse range of investments across the Leeds region.

        Ashtree Apartments

        A stunning collection of 15 residential new-build apartments on the cusp of the city centre. Ashtree Apartments is situated off the main York Road, the development lies on the A64 corridor on the Eastern edge of the city centre and represents a fantastic Leeds buy to let. This convenient location on the edge of the vibrant city means that all attractions and amenities the city has to offer is just a short walk away.

        As the development consists of just 15 units the build time was forecasted at 12 months and the scheme is on track to complete at the end of 2019.

        There is a lot of good quality residential housing surrounding the site and the developer is also building some semi detached houses at the back of the apartments, thus giving the back aspect a very nice view over the communal grounds and council owned park. There is a lot of owner occupier demand for property in this area as it’s a very suburban location with good schools, transport links and amenity all within a close reach – all of which will ensure constant rental demand and aid capital growth in the future.

        1. Wykebeck Primary (good OFSTED report) 0.5 mile
        2. Schools Victoria Primary Academy (good OFSTED report) 0.6 mile
        3. Co-operative Academy of Leeds 0.7 mile
        4. Leeds Train Station 2.4 miles
      • 01/03/19 - Ashtree Apartments Property Investment in Leeds

        Ashtree Apartments

        A stunning collection of 15 residential new-build apartments on the cusp of the city centre. Ashtree Apartments is situated off the main York Road, the development lies on the A64 corridor on the Eastern edge of the city centre and represents a fantastic property investment in Leeds. This convenient location on the edge of the vibrant city means that all attractions and amenities the city has to offer is just a short walk away. Ashtree Apartments also benefits from being close to recreational and suburban parks.

        As the development consists of just 15 units the build time was forecasted at 12 months and the scheme is on track to complete at the end of 2019.

        Construction begins

        It’s clear to see that the construction of Ashtree Apartments is taking shape and the developer informs us that he is on track for completion in Q4 2019.

        Property investment in Leeds is booming

        Leeds City Centre buy to lets offer some of the highest rental returns available in the UK. Not only that, but the Leeds economy is extremely diverse, robust and worth £18 billion, a growth rate of almost 40% in the last decade and it’s no wonder that Leeds is one of the most popular cities for property investment. Leeds has a vibrant cultural, excellent connectivity, outstanding value and a world leading approach in emerging and high growth sectors, To put it simply, Leeds is a compelling proposition for stable, long-term growth and North Property Group offer a diverse range of investments across the Leeds region.

        High rental returns

        Ashtree Apartments currently represents the safest and most interesting property investments in Leeds. Each apartment comes with an allocated parking bay which is great because this development is going to appeal to tenants who have a car, those who want to be within a 8 minute commute to the city centre, and don’t want to pay the high prices that the city demands (in the centre if you need a parking space it will cost you £125pcm – £150pcm for a parking bay alone. Combine that with an average rent of £900pcm for a 2 bed and you’re looking at £1050 for a 2 bed with parking). At Ashtree, you’ll be able to rent a 2 bed with parking for £725pcm which will really appeal to a large audience of tenants. It’s clear to see these rents are easily achievable.

        The project offers an exciting opportunity to secure a brand new apartment in an emerging location with net yields up to 6.63%. The rental demand in Leeds City Centre has been incredibly buoyant for years and shows no signs of slowing down.

        Growth due to redevelopment

        It has been estimated that the north, particularly Leeds, will begin to see some of the UK’s highest average price growth increases within the coming decade.

        The city of Leeds has experienced capital appreciation over the years. It has experienced a solid 4 % growth from prior periods. Leeds also has new property development projects within the City Centre, extremely strong business hubs, brand new tech start-ups and other opportunities.

        Leeds also has property in well sought-after postal codes that make it an ideal area for growth. LS1 and LS11 are great areas for businesses and employment, particularly for city employees. The huge Southbank regeneration is leading the way for growth on the south side of the Leeds river. We explored and reported on the Southbank redevelopment last year, which you can read here.

        Despite the fact that other areas within the UK appear to be economically unstable, the city of Leeds is still exceptionally promising.  There have also been investments made into revitalising the City Centre, all of which make investing in properties much more attractive for investors across multiple spectrums.

        Want to know more about Ashtree Apartments

        If you are looking for a property investment in Leeds and would like to know more about Ashtree Apartments, register your interest on our listing.

        Download Update

    • Property Description

      Ashtree Apartments Development Update

      A stunning collection of 15 residential new-build apartments on the cusp of the city centre. Ashtree Apartments is situated off the main York Road, the development lies on the A64 corridor on the Eastern edge of Leeds. This convenient location on the edge of the vibrant city means that all attractions and amenities the city has to offer is just a short walk away. Ashtree Apartments also benefits from being close to recreational and suburban parks.

      As the development consists of just 15 units the build time was forecasted at 12 months and the scheme is on track to complete at the end of 2019.

      Construction well underway

      Ashtree Apartments is expected to complete in Q4 2019 and the development is well underway. Construction photos of this intriguing Leeds development are regularly added to this page.

      Help To Buy in Leeds

      Ashtree Apartments is registered with the Help to Buy scheme and is one of just a few developments in Leeds available on Help To Buy.

      The Help To Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

      You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

      For example, if a home sold for £210,000, you’d get £168,000 (80%, from your mortgage and the cash deposit) and you’d pay back £42,000 on the loan (20%). You’d need to pay off your mortgage with your share of the money.

      It makes a great investment as it offers high yields due to low service charge

      The service charges at Ashtree Apartments are incredibly low. We have worked with this developer before on a new-build project of x6 units in Leeds City Centre and as a result we consulted on Ashtree Apartments from a very early stage. We informed our investor of what is important to our investors and as a result the service charge is just £0.69 a sqft. There isn't a spa, cinema room, or any other amenity which wouldn't be beneficial in a 15 unit scheme. It's only 3 floors (ground, first and second) so there isn't a lift either - since there's very little upkeep required the service charge is absolutely tiny which means your returns won't get eaten up by additional costs and your NET yield is going to be much higher than other investments available where the SC is £2 - £3 a sqft. Keeping your consumable cost slow are one of our top tips when it comes to investing in property. If you're wondering why investors are flocking to Leeds, read our article.

      Viewings

      With the build nearly complete there is plenty to see at the development. Register your interest to arrange a viewing.

      Why Invest In Leeds?

      Leeds City Centre investments offer some of the highest yields available in the UK.  Not only that, but the Leeds economy is extremely diverse, robust and worth £18 billion, a growth rate of almost 40% in the last decade. Leeds has a vibrant cultural, excellent connectivity, outstanding value and a world leading approach in emerging and high growth sectors, To put it simply, Leeds is a compelling proposition for stable, long-term growth and North Property Group offer a diverse range of investments across the Leeds region.

      Growth due to redevelopment

      It has been estimated that the north, particularly Leeds, will begin to see some of the UK’s highest average price growth increases within the coming decade.

      The city of Leeds has experienced capital appreciation over the years. It has experienced a solid 4 % growth from prior periods. Leeds also has new property development projects within the City Centre, extremely strong business hubs, brand new tech start-ups and other opportunities.

      Leeds also has property in well sought-after postal codes that make it an ideal area for growth. LS1 and LS11 are great areas for businesses and employment, particularly for city employees. The huge Southbank regeneration is leading the way for growth on the south side of the Leeds river. We explored and reported on the Southbank redevelopment last year, which you can read here.

      Despite the fact that other areas within the UK appear to be economically unstable, the city of Leeds is still exceptionally promising.  There have also been investments made into revitalising the City Centre, all of which make investing in properties much more attractive for investors across multiple spectrums.

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