Leeds
From £127,000
Gross Yield: 8%
Completed
Lease Length: 250 Years
The economy of Leeds has seen remarkable growth of 6% over that last five years. Whilst analysts expect that to accelerate by 8.8% over the next five years. With a working age population that stands at 140,000 just in the city centre. So it is no surprise that employment growth is also positive; with a forecast increase of 3.4% over 5 years.
Centenary house is a mixture of new build and refurbished apartments within a stunning Grade II-listed building (due to complete in 2019). A short walk from Leeds Train Station these studio, 1, and 2 bedroom city centre apartments are in the perfect location. Comprising of 80 high-spec apartments and prices starting from just £127,000, Centenary house is already set to be in high demand. The icing on the cake is the fantastic payment plan; 15% on exchange of contracts and 85% paid on completion. This is also with the potential to LTV mortgage up to 75% subject to criteria.
The excellent location of Centenary House will ensure that it will remain tenanted for years to come. With an expected rental income of up to 7.84%.
The Northern Quarter has undergone a huge transformation in recent years, creating some fantastic Leeds property investments in the district. But it’s not over yet. At the start of 2020 planning permission was granted for a £62 million project at the Northern Civic Quarter to transform the local area.
As well as significant improvements of public space, the former Leeds Council buildings will be redeveloped. A new 54,000 sq ft of office space will be created through the transformation of the Leonardo and Thoresby buildings, which were previously a Victorian school and printworks.
Another school – the Leeds Central High School building – will be revamped into a 173-bed luxury hotel. Newly built next-door and offering 166 rooms and public space will be another hotel.
Take a look below to see the best units currently available in the stunning development.
Sold Out
1 Bed Apartment
20% Deposit
£149,000
Sold Out
Studio Apartment
20% Deposit
£127,000
Sold Out
2 Bed Apartment
20% Deposit
£211,000
Why Invest Today
Leeds’ property prices have shown stable growth over the past 17 years. Furthermore, experts forecast that the annual price growth in Leeds will surpass the growth in Manchester, Liverpool and Birmingham by 2020. Expected to grow by 21.6% by 2021 are house prices in Leeds.
There is also a good mix of apartments throughout the scheme creating a sustainable Build to Rent environment. The specification will be of high standard; adopted for the Build to Rent market and designed to be durable for a long term hold.
Block A comprises of 33 apartments and is due for completion in July 2018.
While block B will comprises of 59 apartments and is due for completion in September 2018.
North Property Group is a member of The Property Ombudsman
