5 Reasons to Invest in Leeds V2 Mansions

September 13, 2020

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Article Summary

Leeds
  • With apartments starting at just £145,000 – far below the Leeds average of £225,000 – V2 Mansions is one of the most affordable investment properties in Leeds.

  • V2 Mansions is strategically located in the sought-after Leeds district of Chapel Allerton.

  • Thanks to its excellent location and quality apartments, tenant demand at V2 Mansions is expected to be one of the highest of all Leeds investment properties.

V2 Mansions is one of the most exciting new investment properties in Leeds. Here are five reasons to seriously consider it as your next investment opportunity.

 

1. Its affordable starting prices mean higher returns

With apartments starting at just £145,000 – far below the Leeds average of £225,000 – V2 Mansions is one of the most affordable investment properties in Leeds. The ground rent and service charge are also low, at just 0.1% and £0.83/sq ft respectively.

At such affordable prices, an investment into V2 Mansions can almost guaranteed excellent returns. Gross yields expected to reach 6.2%, with monthly rents of up to £760 for a one-bedroom apartment and £860 for a two-bedroom. This is much higher than the UK average yields of 3.53%.

The strong owner-occupier demand in the area around V2 Mansions will continue to push up local property prices, so good capital appreciation on a V2 Mansions property can also be expected.

 

2. It’s in a fantastic Leeds location

V2 Mansions is strategically located in the sought-after Leeds district of Chapel Allerton. This vibrant area is close to the city centre, local hospitals, universities and employers and really has something for everyone.

Chapel Allerton is one of the best places for a Leeds investment property. The area nicknamed ‘the Notting Hill of the North’ due to the lively mix of independent shops, restaurants and bars. It also has a thriving cultural scene, with the independent arts space Seven Arts hosting regular film, theatre, arts and dance events.

The biggest employer in the area is the NHS, who run Chapel Allerton hospital and the local surgery. Excellent transport links ensure commuters can easily reach their employers located elsewhere in Leeds.

 

3. It offers modern apartments with a historic twist

Designed by CRL Architects, the 14 apartments at V2 Mansions are finished to the highest modern standard, with well thought-out layouts and a sensible use of space. The living areas here are some of the biggest of all investment properties in Leeds, with one-bedroom units reaching a very sizeable 948 sq ft.

The V2 Mansions building itself was sympathetically converted from a historic mansion house in January 2019, and the refurbishment has retained some of the original features. This gives the apartments a unique character and charm that can’t be found in most new-build developments.

There are plenty of other amenities for residents to enjoy at V2 Mansions. From the extensive security features, to parking spaces and private outdoor areas. Therefore, investment at V2 Mansions will ensure you have happy tenants and long tenancies.

 

4. Tenant demand will be high

Thanks to its excellent location and quality apartments, tenant demand at V2 Mansions is expected to be one of the highest of all Leeds investment properties. As a result, apartments will likely be most popular with professionals and families. Who are keen to take advantage of the benefits Chapel Allerton has to offer.

This high demand has been confirmed during the past 12 months, with V2 Mansions proving itself extremely popular with renters. An investment here will benefit from very few – if any – untenanted periods at all.

 

5. You’ll have a hassle-free investment

Looking for a truly hassle-free investment? Investors into V2 Mansions can take advantage of North Property Group’s fully managed investment service. As a result, our team of property experts will do all the work for you. This includes finding tenants, assisting with any legal aspects, and solving any issues that arise. We’ll even help you sell your property at V2 Mansions when the time comes.

 

What is property investment?

Put simply, property investment is property purchased with the intention of generating financial returns for its buyer. These returns could be in the form of rental income through buy-to-let properties, house price growth through the future sale of the property or both. Property investments can be owned by individuals or organisations and can be short, long or medium term.

Get in touch

If you’re interested in buying an investment property in Leeds or investing in property anywhere else in the Leeds region and beyond, contact the experts at North Property Group to find out how.

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Phoenix

From £362,450

   Gross Yield: 7%
   In Construction
   Est. Q3 2023
   Lease Length: 250 Years

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