Article Summary

New plans have been put forward for a brand new regeneration scheme in the centre of Leeds. If approved this development will create hundreds for properties for sale in Leeds – a market currently experiencing the highest demand for housing in almost a decade.

A new mixed-use neighbourhood in Leeds city centre

Named Latitude Blue, the development will create 488 new apartments in Leeds city centre, likely generating many new buy to let properties available for sale in Leeds.

The building will be located on the second of two brownfield sites. The first is occupied by the sister development, Latitude Purple, for which building work started earlier this year. Once built, Latitude Purple will bring 463 much-needed properties for sale to the Leeds market.

Following completion, both Latitude Blue and Latitude Purple will form the centre of an emerging mixed-use neighbourhood on Leeds’ Whitehall Road. This will comprise two residential buildings reaching 26 and 31 storeys with ground floor space for amenities and community facilities such as cafes and workspaces.

A transformational project

The Latitude Blue site is behind No.1 Leeds and is close to Wellington Place, which is home to many large Leeds employers. The location is a great place for a Leeds investment, as it will be in high demand from the large numbers of professionals working at Wellington Place and elsewhere in the city centre.

Other plans for the area include landscaping to accentuate the new nearby public park, comprising the canal frontage and listed viaduct.

Victoria Manston, senior development manager at the project’s developers HUB, said, “HUB has an outstanding track record of delivering beautifully-designed homes that transform neighbourhoods, and we are hugely excited to bring our experience to another of the UK’s ‘lifestyle cities’.”

Attractive homes and community spaces

Both Latitude Blue and Latitude Purple are a joint venture by developers HUB and investment company Bridges Fund Management, who are helping to fund this Leeds investment project. Also working on Latitude Blue is architects Carey Jones Chapman Tolcher (CJCT).

Simon Ringer, partner at Bridges Fund Management, said, “We’re excited to bring forward this new scheme. We believe it will complement our existing development and magnify the positive impact for the local community around Whitehall Road, by creating more sustainable lower-cost homes and attractive community spaces.”

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.