This stunning high quality development is located adjacent to the River Aire close to the City Centre of Leeds. This former mill will be developed into a range of one, two and three bedroom apartments providing fantastic potential for investors looking for strong returns and the potential of capital appreciation over the long term.
Leeds property offers opportunities for the savvy investor, providing strong capital growth. With three major universities supporting an expanding student population, affordable house prices and high rental demand, this means Landlords, investors and developers are reaping the benefits from high yields due to strong rental income as the area booms. As the city grows in terms of both students and economically it means that many graduates are now choosing to stay in and around the city as employment opportunities increase, especially in the tech and finance sectors. Attracting more inward investment than any other UK region and boasting some of the most valued aspects of the capital, without the associated living costs, Leeds is fast becoming the hotspot to watch. The city is officially the UK’s second largest economy and second largest financial centre after London.
Leeds sits at the heart of a wider city region with an economy worth over £62.5 billion per annum and the city’s economy has grown almost 40% over the last decade. Since 2011, employment has risen by 11,000 and Leeds now has the highest ratio of private to public sector jobs, of all major cities outside London.
Investors now see Leeds as a safer bet than London with more opportunity for capital growth. JLL anticipates that house prices in Leeds will grow 19.9% and rents will grow 18.8% by 2022 as the city makes up part of The Northern Powerhouse Growth Area. There is £350million regeneration of the city’s South Bank area. Leeds: City Centre – One of the Best Places to Live in the UK 2019 – Sunday Times
Leeds will continue to be one of the strongest buy-to-let markets in the country.
*Annual Rental income can vary, please speak to your consultant about the potential of the unit you are interested in, Residential Estates would also suggest you carry out your own due diligence in the local market at the time of purchase
**The provision of lender finance for your purchase isdependant upon individual circumstances and cannot be guaranteed. We advise youto obtain independent financial advice before entering into an agreement uponwhich you will be relying upon lender finance. Any decision to proceed withlender finance is your decision only. If lender finance cannot be obtained you will be required to complete on your purchase in any event. Residential Estates are not regulated by the FSA, nor are they a finance company and cannot be held liable for any purchaser being unable to obtain mortgage monies for their purchase.
|Fully Fitted Kitchens|
|Easy Access to City Centre|
|Sympathetic Conversion of a Former Mill|