15:54 PM, 22nd June 2018, About 5 years ago
On a purchase price of £100,245, a deposit of £25,061 is required based on a 75% mortgage. This translates into a return of £353 per month after mortgage costs, which translates into a fabulous gross return on deposit monies of 16.9%.
These stunning 2 bed apartments will be finished to a high specification and come complete with quality flooring throughout, comprising of engineered wood flooring in the kitchen and living room, fitted carpets in the bedrooms and fully tiled bathrooms. Kitchens will have modern, high-gloss grey units and come complete with an integrated fridge-freezer and washer-dryer. An oven, hob and extractor are provided as standard.
Built within an established and desirable residential area in a quiet setting, complete with its own village green. Cross Gates train station is just over a mile away, with regular services taking just nine minutes into the city centre; perfect for professional tenants looking for fantastic commuter access, but within a quieter setting than the city offers. 21% of the population of Leeds are private renters and with one of the fastest growing private sector job markets in the UK, demand for new stock is at an all-time high.
If you would like further information on these properties please contact the PIP team using the form below and we will be delighted to help.
Leeds is a modern city with a rich industrial past. The city centre is compact and accessible, offering culture at its best, with the world class Opera North, the Northern Ballet, flagship art galleries and National museums, including the Royal Armories. The vibrant city centre is famous for an eclectic and fast-growing independent food and drink culture. The city also boasts an exciting venue portfolio, from world-class academic Universities, historic civic venues such as Leeds Town Hall and unique experiences such as at Headingley Rugby and Cricket Stadium.
Leeds shopping scene has been dominated by its fantastic and historic arcades for over a century. The most famous arcade is the Victoria Quarter, offering shoppers a different kind of experience. Alongside the wonderful Harvey Nichols, the likes of Reiss, Paul Smith, Louis Vuitton, Vivienne Westwood, Mulberry, Michael Kors, and Radley have become huge pulls for the city’s shoppers.
A true Northern Powerhouse, the Leeds city region contributes the most GVA from financial and professional services in the country outside London, with particular strengths in banking, law, insurance and financial technologies. Almost £4.5bn is generated each year, with forecasts showing substantial growth to come.
The city is one of the UK’s fastest growing cities, with its city centre and all surrounding areas boasting a £50bn plus economy and a workforce of 1.5 million. Over the next ten years, the economy is forecast to grow by 25% (Leeds City Council). The Leeds city region economy grew by 40% in the last decade despite the global recession.
According to the latest UK Cities House Price Index by Hometrack, Leeds registered 6.1% year-on-year house price growth in 2017. In July 2014, UK government announced the funding of the £1bn Local Growth Deal to create tens of thousands of new jobs and accelerate economic growth across the entire city region. Over six years, the Leeds City Region will receive £573 million (the largest allocation to any region) for continued economic development.