Our Investments
Kirkstall
Location
Leeds
Price
Prices From £76,496
Return %
Circa 7% NET
Feature
100% tenanted for the last two years
Description
Property and Invest are proud to present our latest exciting student development, located in Kirkstall, North Leeds, offering fantastic proximity to the student community and city centre.
Converted from a Grade II listed historic former mill and more recently home to a design academy, the development offers 27 luxury apartments including 2 bedroom, 1 bedroom and self-contained studio apartments of which there are a limited number of deluxe mezzanine studios. All apartments have been designed to maximise space and are fitted out to an excellent specification. The interiors represent the latest in design and functionality.
Strong tenant demand in the area is driven by the burgeoning local student population coupled with a historical under-supply of suitable accommodation. Competitive pricing and strong rental values deliver net yields of 7% and above. The property itself has a strong track record with two years history of being 100% tenanted.
According to respected property analysts Savills, "Leeds will have the 7th fastest growing resident population in the UK up to 2020, with Birmingham and Manchester ranking 34th and 38th respectively." Prices start at just £77,000 for a self-contained, fully furnished studio apartment.
Specifications
- 7% NET rental yield for investors
- Great location in easy reach of amenities
- Full refurbishment in time for the 18/19 academic year
- Parking, CCTV and full furniture available
- Studio, 1 bed, 2 bed and duplex apartments from £76,496
- No second home stamp Duty!
- Grade II listed building
- Former Mill Conversion