Latest Valuation
£170,000
ROCE
19.33%
Location
Leeds

Off-Market BTL – Highly Desirable Area

Buy the property, cash and benefit from the instant income. Yielding and cash flowing from day 1. Walking distance to local amenities.
Guide Price
£165,000

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Key Features

  • Off-market - tenanted BTL
  • Immediate cash flow
  • Leeds city centre

The Property

2 double bedroom, 2 bathroom, all-electric modern apartment within walking distance of LGI, St.James's Hospital, universities, bus & train stations, theatres, restaurants & shopping.

Purchase Price: £140,000

Tenanted at £795pcm

Gross yield: 5.78%

ROCE: 19.33% (based on all the upfront costs of £49,350 in deposit of 25%, SDLT, sourcing fee, sols and insurance and annual rental income of £9,540)

Discounted sourcing fee of only £2500

An ideal addition to any buy to let portfolio, High yielding and cash flowing from day one with great prospects for future capital growth.

According to the Ernst & Young annual Attractiveness Survey, the Leeds City Region is one of the UK’s leading foreign and direct investment locations. The regeneration of Leeds in recent years has seen a number of investment projects get underway with many more in the pipeline.

Selling office: Sourced Rochdale

Planning Information

N/A

The Plan

Purchase the property to benefit from immediate cash flow and anticipated long term capital appreciation.

The Location

Ahlux Court is a 2006 new-build development, located on Millwright Street - just behind Regent Street. It is a small development, only 44 apartments. Walking distance to Eastgate, the forth coming Victoria Gate, John Lewis and amenities including supermarket, gyms etc.

The Leeds Southbank project will double the size of Leeds City Centre, creating a global destination for investment, living, learning and leisure. As one of the largest city-centre regeneration initiatives in Europe, the project will transform an area equivalent to 350 football pitches and generate over 35,000 jobs and 8,000 homes.

Leeds Southbank is also the location of the £100 billion HS2 high-speed rail link between Leeds, Birmingham and London. The project will cut the Leeds to London journey time to just 82 minutes, and improve regional and city connections.

Not only is HS2 an engine of economic growth worth over £25 billion in opportunities for businesses in construction, training and infrastructure support services, over £500 million of investment has been attracted to Leeds since the project was announced. HS2 is forecast to deliver 19,700 new jobs and create a single economic corridor that will boost the Leeds City Region economy by £7.8 billion a year.

Other large-scale investment projects in Leeds include two hospitals set to transform healthcare in the city over the next decade, and a state-of-the-art £150 million terminal building at Leeds Bradford Airport that will increase passenger numbers from 4 to 7 million. The landmark SOYO project is a £300 million mixed-use development that coincides with the recent developments of Leeds Playhouse and the new Leeds City College campus.

Regeneration projects signal future growth, act as a catalyst for the city’s economy and hint to property appreciation in coming years. With many landmark projects set to get underway, now is the time to invest in property in Leeds.

Source: https://www.westyorks-ca.gov.uk/all-news-and-blogs/leeds-city-region-remains-one-of-leading-uk-locations-for-foreign-investment/

Average estimated value for a house in LS2 7QQ

£130,500

Sales of flats around LS2 7QQ had an overall average price of £130,526 over the last year.

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