Freephone: 0800 043 6956 Email: info@freshinvest.co.uk
Fresh Invest
A great location close to some major attractions in Leeds and very popular with the rental market. Very large discounts and rental yields as well! Barnaby Chamberlain Investment Advisor
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New 2 bed apartments in Leeds
AT A GLANCE
- 7 x 2 bed apartments
- Build completion March
- Up to 36% discount from current marketing prices
- Marketing prices from £107,950
- Fresh Invest prices from £70,000!
- Strong local rental market
- proven rental demand on site
- High yields of circa 9%
- New build development with 10 year NHBC warranty
- Close to major employers in the local area
In detail
Fresh Invest are happy to present this fantastic opportunity in Leeds. We have negotiated varying discounts on this new build site of up to 36% from the developer’s marketing prices. With purchasing prices for 2 bed apartments from £70,000 these apartments show a great chance to purchase at very low prices in a beautiful development in Leeds.
Through conversations with local letting agents we feel that rental yields of around 9% should be well within reach on this development. According to local letting agents this development is very popular with the local rental market due to its locality and stylish design in beautiful grounds. Completion of the apartments is due for March 2012 and all apartments will benefit from a full 10 year NHBC warranty upon completion, offering the purchaser additional peace of mind.
Financial example:
2 bed apartment at 540sqft - £70,000
- Deposit needed – £21,000
- Rent – £575pcm
- Mortgage – £49,000
- Mortgage repayments – £154.75pcm
- Mortgage – Northern Rock 70% LTV fixed at 3.79%
- Ground Rent – £14.58pcm
- Service Charge – £70pcm
- Positive cash flow - £335.67pcm (£4,028.04 per year cash flow positive)
The development is set in and within the grounds of a historic grade II listed property. The property’s previous use was as a fabric mill. The development includes some new build and some refurbished apartments. The development overlooks the old mill pond with landscaped gardens and a bistro planned for the site as well. Apartments will be complete to a good specification as to be expected by a developer of this stature including oven and hob.
The Location:
The local area around this development offers a whole host of leisure facilities as well as many employment opportunities ensuring a large professional rental market. The local village of Armley offers a good selection of shops and pubs with woodlands and a golf course within 1 mile of the development.
The University of Leeds is just over 1 mile from the site and the Leeds general Infirmary, dental hospital and city centre are just 2 miles from the site, with all of this within just 2 miles and great communication links to many other cities it is no wonder this development is so popular with renters.
The next step:
For more information on this investment opportunity, please use the request information tab at the top of the page, we will send through the brochure outlining the opportunity in full.
Once you have decided upon your chosen unit(s) please contact us and we will run you through the quick and easy reservation process.