1 bed Flat For Sale £120,000
Ingram Street, Holbeck, Leeds LS11

Manor mills

This is a spacious and well presented, open plan contemporary apartment, located on the 1st floor of a very popular development. The open plan living area offers a white high gloss kitchen, with built-in appliances, including oven, hob, fridge and mini dishwasher. The lounge/diner has large windows, which flood the room with light.

The development Manor Mills is a very popular development with city dwellers, primarily because of its easy access into and out of the city centre. It is a large and sprawling development, with most apartments having large windows, spacious interiors and balconies. Ideally positioned for easy access into and out of the city, with the main motorways to the north and south, being a short drive away.

Leeds investment case

leeds' property market jll tip Leeds for the highest price growth in the UK. Jll believe that house prices in Leeds will grow by 19.9% over the next 4 years, so now is the ideal time for making a property investment.

Furthermore, with lots of students in the city, (many of whom stay on after graduation), as well as young professionals making the most of the city's diverse economy, Leeds has a healthy rental market. The vacancy rate has nearly halved in the past decade, reaching a low level of 2.5% in 2017. Forecasts look promising with jll predicting that Leeds will have the largest increase in rents compared to Manchester and Liverpool, at 18.8% between 2018 over the next 4 years.

Economic and employment growth Leeds is a major UK business centre and one of the best places in Europe to locate a business. The city has one of the most diverse economies of all the UK's main employment centres. Furthermore, the city sits at the heart of a wider city region which has an economy worth over £64 billion per annum and a workforce of 1.4 million.

Within the next 10 years, the Leeds economy is expected to grow an extra 21%, with financial and business services set to generate over half of gva growth in that period.

Leeds is currently one of the largest hubs outside of London for financial and business services, digital, creative publishing and broadcasting. Leeds is also seeing a rise in the technology, media and telecom industry – more than any other Northern Powerhouse city. The city also has the fastest growing legal sector in the UK. Seeing a 20% increase in legal jobs in 2010-2016 versus just 5% in London.

Education Leeds is globally well-known for its education institutions, which includes four universities attended by more than 65,000 students per year. Named the UK's best student city in 2016 by The Independent; many of the universities are well established in their various fields. Leeds Beckett University, ranked 1st internationally, for technology, 2nd in the world for virtual learning and 3rd worldwide for laboratories. Also, Leeds Arts University can boast Henry Moore, Barbara Hepworth and Damien Hirst amongst its notable alumni.

Lifestyle Leeds has been named the 3rd best shopping destination in the UK. Boasting 3.5 million square feet of retail space, five miles of shopping streets and one of the country's largest pedestrianised shopping areas. This helps to attract visitors, along with how connected the city is. Leeds Bradford international airport is located just eight miles from Leeds City Centre. Furthermore, the national rail connects the city to Manchester, York, Liverpool and London King's Cross. As a result, Leeds draws more annual visitors than more traditional holiday destinations in the UK.

Regeneration and investment Leeds continues to undergo major transformations. There are many huge regeneration projects currently underway in Leeds, bringing new investment opportunities to the city.

The South Bank project will transform Leeds, doubling the size of the city centre as well as its economic impact. The development is located within the largest regeneration project Leeds has ever seen. It will turn the South Bank area into a global destination for investment, sustainable living, learning, culture, creativity and leisure. Once complete, South Bank will bring 35,000 new jobs, 8,000 homes and a new international commercial district to Leeds. Leeds South Bank is one of Europe's most exciting sustainable growth locations and will transform Leeds city centre. With the development ideally situated in the heart of South Bank, this is one of the best property investment opportunities available in Leeds.

Another significant project is soyo. Once complete, this £300 million development will be the heart of the Leeds cultural scene. This extended cultural quarter beings with it almost 150,000 sq ft of office, retail, and leisure space, as well as 700 residential units. Thanks to soyo's numerous trendy bars, restaurants and outdoor spaces, the area is likely to become one of the most desirable in Leeds.

Leeds' population Leeds is currently experiencing population growth at a rate seven times faster than London. This means that in 10 years the city is expected to have 39,000 more residents than it does today.

With a growing population comes growing demand for housing. Leeds housing supply significantly lags behind this demand. Leeds Council has stated that at least 4,375 new residences are needed per year. However, only 2,232 are currently under construction.

This creates great opportunities for property investment in Leeds. The city consistently ranks as one of the best forecast for property price and rental growth in the UK. Over the previous decade, capital growth in Leeds was 35.6%. It is forecast to be 17.1% between 2019 and 2023; the highest of any regional city in the UK.

Enquire with north property invest

the investment returns On this particular apartment, an investor could expect the property to rent for £725 pcm

This would provide a return of 7.2% - a very healthy yield for a property in the heart of a growing Northern city.

The apartment suits a buy-to-let investor looking for a hands-off investment which promises healthy, consistent, returns.