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1 bed Flat For Sale £144,995
North Street, Leeds LS2


Description
Centenary house

Centenary house is a mixture of new build and refurbished apartments within a stunning Grade ii-listed building. A short walk from Leeds Train Station this 2-bedroom city centre apartment is in the perfect location.

Transport hub

Offering incredible accessibility to the city's travel hubs, Centenary House is a 10 minute stroll from the bus and railway stations.

Leeds Station is looking to be transformed into a key national landmark as well as being a high speed transport interchange. The high speeds look to deduct 50 minutes from the travel time from Leeds to London bringing it to just one hour and twenty one minutes. This redevelopment looks to bring in 13,000 new jobs too.

Leeds

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 5 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.

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

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