1 bed Flat (for sale) Elmwood Lane, Leeds LS2

£1,475,000
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Parklane
12 Swinegate, Leeds
0113 427 8992
First Published

13th Jul 2017

Last Published

6th Nov 2018

 

Features

  • Type: Flat
  • Bedrooms: 1
  • Listing status: sale
  • Country: England

Description

**********exciting investment opportunity ********** to purchase a portfolio of 11 units in aspect 14. The portfolio consists of 6, one bedroom, one bathroom and 5, two bedroom, two bathroom apartments. A large amount of investment, rejuvenation and growth has seen Leeds brought to life with exciting new shopping centres, historical Victorian arcades, pedestrianised high streets, various exciting eateries and a lively night scene which continues to grow making Leeds a sound investment and fabulous place to live. Aspect 14 has all that Leeds City Centre has to offer on its doorstep appealing to both students and professionals alike. It is a purpose built secure, residential gated development with caretaker service, fob entry system and lift access to apartments. Minimum Gross Yields of 6.0%. Epc's available on file. For further information on this increasingly popular development contact Parklane on !

Tenure - Leasehold 999 years from 1st January 2003
Service Charge - £875.00 per annum average cost. Cost does vary.
Ground Rent - £150.00 per annum

There are a variety of apartments available within the portfolio ranging from 497 square foot to 766 square foot with gross yields up to 8.1%. The Leeds City Centre rentals market is soaring with a steady increase in rental prices. All the apartments are currently tenanted with rent increases forecast for some apartments on re-let. Aspect 14 is an extremely popular development due to its locality and we have many enquiries requesting only this development therefore a great investment with minimal void periods. Contact Parklane for further information.

 

Local info for LS2

Floor plan

 

Property Value Data/Graphs for LS2

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 83.5% £147,537 1.5 1.3
Studio 14.3% £130,692 0 1
Terraced house 1.1% £162,500 3 0.5
End terrace house 0.5% £180,000 3 1
Other 0.5% £70,000 1 1

Area Information

Average Price Paid

£108,663

Sales

548

Current Average Value

£145,048

Value Change

£36,385 33.5%

 

Current Asking Prices in LS2 Average: £145,048

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £145,750 (2) £140,000 (1) £180,000 (1) £185,000 (1) -
Flats £123,032 (92) £174,925 (44) £210,000 (13) £226,667 (3) -
All £123,515 (94) £174,149 (45) £207,857 (14) £216,250 (4) -

Nearby Properties

1 bed Flat () Parklands Manor, Tuke Grove, Wakefield WF1 £105,000
4 bed Semi-detached house () Riverside Villas, Wakefield WF2 £160,000
2 bed Semi-detached house () Mayo Drive, Bradford BD5 £120,000
3 bed Terraced house () Moorside Road, Bradford BD2 £90,000
3 bed End terrace house () Granton Street, Bradford BD3 £39,950
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