3 bed Flat (for sale) Brussels Street, Leeds LS9

£335,000
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North Property Group Ltd
One Brewery Wharf, Waterloo Street, Leeds
0113 482 9929
First Published

7th Oct 2020

Last Published

7th Oct 2020

 

Features

  • Type: Flat
  • Bedrooms: 3
  • Listing status: sale
  • Country: England

Description

Overview This is a fantastic development; situated just a stone's throw from soyo and only a few minutes from Leeds City Bus Station, we can already tell there will be huge tenant demand from young professionals wanting easy access to transport links and Leeds's top employers.

The development boasts an incredible specification and on-site amenities such as a concierge service and gymnasium. Three-bedroom apartments start from £335,000, with an estimated rental value of up to £2,250pcm.

Tenant demographic Due to the strategic positioning of the development, it is expected to appeal to a mixed demographic of tenants which gives the investment a large amount of dynamism and durability. Investors can rest assured there will be no shortfall of tenant demand.

Young professionals As the project is located just a short commute from the financial district, soyo, bbc Yorkshire, Victoria Gate, Trinity Shopping Centre, The Headrow and the lgi, the development will appeal to a variety of professionals working across a number of different sectors.

Students Situated just eight minutes away from the universities, the development will appeal to students looking for high-quality living. The development is expected to appeal to international students on scholarships from their embassy, students studying at Masters and phd level, and student nurses – particularly due to the high level of amenity which international students desire.

Economy A combination of regeneration, public investment and outstanding education facilities has seen Leeds become the uk's fastest growing city with a £60bn economy. Now home to a population of more than 800,000, the former wool trading town is the largest economic centre in the UK after London.

Over the next decade, the economy is expected to grow by 21 per cent, with the financial services sector accounting for over half the increase.

Burberry has made a commitment to build a new £50million factory in Leeds South Bank and Vastint's plans for the Tetley Brewing site are prime examples of investor confidence in the city.

Leeds United have this season been promoted to the English Premier League. This is estimated to generate around £200m in investment and development.

Capital growth in leeds Leeds is now rated as the uk's top prospect for house price and rental growth in the UK, according to jll's latest forecast. The city knocks Manchester off the number one spot, a position it has held for the last four years. Jll anticipates capital values to increase by an average of 3.3 per cent a year over the next five years with rental growth forecast to increase by an average of 3.2 per cent per year over the same period.

This is well above the UK average forecasts for 2.2 per cent price growth and 2.4 per cent rental growth.

Leeds education Leeds is home to three internationally recognised universities, one of the largest further education colleges in the UK and Europe's largest teaching hospital trust.

The city is thronging with more than 60,000 students – of which only 12,600 students are housed by their respective universities, with the rest relying on the private sector for accommodation.

With almost two in five graduates choosing to stay in the city after studying, there is an unprecedented demand for rental accommodation, particularly among young professionals.

Stem (Science, Technology, Engineering and Maths) graduates in Leeds – which are highly sought-after by employers – outnumber those in both Manchester and Birmingham.

Leeds City College, which had a £57m injected into its campus, is revolutionising the city's digital, creative arts and health sciences provision.

Leeds southbank The biggest regeneration project the city has seen in more than 100 years. The regeneration of the South Bank is set to elevate Leeds to a global destination for investment, living, learning creativity and leisure.

One of the most ambitious regeneration schemes in Europe, the project aims to double the size of the city centre - transforming 253 hectares of land - the size of 350 football pitches.

The mammoth project will provide over 35,000 jobs, over 8,000 homes and attract workers from across the world.

The redevelopment will include a transformation of the road network, the waterfront as well as the installation of super-fast broadband and new public spaces.

A total of £8.6m will be spent to transform road space into new green space and improved public realm.

Soyo soyo - which stands for South of York Road - will further cement Leeds' status as one of the uk's most exciting cities. Caddick Developments has poured £300m in the redevelopment of Quarry Hill - which will boast 685,000 sqft of office, leisure, residential and retail space.

The development will inject a sense of New York's East Village and San Francisco's SoMa districts by transforming the six-acre site into apartments, bars, restaurants, a boutique hotel and multi-storey car park. Work is already underway on two c-shaped 16-storey blocks - named New York Square - alongside 9,000 sq ft of co-working space.

A large public courtyard between the buildings, rooftop terraces, shared offices, health and wellbeing facilities and ground-floor shops will also be built as part of the first phase.

 

Local info for LS9

 

Property Value Data/Graphs for LS9

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 50.8% £154,816 1.7 1.1
Terraced house 25.2% £87,560 2.5 0.9
Semi-detached house 9.2% £122,682 2.6 1.2
Other 8% £115,097 2.5 1.3
Town house 2% £267,999 3.4 1.6
Land 1.2% £148,167 0 0
Studio 1.2% £96,633 0 1
End terrace house 0.8% £96,500 2 1
Bungalow 0.4% £135,000 3 1
Detached bungalow 0.4% £135,000 2 1
Retail premises 0.4% £99,995 1 1
Detached house 0.4% £186,000 4 2

Area Information

Average Price Paid

£120,485

Sales

2765

Current Average Value

£132,500

Value Change

£12,015 10%

 

Current Asking Prices in LS9 Average: £132,500

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £98,328 (3) £82,821 (55) £119,808 (51) £221,063 (8) -
Flats £115,910 (52) £176,758 (65) £214,500 (10) - -
All £114,951 (55) £133,704 (120) £135,331 (61) £221,063 (8) -

Nearby Properties

7 bed Detached house () The Manor, Manor House Lane, Alwoodley, Leeds, West Yorkshire LS17 £3,950,000
4 bed Country house () North Gate Lane, Linton LS22 £2,500,000
6 bed Detached house () Glencoates, Sandmoor Drive, Alwoodley, Leeds, West Yorkshire LS17 £2,500,000
0 bed Block of flats () Laisteridge Lane, Bradford BD5 £2,500,000
5 bed Detached house () Tarn Lane, Leeds LS17 £2,100,000
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