The Preston, Leeds

 

The Preston is an exclusive opportunity in a charming stone-built industrial building being converted into one of Leeds’ newest residential developments.

 

Price from £95,000

Request more Information

Would you like to receive updates from Carrick Property by email? Take a look at our Privacy Policy for your peace of mind.


YesNo

6% Rental yield

Ranging from
£95,000 to £162,000

1, 2 bedroom units

Completion Date:
Jan 2021

The Preston, Leeds

The Preston is an exclusive opportunity in a charming stone-built industrial building being converted into one of Leeds’ newest residential developments. Located on the outskirts of the city centre, it is perfectly located to take advantage of the employment and education hubs in the city whilst enjoying a quieter setting overlooking the impressive Leeds Viaduct.

Unlocking the full potential of city living

  • One and two-bedroom units
  • Prices between £95,000 and £162,000.
  • Projected average gross rental yields: 7%.
  • Finance available up to 60% at rates of circa 3.5-4.0%.
  • Estimated completion date: January 2021.
  • Location – 4-minute drive to the city centre, 18-minute drive to Leeds Bradford Airport, 4-minute drive or 18-minute walk to Leeds University & a mile away from the famous Yorkshire and Test Cricket Ground – Headingley.”

The Preston Details

Location Leeds, England
Price Range £95,000 – £162,000
Units

1, 2 bedroom apartments

Rental Yield 6%
Project Status Completion Date: January 2021

818,085

Neighbourhood Population

6.1%

Neighbourhood job growth rate per year

32,000

Businesses in Neighbourhood

About Leeds

As the second-fastest growing UK economy after London and a population growing 7 times faster than the Capital, Leeds is an exciting, creative and livable city. New investment and infrastructure projects, as well as high-quality living, continue to attract a range of talent and young professionals, delivering robust demand for rental accommodation. At the same time, the city has a heritage as one of the UK’s most dynamic student hubs, furthering its appeal as a rental investment opportunity.

Thanks to strong investment and economic fundamentals, Leeds consistently ranks as one of the cities with the highest rental growth, forecast at 16% (2019-2023). Not only are housing prices 212% lower in Leeds than in London, but an undersupply of rental accommodation by around 50% means high and consistent demand and a current vacancy rate of a mere 2%.

Request more Information

Would you like to receive updates from Carrick Property by email? Take a look at our Privacy Policy for your peace of mind.


YesNo