Following requests from clients who have been looking for off plan opportunities and the first phase of houses on this site selling out, Choices Investments have secured a number of one and two bedroom apartments due for completions from Q3 2018, 10 minutes from Leeds city centre.
Located in the area of Armley in Leeds, this development will be made up of 26 houses and 25 apartments and are being built by a well known local developer with a good track record of delivering high quality properties on time. The site is especially attractive given the developer has negotiated with Leeds City Council that they do not need to provide any social housing.
The properties are 0.5 miles from St Mary’s Hospital and would be ideal to rent to doctors or nurses – staff numbers at the hospital are around 2,500.
Choices Investments have negotiated two options for clients to purchase. Option 1 involves a 15% exchange deposit and clients will benefit from a 15% discount from current market values. Alternatively, option 2 requires a 25% deposit from clients at exchange and this option would benefit from a 20% discount from current market values. We have conservatively estimated the achievable rents based upon a large number of units coming to the market at the same time upon completion. We envisage that as the development becomes more established and after the initial rush of rental properties, that rents would rise to a level in line with the local average.
Floor plans, site plans and a full specification available upon request.
We anticipate strong demand for these properties and investors are advised to register their interest as quickly as possible.