We are delighted to bring our investors this fabulous 'Off-Plan' opportunity to purchase spacious 2 bed, 2 bath, 3 storey townhouses within the Identity development, in the lovely Leeds suburb of Seacroft. Available for only £170,000, these properties are targeted to be build complete September / October 2023.
Seacroft is just 4 miles from Leeds city centre and conveniently situated near great motorway links, with ample amenities close by.
The Livorno 2 bed, 2 bath, 3 storey townhouses will once again be popular with our investors. Properties will be built to a high specification and include turf and railing, and allocated parking.
Rental demand for the Livorno in this area of Leeds has been high, with tenants in situ soon after completion. Rental amounts currently being achieved are £800 - £850. With rental demand so high in the area, the letting agent is confident that by 2023 these properties should comfortably achieve £850 - £900pcm, giving gross yields of up to 6.4%.
Based on £900pcm these properties have the potential to generate a monthly surplus income of up to £403.55, equating to a return on deposit funds invested of up to 11.4%;
Leef Properties have been thoroughly impressed with Strata’s nearby development, Ambition. Leef state that as expected from a National Developer, the properties are finished to a high standard. The location is excellent, close to Leeds city centre, St James Hospital and major motorway links, appealing to both families and professionals. As such, Leef are confident of their rentability.
Reasons to Invest
- Built by National Developer, Strata Homes;
- Proven successful location and house type – The Livorno;
- £25,000 discount off list price;
- High rental demand area, just 4 miles from Leeds city centre;
- According to Hometrack’s latest report (June 2022), Leeds has experienced growth of 9.7% in the past 12 months;
- Predicted rental yields of up to 6.4%;
- 10 Year LABC Warranty & 2 Year defects cover;
- Potential to generate a monthly surplus income of up to £403.55, equating to a return on deposit funds invested of up to 11.4%;
- Each property comes with allocated parking for 1 vehicle;
- Turf and railing are included, along with allocated parking;
- Close to The University of Leeds (5 miles), and close to St James University Hospital (3.7 miles);
- Great access to major Motorways, including the M1, A1(M), M62 and M621.
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