Built by Strata Homes, these 2-bed three storey houses, were discounted to £153,000, which included quality flooring, integrated white goods, turf and fencing. As you would expect from a National Developer, the properties came with a high specification finish.
Upon completion, investors within the earlier phase were delighted to secure tenants within days and achieve rental yields of 5.8%. They are now enjoying an incredible return on deposit monies invested of up to 13.8% and a monthly surplus income of up to £440.00 pcm.
These fantastic properties have proven to be very popular with investors, and we are delighted to have secured additional off-plan properties at the neighbouring Identity development, scheduled to complete in Q3 2022.
What the letting agent had to say . . .
At Leef Property Management we always advise investors coming on board or searching for their first investment property to keep it simple. Look for good locations commutable to city centres, with good schools and hospitals nearby. Also look for property that is aesthetically pleasing, as this will always attract renters.
The Ambition development, which has rented so well this year is situated on the edge of Leeds city centre, making it appealing to young professional tenants and mature students, and also with the hospital located nearby, we really are spoilt with a fantastic tenant pool.
The site is also finished extremely well, boasting modern interiors and high specification kitchens and bathrooms, which makes them very attractive to prospective tenants.
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