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1 bed flat for sale

£1,300,000

Elmwood Lane, Leeds LS2

1 1 1
Interested in this property? Call 0113 427 8992 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Fantastic investment
  • 10 units
  • One and two bedroom aparmtents
  • Fantastic yields
  • Walking distance to universities
  • 10 minute walk to train station
  • Minimum 6% yield

Property description

**********exciting investment opportunity ********** to purchase a portfolio of 10 units in aspect 14. The portfolio consists of 6, one bedroom, one bathroom and 4, two bedroom, two bathroom apartments. A large amount of investment, rejuvenation and growth has seen Leeds brought to life with exciting new shopping centres, historical Victorian arcades, pedestrianised high streets, various exciting eateries and a lively night scene which continues to grow making Leeds a sound investment and fabulous place to live. Aspect 14 has all that Leeds City Centre has to offer on its doorstep appealing to both students and professionals alike. It is a purpose built secure, residential gated development with caretaker service, fob entry system and lift access to apartments. Minimum Gross Yields of 6.0%. Epc's available on file. For further information on this increasingly popular development contact the office on !

Tenure - Leasehold 999 years from 1st January 2003
Service Charge - £875.00 per annum average cost. Cost does vary.
Ground Rent - £150.00 per annum

There are a variety of apartments available within the portfolio ranging from 497 square foot to 766 square foot with gross yields up to 8.1%. The Leeds City Centre rentals market is soaring with a steady increase in rental prices. All the apartments are currently tenanted with rent increases forecast for some apartments on re-let. Aspect 14 is an extremely popular development due to its locality and we have many enquiries requesting only this development therefore a great investment with minimal void periods. Contact Parklane for further information.

Property info

Floorplan(s): Aspect14-Print2.Jpg

Aspect14-Print2.Jpg View original

Market activity
Average price paid £110,227 Sales 112 Current average value £163,138 (Zoopla Zed-Index) Value change £5,821 ▲ 3.70%

Property value data/graphs for LS2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £410,090 - 5.4 -
Semi-detached £302,503 - 3.7 £141,000
Terraced £270,257 £178 4.3 £115,000
Flats £148,545 £253 1.7 £108,473

Current asking prices in LS2

Average: £134,824
Avg. current asking prices in LS2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £70,000
(1)
- - - -
Flats £106,579
(12)
£149,381
(13)
£240,000
(1)
- -
All £103,765
(13)
£149,381
(13)
£240,000
(1)
- -

Current asking rents in LS2

Average: £1,053 pcm
Avg. current asking prices in LS2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £628 pcm
(8)
£755 pcm
(10)
£1,075 pcm
(11)
£1,289 pcm
(12)
£1,888 pcm
(9)
Flats £580 pcm
(91)
£911 pcm
(93)
£1,328 pcm
(43)
£1,505 pcm
(52)
£2,158 pcm
(5)
All £584 pcm
(99)
£895 pcm
(103)
£1,276 pcm
(54)
£1,465 pcm
(64)
£1,984 pcm
(14)

Fun facts for LS2

Highest value in LS2
Highest value streets Zed-Index
Kelso Road £409,884
Blenheim Terrace £389,713
Hyde Terrace £268,762
Albion Street £259,708
Archery Terrace £241,973
Highest turnover in LS2
Highest turnover streets Turnover
Kelso Street 26.7%
Crown Street 22.6%
Langtons Wharf 20.9%
The Chandlers 20.5%
Leylands Road 18.4%

What Zoopla users think of Leeds

Overall rating:

  • currently 4 stars
Very good - 78% (387 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
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Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Leeds (0.8 miles)
  • Burley Park (1.6 miles)
  • Headingley (2.4 miles)
  • Leeds Bradford International Airport (6.5 miles)
  • Robin Hood Airport (31.7 miles)
  • Manchester International Airport (43.4 miles)
  • Hull Ferry Terminal (51.9 miles)
  • Transporter Bridge South Side (55.3 miles)
  • Transporter Bridge North Side (55.4 miles)

Nearby schools

View all schools in Leeds
  • Little London Community Primary School (0.2 miles)
  • Blenheim Primary School (0.3 miles)
  • St Peter's Church of England Primary School, Leeds (0.5 miles)
  • Leeds College of Building (0.2 miles)
  • Notre Dame Catholic Sixth Form College (0.7 miles)
  • Swarthmore Education Centre (0.7 miles)
  • The Co-operative Academy of Leeds (0.8 miles)
  • Mount St Mary's Catholic High School (0.9 miles)
  • The Ruth Gorse Academy (1.0 mile)
Note: Distances are straight line measurements

Local info for Leeds

About the neighbours in LS2

AskMe Q&A for Leeds

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For more information about this property, please contact
Parklane, LS1 on 0113 427 8992 * (local rate)

Monthly running costs Beta

£4,502 Monthly total
Mortgage
Purchase price
Deposit (10%) 130,000
Repayment term 25
Interest rate 0.5
Your payment £4,149 /mo Find available rates

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £14/mo (£171/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £21 Electricity £22 Estimated energy cost £43/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6400 kWh/year
Electricity: 1900 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Leeds

Estimated tax band H Council tax cost £275 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £9 Sewerage £12 Estimated water cost £21 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Parklane about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Parklane, and do not constitute property particulars. Please contact Parklane for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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