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Studio for sale

£75,000

St. Michaels Lane, Leeds LS6

1 1

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Interested in this property? Call 020 7768 0120 * or

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Property features

  • Roof terrace
  • Laundry room
  • Manned reception
  • Bike storage
  • Social room
  • Games room
  • Fitness Gym
  • Rooftop terrace

Property description

*cash buyers/investment only

The Pavillion, Leeds, is a brand-new investment opportunity in the lucrative market of student accommodation investments.

The Pavillion is located close to the popular Headingley district centre and has good public transport links to the city centre: The perfect solution for students looking for
independent living in a modern environment.

Students demands have changed over recent years and many, especially those from overseas, no longer wish to live in converted houses or in the common “cluster-flat” undergraduate student accommodation.

They now require bespoke, purpose-built accommodation which lies close to the educational hub.

The Pavillion, with 44 student studio apartments, a social room, games room, fitness gym and rooftop garden, is ideally designed to meet the needs of the current student market.

The Pavillion is widely anticipated to become one of the most sought after residencies in the lucrative Leeds student rental market.

Investment snapshot:
• Apartments from just £75,000
• Market value of £90,143,17% under market value
• Assured minimum rental yield of 8% for 3 years
• Return £19,503 in the first 3 years alone
• Fully-furnished, self-contained apartments with private kitchens and bathrooms
• The University of Leeds is a leading Russell Group University, one of the top institutions in the UK
• Leeds is home to two world class universities with close to 65,000 students
• 5% interest paid on deposited funds
• 12 month extended payment plan
• Apartments have the option to target both students and young professionals
• A fully hands-off investment managed by reputable asset managers
Floorplan(s): Floorplan 1

View original

Market activity
Average price paid £207,382 Sales 437 Current average value £231,612 (Zoopla Zed-Index) Value change £13,400 ▲ 6.14%

Property value data/graphs for LS6

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £341,465 £253 3.8 £288,561
Semi-detached £245,124 £230 3.4 £230,465
Terraced £214,883 £201 3.8 £196,780
Flats £170,585 £229 2.0 £135,653

Current asking prices in LS6

Average: £216,976
Avg. current asking prices in LS6
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £149,950
(1)
£154,967
(3)
£214,444
(9)
£222,500
(2)
£327,500
(4)
Flats £63,126
(9)
£182,494
(8)
£142,332
(3)
£350,000
(1)
-
All £71,808
(10)
£174,986
(11)
£196,416
(12)
£265,000
(3)
£327,500
(4)

Current asking rents in LS6

Average: £1,322 pcm
Avg. current asking prices in LS6
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £458 pcm
(76)
£635 pcm
(124)
£886 pcm
(210)
£1,227 pcm
(399)
£1,489 pcm
(314)
Flats £534 pcm
(208)
£763 pcm
(90)
£966 pcm
(96)
£1,304 pcm
(70)
£1,631 pcm
(29)
All £514 pcm
(284)
£689 pcm
(214)
£911 pcm
(306)
£1,238 pcm
(469)
£1,501 pcm
(343)

Fun facts for LS6

Highest value in LS6
Highest value streets Zed-Index
Belford Court £497,461
Stretton Avenue £496,188
Claremont Drive £485,408
Woodbine Terrace £481,470
Claremont Road £444,755
Highest turnover in LS6
Highest turnover streets Turnover
Cherry Grove 63.6%
Alma Cottages 60.0%
Caraway Court 54.5%
Rawling Way 53.3%
Sherbourne Drive 50.0%

What Zoopla users think of Leeds

Overall rating:

  • currently 4 stars
Very good - 79% (383 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

Rate Leeds:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
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

  • Burley Park (0.3 miles)
  • Headingley (0.6 miles)
  • Kirkstall Forge (1.6 miles)
  • Leeds Bradford International Airport (4.7 miles)
  • Robin Hood Airport (33.4 miles)
  • Manchester International Airport (42.8 miles)
  • Hull Ferry Terminal (53.6 miles)
  • Transporter Bridge South Side (55.0 miles)
  • Transporter Bridge North Side (55.1 miles)

Nearby schools

View all schools in Leeds
  • Spring Bank Primary School (0.2 miles)
  • Brudenell Primary School (0.4 miles)
  • Shire Oak VC Primary School (0.5 miles)
  • Notre Dame Catholic Sixth Form College (1.2 miles)
  • Swarthmore Education Centre (1.4 miles)
  • Leeds City College (1.7 miles)
  • The KS3 Pupil Referral Unit Burley Park Centre (0.5 miles)
  • City of Leeds School (0.9 miles)
  • Lighthouse School Leeds (0.9 miles)
Note: Distances are straight line measurements

Local info for Leeds

About the neighbours in LS6

AskMe Q&A for Leeds

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For more information about this property, please contact
Aspen Woolf, N1 on 020 7768 0120 * (local rate)

Monthly running costs Beta

£417 Monthly total
Mortgage
Purchase price
Deposit (10%) 7,500
Repayment term 25
Interest rate 0.5
Your payment £239 /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 £20/mo (£239/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 £20 Electricity £25 Estimated energy cost £45/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: 6500 kWh/year
Electricity: 1800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Leeds

Estimated tax band A Council tax cost £92 /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 Aspen Woolf 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 Aspen Woolf, and do not constitute property particulars. Please contact Aspen Woolf 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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