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Studio for sale

£52,995 From

Servia Road, Leeds LS7

1 1
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Property features

  • Investment Opportunity
  • Buy-to-Let Student Accommodation
  • Assured net yield of 8% for 3 years
  • Leeds is home to two of the largest universities in the UK
  • Market of over 60,000 potential student tenants
  • Completion due Spring 2017

Property description

Detailed Description

Austin hall & asquith house student accommodation

Standing side by side, Austin Hall and Asquith House are purpose built, off-plan developments comprising of a total of 298 en-suite bedrooms and studios over six levels.

Austin Hall has 114 en-suite bedrooms and 28 studios and Asquith House has 128 en-suite bedrooms and 28 studios. All student bedrooms are arranged in apartments of four and six bedrooms, each sharing a communal area complete with kitchen, dining area and lounge.

Situated on Servia Road in a prominent student hotspot, the site is a convenient five minute walk to The University of Leeds and Leeds Metropolitan University campuses and just a ten minute walk into the city centre.

Being so close to both main university campuses, students will benefit from living and studying within a thriving student hub with an abundance of cafes, bars, restaurants and shops.

Austin Hall and Asquith House are certainly the ideal base for students to live and enjoy the best of student living.


Investment overview


* Assured net yield of 8% for 3 years*

* 298 student bedrooms over 2 blocks

* Completion due Spring 2017

* Quality furniture and fittings

* On-site laundry facilities

* Fantastic Leeds location near to all 3 Universities

availbility - Completion is due imminently with only a few units remaining.

Austen House

unit 101 from £56,800

unit 114 from £56,800

unit 119 from £78,745

unit 305 from £74,995

unit 320 from £52,995

unit 505 from £74,995

unit 617 from £57,995

unit 807 from £52,995

Asquith House

unit 109 from £56,995


Payment process


* Complete a Reservation Agreement and pay a reservation fee of £3,000 to reserve your apartment and car parking space.

* Upon exchange pay 50% (less the reservation fee)

* A stage payment of 30% and a final payment of 20% on completion.

The lease is 999 years and the ground rent is £500 per annum.

Property info

Floorplan(s): Floor Plan Floor Plan

Floor Plan View original

Market activity
Average price paid £199,465 Sales 288 Current average value £193,191 (Zoopla Zed-Index) Value change -£5,234 ▼ -2.64%

Property value data/graphs for LS7

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £311,087 £264 3.7 £303,904
Semi-detached £213,462 £224 3.1 £229,509
Terraced £168,333 £191 3.2 £190,930
Flats £157,265 £232 1.8 £132,237

Current asking prices in LS7

Average: £191,073
Avg. current asking prices in LS7
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £118,000
(1)
£244,602
(19)
£246,868
(8)
£260,738
(4)
Flats £88,444
(9)
£139,158
(6)
£228,000
(3)
- -
All £88,444
(9)
£136,136
(7)
£242,338
(22)
£246,868
(8)
£260,738
(4)

Current asking rents in LS7

Average: £837 pcm
Avg. current asking prices in LS7
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £497 pcm
(10)
£842 pcm
(5)
£862 pcm
(8)
£1,262 pcm
(7)
£1,547 pcm
(3)
Flats £510 pcm
(17)
£682 pcm
(12)
£963 pcm
(3)
- -
All £505 pcm
(27)
£729 pcm
(17)
£889 pcm
(11)
£1,262 pcm
(7)
£1,547 pcm
(3)

Fun facts for LS7

Highest value in LS7
Highest value streets Zed-Index
Gledhow Valley Road £418,769
Gledhow Park Drive £409,854
Norfolk Terrace £385,945
Oak Road £338,685
Gledhow Park Crescent £334,988
Highest turnover in LS7
Highest turnover streets Turnover
Oldfield Court 83.3%
Teale Drive 62.5%
Tynedale Court 60.0%
Wharfedale Place 53.3%
Pasture Terrace 52.6%

What Zoopla users think of Leeds

Overall rating:

  • currently 4 stars
Very good - 78% (458 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 4 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 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 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Leeds (0.9 miles)
  • Burley Park (1.6 miles)
  • Headingley (2.4 miles)
  • Leeds Bradford International Airport (6.4 miles)
  • Robin Hood Airport (31.8 miles)
  • Manchester International Airport (43.6 miles)
  • Hull Ferry Terminal (51.9 miles)
  • Transporter Bridge South Side (55.2 miles)
  • Transporter Bridge North Side (55.3 miles)

Nearby schools

View all schools in Leeds
  • Little London Community Primary School (0.1 miles)
  • Blenheim Primary School (0.3 miles)
  • Holy Rosary and St Anne's Catholic Primary School (0.4 miles)
  • Elliott Hudson College (3.5 miles)
  • New College Pontefract (11.7 miles)
  • The Maltings College (15.6 miles)
  • Dixons Trinity Chapeltown (0.4 miles)
  • The Co-operative Academy of Leeds (0.8 miles)
  • Mount St Mary's Catholic High School (1.1 miles)
Note: Distances are straight line measurements

Local info for Leeds

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Monthly running costs Beta

£257 Monthly total

Mortgage

Purchase price
Deposit (10%) 5,299
Repayment term 25
Interest rate 1.5
Your payment £190 /mo How Much Could I Borrow

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.

Energy

Gas £21 Electricity £25 Estimated energy cost £46/mo

Similar properties could save up to £182

How Much Could I Save? 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

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.

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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 Nu:Move International, and do not constitute property particulars. Please contact Nu:Move International 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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