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Studio for sale

£75,000 From

Skinner Lane, Leeds LS7

1

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Property features

  • Communal garden
  • Off street parking
  • A hassle free investment – Fully managed on your behalf
  • 4% paid of deposited funds
  • Net 8% rental yield assured for 3 years
  • Brilliant location- perfect for cash investors
  • Full furniture packs available for further rental ease
  • Huge demand for quality accommodation

Property description

*cash buyers/investment only

Leeds is a city rich in heritage and it is now one of the best cities to be looking at in terms of property investments. Located at the very heart of the UK, Leeds is one of the country's most accessible cities. Add a great travel infrastructure covering land, sea and air means getting to Leeds for even the shortest of breaks becomes truly easy.

Leeds is where people come to succeed. Be that work or studies. It has a highly skilled workforce, easy access to regional, national and international markets and renowned value for money, leading to thousands of people being inspired to build great businesses and lives there.

Victoria House is a new low entry level residential investment opportunity in Leeds. It provides investors with an excellent opportunity to own a contemporary apartment within the city centre. With over 124,000 people working in the financial and business services in Leeds, it makes it the largest of any UK city outside London.

The region offers access to eight world-class universities with a long tradition of innovation. The three main universities alone contribute to over 52,000 students. However, the universities in Leeds can only supply accommodation for just 24% of students. Making this the perfect opportunity to tap into all the key workers, post graduates and young professionals who want to live and work within the city centre and have a need for high quality and contemporary residential accommodation.

Offered at a significant discount to today's market values, Victoria House comes as a hassle free investment benefiting from an 8% net yield for 3 years. There is an option for immediate income generation as investors can also opt in to have 4% interest paid on any monies deposited until completion.

Fully managed by Morgan City Living, Victoria House offers a range of apartment types from Studio, 1 bedroom and 2 bedrooms, which will be sold with the option of high quality contemporary furniture packs that are especially suited to a city living lifestyle.

The complex also has the benefit of CCTV and an on-site concierge for added security. Victoria House moreover gains from excellent on-site facilities including a private resident's garden featuring comfortable outdoor seating, fun ping pong tables and a convenient basketball court for all those looking to keep fit in a healthy and fun way. Everything really to make sure tenants have a lifestyle over and above current market standards.

Victoria House with its excellent central location will provide affordable, high quality and contemporary accommodation and will be aimed at key workers, young professionals, and post graduates who want to live and work within the city centre. It is the ideal residential investment in a city that is in dire need of more accommodation. To find out more about Victoria House and to start your investment process, please fill in the form below today.
Floorplan(s): Floorplan 1 Floorplan 2

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Market activity
Average price paid £189,668 Sales 275 Current average value £198,017 (Zoopla Zed-Index) Value change £4,999 ▲ 2.59%

Property value data/graphs for LS7

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £318,865 £268 3.7 £284,206
Semi-detached £218,893 £232 3.1 £213,231
Terraced £172,135 £198 3.2 £185,172
Flats £161,215 £229 1.8 £125,730

Current asking prices in LS7

Average: £163,182
Avg. current asking prices in LS7
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £205,000
(2)
£214,993
(8)
£378,738
(4)
£300,000
(2)
Flats £97,263
(11)
£131,793
(15)
£125,000
(1)
- -
All £97,263
(11)
£140,405
(17)
£204,994
(9)
£378,738
(4)
£300,000
(2)

Current asking rents in LS7

Average: £977 pcm
Avg. current asking prices in LS7
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £599 pcm
(10)
£846 pcm
(6)
£734 pcm
(7)
£1,224 pcm
(14)
£1,952 pcm
(2)
Flats £524 pcm
(24)
£748 pcm
(9)
- - -
All £546 pcm
(34)
£787 pcm
(15)
£734 pcm
(7)
£1,224 pcm
(14)
£1,952 pcm
(2)

Fun facts for LS7

Highest value in LS7
Highest value streets Zed-Index
Gledhow Valley Road £429,768
Gledhow Park Drive £418,408
Norfolk Terrace £394,813
Oak Road £346,386
Gledhow Park Crescent £338,660
Highest turnover in LS7
Highest turnover streets Turnover
Oldfield Court 66.7%
Teale Drive 56.2%
Tynedale Court 55.0%
Pasture Terrace 52.6%
Pasture Crescent 50.0%

What Zoopla users think of Leeds

Overall rating:

  • currently 4 stars
Very good - 78% (420 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.
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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

  • Leeds (0.8 miles)
  • Burley Park (1.8 miles)
  • Headingley (2.6 miles)
  • Leeds Bradford International Airport (6.7 miles)
  • Robin Hood Airport (31.5 miles)
  • Manchester International Airport (43.5 miles)
  • Hull Ferry Terminal (51.7 miles)
  • Transporter Bridge South Side (55.4 miles)
  • Transporter Bridge North Side (55.5 miles)

Nearby schools

View all schools in Leeds
  • St Peter's Church of England Primary School, Leeds (0.3 miles)
  • Little London Community Primary School (0.4 miles)
  • Blenheim Primary School (0.5 miles)
  • Leeds College of Building (0.1 miles)
  • Notre Dame Catholic Sixth Form College (0.9 miles)
  • Swarthmore Education Centre (0.9 miles)
  • The Co-operative Academy of Leeds (0.6 miles)
  • Mount St Mary's Catholic High School (0.8 miles)
  • The Ruth Gorse Academy (0.9 miles)
Note: Distances are straight line measurements

Local info for Leeds

About the neighbours in LS7

AskMe Q&A for Leeds

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For more information about this property, please contact
Aspen Woolf, N1 on +44 20 7768 0120 * (local rate)

Monthly running costs Beta

£335 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,500
Repayment term 25
Interest rate 1.5
Your payment £269 /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 £19 Electricity £26 Estimated energy cost £45/mo

Similar properties could save up to £158

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.

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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