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1 bed flat for sale

£115,000 Offers over

Manor Mills, Ingram Street, Leeds LS11

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Property features

  • Great investment - high rental demand for this product
  • Close to train station
  • Modern kitchen
  • Balcony
  • Built in wardrobes
  • Service charge: £882.36
  • Ground rent: £260
  • 990 years on the lease
  • Near southbank & HS2
  • Currently rented at £625. Erv is £650.

Property description

Leeds Part of the Northern Powerhouse, Leeds is a major city with a population of 781,000. The city is the heart of Leeds City Region (LCR), a cluster of 10 local authorities with a combined population of 3 million.

Worth over gbp 60 billion, the region's economy is the largest outside London and accounts for 5% of the uk's economic output. Lcr's population has grown 3.1% over the past five years with a further 2.5% growth forecast for the next five years.

Increasing demand has led to changes in the residential market. The region needs over 90,000 units delivered by 2021. However, only 60,000 residential units are currently in the pipeline for this period, creating a housing shortfall of 30,000.

Leeds will have the 7th fastest growing resident population in the UK up to 2020 and the city's population is forecast to increase by 9.6% by 2033. Leeds has also seen the uk's highest growth of private sector jobs at 6.1% in 2015, ahead of London at 4.4% and well above the national average of 2.5%.

Vacancy rates in the housing market have fallen from 5% in 2010 to just 2.5% in 2016 and are pushing prices upwards. Jll's rental growth forecast suggests that Leeds is set to have one of the uk's largest rental growth over the next five years at 22.2%. Simultaneously, with a projected house price growth of 21.6% between 2017 and 2021, jll forecasts that the annual price growth in Leeds will surpass Manchester, Liverpool and other major UK cities by 2020.

Southbank The South Bank area is one of the most significant regeneration opportunities in Europe, providing the capacity and potential for expansion of high value uses in Leeds City Centre, focused around a growing major rail hub. Capacity for over 4,000 new homes and commercial development to create 35,000 new jobs.

The area will be home to:
The new HS2 station, which together with the existing station, will be one of the busiest transport interchanges in the country and an international gateway;improved infrastructure including superfast broadband, a major data centre and Leeds New Generation Transport system; an education hub with Leeds College of Building and the existing Leeds City College campus, with potential for further new educational provision.

Apartment Delightful, open plan, third floor apartment in one of Leeds' most desirable buildings.

This is a bright spacious studio apartment, which has full length windows that benefit the living area and the bedroom area. The studio also has a balcony and wonderful city views.

It comes with modern furnishings including, double bed, bedside table, sofa, coffee table, dining chairs and integrated sleek kitchen.

Kitchen High spec white gloss kitchen with dishwasher and worktop space.

Balcony Huge floor to ceiling windows flood the apartment with natural light; it also has a large square balcony.

Building This is a modern development with the convenience of a block concierge; someone to take delivery of your parcels when you are not there. There is a managed communal area with terrace and building intercom. The building also has underground parking spaces for tenants to rent and spaces are available at an extra cost, subject to availability.

Location Fantastic location with so much on your doorstep. The building is just 10 minutes' walk from the train station and very convenient to the motorway network too.

Service charge, ground rent & lease length 990 Years On Lease
Ground Rent: £260.00
Service Charge: £882.36

Property info

Market activity
Average price paid £102,901 Sales 364 Current average value £109,607 (Zoopla Zed-Index) Value change £5,050 ▲ 4.83%

Property value data/graphs for LS11

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £186,288 £164 3.2 £152,235
Semi-detached £130,085 £151 3.0 £121,319
Terraced £88,952 £112 2.8 £81,399
Flats £153,757 £281 1.8 £148,561

Current asking prices in LS11

Average: £108,882
Avg. current asking prices in LS11
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £72,475
(2)
£84,779
(14)
£115,993
(29)
£100,332
(6)
£120,665
(3)
Flats £93,555
(9)
£132,222
(9)
- - -
All £89,722
(11)
£103,343
(23)
£115,993
(29)
£100,332
(6)
£120,665
(3)

Current asking rents in LS11

Average: £583 pcm
Avg. current asking prices in LS11
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £402 pcm
(8)
£524 pcm
(32)
£607 pcm
(17)
£657 pcm
(19)
-
Flats £496 pcm
(28)
£872 pcm
(18)
£849 pcm
(1)
- -
All £475 pcm
(36)
£649 pcm
(50)
£620 pcm
(18)
£657 pcm
(19)
-

Fun facts for LS11

Highest value in LS11
Highest value streets Zed-Index
Water Lane £220,829
Fulneck Close £220,222
Marshall Street £217,804
Tanglewood £202,851
Crow Nest Drive £199,225
Highest turnover in LS11
Highest turnover streets Turnover
Butcher Street 38.6%
Fairfax Road 38.5%
Fulneck Close 35.7%
Noster Terrace 33.3%
Cad Beeston Mews 33.3%

What Zoopla users think of Holbeck

Overall rating:

  • currently 4 stars
Very good - 77% (14 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 3.5 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 Holbeck:

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 (0.4 miles)
  • Burley Park (1.9 miles)
  • Cottingley (2.1 miles)
  • Leeds Bradford International Airport (7.0 miles)
  • Robin Hood Airport (31.2 miles)
  • Manchester International Airport (42.4 miles)
  • Hull Ferry Terminal (52.3 miles)
  • Transporter Bridge South Side (56.5 miles)
  • Transporter Bridge North Side (56.6 miles)

Nearby schools

View all schools in Leeds
  • Lane End Primary School (0.4 miles)
  • Beeston Hill St Luke's Church of England Primary School (0.6 miles)
  • The New Bewerley Community Primary School (0.7 miles)
  • Elliott Hudson College (2.2 miles)
  • New College Pontefract (11.3 miles)
  • Shelley College (14.5 miles)
  • The Ruth Gorse Academy (0.6 miles)
  • Mount St Mary's Catholic High School (1.0 mile)
  • The Elland Academy (1.5 miles)
Note: Distances are straight line measurements

Local info for Leeds

About the neighbours in LS11

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For more information about this property, please contact
North Property Group Ltd, LS1 on +44 113 482 9929 * (local rate)

Monthly running costs Beta

£598 Monthly total

Mortgage

Purchase price
Deposit (10%) 11,500
Repayment term 25
Interest rate 1.5
Your payment £413 /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.

Home Insurance

Rebuild value up to £650,000 Contents value up to £65,000 Average insurance cost £20/mo (£234/yr)
Compare insurance deals now 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 £23 Estimated energy cost £44/mo

Similar properties could save up to £168

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

Council Tax

Local authority

Leeds

Estimated tax band A Council tax cost £100 /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 North Property Group Ltd 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 North Property Group Ltd, and do not constitute property particulars. Please contact North Property Group Ltd 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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