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1 bed flat for sale

£99,950

Kirkstall Gate, Kirkstall Road, Leeds LS4

1 1 1
Interested in this property? Call +44 113 482 9929 * or Request Details

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Property features

  • Last 8 units remaining
  • Parking included
  • Brand new apartments
  • 250 year lease
  • Net yields up to 6.84%
  • Ground rent: £250 pa
  • Service charge varies on unit: £500 - £700
  • Rents range from £575 - £650PCM
  • An ideal buy to let

Property description

Demand and growth in kirkstall The Leeds's housing supply has been lower than the annual target since 2009. In the wider region, the population has grown by 3.1% over the past five years. The region needs over 90,000 units to be delivered by 2021. However, only 60,000 residential units are currently in the development pipeline for this period, creating a housing shortfall of 30,000.

Kirkstall Gate is on the door step of the new Kirkstall Bridge Development and Cardigan Fields. As a result, the site benefits from numerous local amenities such as, Morrison's, Aldi, M&S, Vue Cinema, Virgin Active and many more. The development is ideally located for young professionals and students with a short 10 minute commute into the City and to the universities.

Kirkstall Gate is ideally located for those who wish to live on the outskirts of Leeds City Centre, but still have the convenience of City Living right at their door step. Kirkstall Gate is located just a 10 minute drive from Leeds City Centre and benefits from being on one of the main bus routes into the Leeds every 15 minutes. They are ideal for both owner occupiers and investors looking for a sound return.

Kirkstall Road leads directly into the heart of Leeds City Centre. Coming in form the west of the City means Kirkstall Gate benefits from leading straight towards the train station and the financial district of the City where many major employers are based, such as kpmg, Ernst & Young, Lloyds Banking Group, Asda, PwC and Direct Line.

Rent, yields and particulars Kirkstall Gate is currently being redeveloped and makes a perfect buy to let investment, offering initial yields up to 7%. Based on current market conditions, we anticipate that the rents will range from £575 - £650 pcm subject to the unit style and size.

The lease for each flat will be 250 years with an annual ground rent of £250. Service charges vary on the flats, ranging from £500 to £700 per annum, calculated on the size of the properties.

With plenty of amenities and a fantastic community, Kirkstall Gate is right at the heart of everything the popular suburb has to offer, including award winning cafes and restaurants, plenty of shops and established retail parks, a cinema, lots of health and fitness facilities and the recently opened railway station all on its doorstep.

Kirkstall Gate offers a choice of studio and one bedroom accommodation with car parking. It's already proved to be popular development with just 8 units left as of 01/12/2017.

Parking Parking is gated with secure coded access. It's unallocated and residents can use it on a first come first served basis.

Incentive For any properties purchased through North Property Group, we offer free Rent Guarantee Insurance for 12 months to our clients.

Selling fast The development has been hugely popular and only 8 units remain.

Do not miss out - ring North Property Group on to arrange a viewing on the show-flat today!

Market activity
Average price paid £165,712 Sales 109 Current average value £182,971 (Zoopla Zed-Index) Value change £4,958 ▲ 2.79%

Property value data/graphs for LS4

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £252,011 £246 3.4 £230,500
Semi-detached £198,881 £212 3.1 £184,623
Terraced £174,756 £174 3.2 £156,337
Flats £158,695 £238 2.0 £127,400

Current asking prices in LS4

Average: £133,084
Avg. current asking prices in LS4
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £163,737
(4)
£167,200
(6)
- -
Flats £101,079
(7)
£180,000
(1)
- - -
All £101,079
(7)
£166,990
(5)
£167,200
(6)
- -

Current asking rents in LS4

Average: £1,028 pcm
Avg. current asking prices in LS4
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £393 pcm
(51)
£745 pcm
(22)
£1,038 pcm
(42)
£1,239 pcm
(41)
£1,509 pcm
(30)
Flats £497 pcm
(83)
£741 pcm
(5)
£1,092 pcm
(2)
£1,551 pcm
(1)
£1,343 pcm
(1)
All £457 pcm
(134)
£744 pcm
(27)
£1,041 pcm
(44)
£1,247 pcm
(42)
£1,504 pcm
(31)

Fun facts for LS4

Highest value in LS4
Highest value streets Zed-Index
Stanmore Road £285,958
Burley Wood Mount £274,797
Beechwood Crescent £248,200
Stanmore Street £235,607
Stanmore Crescent £234,436
Highest turnover in LS4
Highest turnover streets Turnover
Wetherby Terrace 43.8%
Argie Gardens 42.1%
Wetherby Grove 38.1%
Argie Terrace 36.8%
Elsham Terrace 36.5%

What Zoopla users think of Leeds

Overall rating:

  • currently 4 stars
Very good - 78% (454 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

  • Burley Park (0.4 miles)
  • Headingley (0.9 miles)
  • Leeds (1.7 miles)
  • Leeds Bradford International Airport (5.2 miles)
  • Robin Hood Airport (33.0 miles)
  • Manchester International Airport (42.3 miles)
  • Hull Ferry Terminal (53.7 miles)
  • Transporter Bridge South Side (55.6 miles)
  • Transporter Bridge North Side (55.7 miles)

Nearby schools

View all schools in Leeds
  • Burley St Matthias Church of England Voluntary Controlled Primary School (0.1 miles)
  • Kirkstall Valley Primary School (0.2 miles)
  • Armley Primary School (0.5 miles)
  • Elliott Hudson College (3.0 miles)
  • New College Pontefract (13.1 miles)
  • The Maltings College (13.8 miles)
  • Springwell Academy Leeds (0.2 miles)
  • Swallow Hill Community College (1.1 miles)
  • Leeds City Academy (1.3 miles)
Note: Distances are straight line measurements

Local info for Leeds

About the neighbours in LS4

AskMe Q&A for Leeds

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Arrange Viewing

For more information about this property, please contact
North Property Group Ltd, LS2 on +44 113 482 9929 * (local rate)

Monthly running costs Beta

£525 Monthly total

Mortgage

Purchase price
Deposit (10%) 9,995
Repayment term 25
Interest rate 1.5
Your payment £359 /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 £24 Estimated energy cost £45/mo

Similar properties could save up to £193

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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