1 bed flat for sale

£72,000

Leeds Hotel Room Investment, Belgrave Street, Leeds LS2

1 1 1
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Property features

  • Located in Leeds
  • 8% Net Rental Income
  • High Occupancy Rates
  • Close to Amenities
  • Hands-Off Investment
  • Experienced Management Company

Property description

Leeds City Hotel Investment Opportunity

Consisting of a collection of luxury rooms designed to deliver a taste of northern soul and laid-back comfort, these hotel rooms are in the perfect position for visitors to the city.

Bursting with culture and attractions, Leeds is known for its excellent shopping, and the award-winning Victoria Leeds shopping centre is within easy walking distance of the hotel.

Investing in a hotel suite provides an assured yield over a number of years, reliable income backed by a safe underlying asset, the potential for personal usage, and can offer buy back at the end of the investment.

Investment Overview

• Located in Leeds
• 8% Net Rental Income
• High Occupancy Rates
• Close to Amenities
• Hands-Off Investment
• Experienced Management Company

Leeds

As the second largest metropolitan borough by population, Leeds has been a staple of the British lifestyle for hundreds of years.

Making its wealth and fame during the industrial revolution as one of the world’s leading cities of textile and trade, modern day Leeds maintains its commercial roots, as the largest business centre outside of the capital.

Leeds has been identified as the most attractive city in the North for inward investment and is home to the largest number of high growth businesses outside London and the South East. A total of £4 billion has been invested in large scale development projects over the last ten years and there is a further £5.8 billion worth of development under construction and in the pipeline.

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Market activity
Average price paid £109,595 Sales 92 Current average value £171,863 (Zoopla Zed-Index) Value change £10,434 ▲ 6.46%

Property value data/graphs for LS2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £451,748 - 5.4 -
Semi-detached £316,034 - 3.7 £180,000
Terraced £290,317 £192 4.3 £120,250
Flats £156,015 £271 1.7 £108,565

Current asking prices in LS2

Average: £163,995
Avg. current asking prices in LS2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - -
Flats £166,563
(38) 		£170,800
(19) 		£202,778
(9) 		£250,000
(1) 		-
All £166,563
(38) 		£170,800
(19) 		£202,778
(9) 		£250,000
(1) 		-

Current asking rents in LS2

Average: £837 pcm
Avg. current asking prices in LS2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £564 pcm
(31) 		£539 pcm
(49) 		£593 pcm
(31) 		£1,105 pcm
(19) 		£1,325 pcm
(5)
Flats £606 pcm
(108) 		£915 pcm
(51) 		£1,252 pcm
(15) 		£1,472 pcm
(18) 		£2,239 pcm
(3)
All £597 pcm
(139) 		£731 pcm
(100) 		£808 pcm
(46) 		£1,283 pcm
(37) 		£1,668 pcm
(8)

Fun facts for LS2

Highest value in LS2
Highest value streets Zed-Index
Kelso Road £449,734
Blenheim Terrace £418,433
Hyde Terrace £293,671
Albion Street £281,722
Archery Terrace £264,456
Highest turnover in LS2
Highest turnover streets Turnover
Leylands Road 37.0%
Langtons Wharf 31.3%
The Chandlers 26.7%
Crown Street 22.2%
Harewood Street 21.4%

What Zoopla users think of Leeds

Overall rating:

  • currently 4 stars
Very good - 78% (448 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 (0.5 miles)
  • Burley Park (1.7 miles)
  • Headingley (2.4 miles)
  • Leeds Bradford International Airport (6.6 miles)
  • Robin Hood Airport (31.6 miles)
  • Manchester International Airport (43.2 miles)
  • Hull Ferry Terminal (52.0 miles)
  • Transporter Bridge South Side (55.6 miles)
  • Transporter Bridge North Side (55.7 miles)

Nearby schools

View all schools in Leeds
  • Blenheim Primary School (0.5 miles)
  • St Peter's Church of England Primary School, Leeds (0.5 miles)
  • Little London Community Primary School (0.5 miles)
  • Elliott Hudson College (3.0 miles)
  • New College Pontefract (11.5 miles)
  • The Maltings College (15.3 miles)
  • The Ruth Gorse Academy (0.7 miles)
  • Mount St Mary's Catholic High School (0.8 miles)
  • The Co-operative Academy of Leeds (0.9 miles)
Note: Distances are straight line measurements

Local info for Leeds

AskMe Q&A for Leeds

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For more information about this property, please contact
Alesco Investment Properties, SW18 on +44 20 8033 7635 * (local rate)

Monthly running costs Beta

£437 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,200
Repayment term 25
Interest rate 1.5
Your payment £259 /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 £1,000,000 Contents value up to £75,000 Average insurance cost £14/mo (£169/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 £19 Electricity £24 Estimated energy cost £43/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

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 Alesco Investment Properties 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 Alesco Investment Properties, and do not constitute property particulars. Please contact Alesco Investment Properties 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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