2 bed flat

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2 bed flat

Leylands House, 56 Mabgate, Leeds, UK LS9
£175,000

Price History

Initial price £230,000
20/07/24 £215,000
06/09/24 £205,000
12/11/24 £190,000
28/01/25 £180,000
04/06/25 £175,000
Price Change -23.91%

Description

Leylands House, a modern apartment in Leeds' Northern Quarter, offers an exciting investment opportunity with a high specification and excellent return. The property is tenanted and produces a net income of £12,804, yielding 7.32% above the market average. The apartment features a spacious open-plan living area with Juliette balcony, hardwood flooring, and spotlight lighting. The kitchen is fully fitted with integrated appliances and a breakfast bar, while the two large double bedrooms have floor-to-ceiling windows and ensuite shower rooms. Leeds is a hotspot for property investment, with a booming economy, strong rental demand, and a rapidly growing population. The city's South Bank project, set to double the size of the city centre, will create over 35,000 jobs by 2028, further increasing rental demand. With a gross yield of 8.57% and a net yield of 7.32%, this property is an attractive opportunity for investors looking to capitalize on Leeds' growth potential.