2 bedroom apartment for sale

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2 bedroom apartment for sale

Leylands House, 56 Mabgate, Leeds, UK, LS9 7EA
£180,000

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
Price Change -21.74%

Description

This luxurious apartment in Leeds' Northern Quarter is a fantastic investment opportunity, offering a high specification property with a strong rental yield. The apartment is situated on the third floor of a modern block, just a 10-minute walk from the city center, and benefits from a spacious open-plan living space, hardwood flooring, and Juliette balcony. The property is fully furnished and has a high demand for rental, producing an excellent return of 6.74% NET. Leeds is a hotspot for property investment, with a booming economy, affordable prices, and strong rental demand, making it an ideal time to invest in the city. With a gross rent of £15,000 and a net income of £12,804, this property offers a gross yield of 8.33% and a net yield of 7.11%. With the city's South Bank project set to create over 35,000 jobs by 2028, demand for rental properties is only set to increase, making this a prime investment opportunity.