2 bed flat

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2 bed flat

Leylands House, 56 Mabgate, Leeds, UK LS9
£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

Leylands House is a high-specification apartment located in the desirable Northern Quarter of Leeds, just a 10-minute walk from the city center. The property is currently tenanted and produces an excellent return of 6.74% net, with high tenant demand. The apartment features a spacious open-plan living space with a Juliette balcony, hardwood flooring, and spotlight lighting. The kitchen is fully fitted with integrated appliances and a breakfast bar, and 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, affordable prices, and strong rental demand. The city is set to undergo significant regeneration, including the South Bank project, which will create over 35,000 jobs by 2028, further increasing demand for rental properties. The property is available for investment, with a gross yield of 8.33% and a net yield of 7.11%.