A residential development, completed in February 2022. It is the result of an ambitious scheme that has converted an existing commercial property into a modern mix of 79, one-and-two-bedroom apartments.
The development is set in a quiet and leafy residential district in Bagshot. It lies just 300m from the A322, and less than 900m from the nearest junction of the M3. This makes it an exceptionally convenient base for commuters: central London is less than 45km to the east, and many other employment hotspots are considerably closer still, namely Reading and Bracknell that house major corporations and large industrial estates.
Like many districts of Britain, Bagshot is characterised by an insufficient supply of good, modern homes, which means that local rental demand is robust and reliable. The property is already over 75% tenanted and the developer will take responsibility for ensuring full occupancy. Consequently, as the newest and most striking development in the area, it promises low risk, dependable yields and excellent potential for continuing capital growth.
A new residential conversion scheme
Completed: February 2022
79 apartments
A mix of studios and one and two-bedroom apartments
Backed by a 10-year warranty
250-year leasehold
£0 ground rent
Prices from £190,000
Investment Highlights
Prices start from £190,000 for a studio and £195,000 for a 1 bed and £265,000 for a 2 bed.
Completed Development in February 2022
Strong local rental demand with all units currently rented
Average Rent: £890 PCM
8.4% average annual price growth in the area
Zero ground rent
250-year lease
Service charges £1,027 per annum
Allocated parking included with each apartment
Short term lets allowed in the lease, providing up to 12% yield
Prices from £144,500, 7% Projected Yield
Northgate House in Leeds a new, off plan residential aprtment project in a popular area of Leeds. Close to the main University area and just a short ride away from Leeds City Centre, Northgate House features 54 brand new high spec apartments perfect for either the young professional or executive to rent. Each of the 54 luxury apartments represent a well-appointed place to live offering a premium specification that includes real wood floors, feature windows throughout, premium fitted kitchens, luxury bathroom suites and stylish lighting throughout. The design theme is focused on delivering stylish practicality.
Northgate House is located on one of the main arterial routes into the city of Leeds, with connections to the major motorway links via the Leeds inner ring road. The area shows large demand for new build apartments and this is portrayed in the number of new developments presently being built to not only regenerate this area and make use of the heritage of the buildings and landscape, but to service the growing demand and popularity of the area. The most affluent areas of Leeds are in the North Leeds locations. The key post codes in Leeds are in the areas of LS17, LS16 and LS8. These 3 post codes are clustered in a triangle and are where the most expensive properties in Leeds are situated.
These areas are also the home of notable iconic local landmarks. This area is advantageous for investors and buyers looking for a convenient property close to the city. The availability displayed on the web portals is ever changing with visible turnaround times. Meanwood and nearby Headingley are very much suburbs of the city, vastly growing and becoming modernistic in approach with a huge range of local eateries and shopping and attracting the affluent classes from the leeds area.
Investment Highlights:
54 luxury I and 2 bed apartments
I Bedroom from £144,500
2 Bedroom from £175,000
Parking included
High quality finishes throughout
all apartments
Great living area for working
professionals, students and post
graduates
Perfect for international students
as only I mile from the main universities in Leeds
Investor friendly payment plan, 25% on exchange, 75% balance on completion
Sanjit Dhanjal
8th April 2019
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