Michael Moore, Moores Senior Partner, says:
“This is an area of Leeds experiencing some significant infrastructure improvements. The recent Kirkstall Bridge complex is now complete, and the Kirkstall train station is up and running, with the residential part of the scheme to come ‘on-line’ in the next year or two. Directly across the road from this property is a prime piece of real estate; plans have been approved for a mixed residential/commercial development. Once that’s complete, this part of Kirkstall will be very, very, desirable. I can see rents and capital values rising significantly in the future.”
Rachel Abbott, the Negotiator looking after this sale, says:
“One bedroom flats which are sold as investments typically achieve £75,000 to £100,000 and return between 5.5% and 6.5%. Here’s an opportunity to buy four flats for less than £50,000 each and see an immediate 7% return. The kitchens, bathrooms and decor are reflected in the very reasonable rents being charged. With improvements we could easily see the rents between £400 and £500 pcm. With a few thousand pounds invested in each flat you could achieve a 10%+ return on the capital invested.”
From the junction of the A65 Kirkstall Road, Abbey Road, Commercial Road at its junction with Kirkstall Lane by the Morrisons and Kirkstall Bridge shopping complex proceed north up Kirkstall Lane past the Sports Centre towards Headingley. This property can be found on the left-hand side just before the next set of traffic lights set back on the slip road.A brief history of this area
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