Michael Moore, Moores Senior Partner, says:
“I’ll leave Kristy to talk about the flat generally. I’ve been considering it purely from an investment angle. These flats rent really well and offer a good yield. Rents a couple of years ago were around £600 pcm, but there have been very few changes in tenants since then, I’d expect rents today to be closer to £650 pcm, if not up to £700 for a nicely presented flat. This sort of rent would show a gross yield close to 7%, which in Leeds is pretty exceptional. Net of the Ground Rent and Service Charge you’re looking at just under 6%, which compares very favourably with freeholds, yet with a freehold the landlord has to look after the exterior, insurance etc. A potential buy-to-let to seriously consider.”
Kristy Marsden, the Negotiator at Moores who is handling this sale, says:
“Kirkstall is really popular now, both with owner-occupiers (especially first time buyers) and tenants. So whether you’re buying this flat to live in, or want it as a buy-to-let investment, you can’t go wrong. Local shops cater for the incidentals that you’ve forgotten at the supermarket, but with Morrisons and the M&S Foodhall less than 3/4 mile away at Kirkstall Bridge picking up shopping on the way home from work is a doddle. The Kirkstall Forge train station is less than 10 minutes walk away, which is perfect for anyone working in Leeds or Bradford, or for those who need access to the national rail network.”
From Kirkstall Abbey on the A65 Kirkstall Road/Abbey Road, proceed west along the A65 with the Abbey on your left. Continue past the tennis courts and Rugby Club and take the right turning after the hand car wash into Abbeydale Way. Follow the road around to the left onto Abbeydale Mount and then turn right up Woodhall Drive. At the top of the road turn left into Vesper Road and Valley View can be found on the left-hand side.A brief history of this area
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