North Street Lofts – SOLD OUT!

North Street Lofts – SOLD OUT!

In case you’ve not seen our previous Blogs or posts about the scheme, North Street Lofts is a unique apartment development in the vibrant northern quarter of Leeds City Centre

which has just welcomed ‘Victoria Gate’ shopping centre (home to John Lewis and other major retailers) in addition to the numerous other shops, restaurants and bars recently opened in this exciting area of Leeds City Centre.

North Street Lofts is a former office building converted into eleven one bedroom apartments over four floors, with each apartment having the added benefit of its own storage room on the lower ground floor, ideal for bikes or other belongings.

All eleven properties, which were on sale for £105,950 to £124,950, have now been sold since Practical Completion on 2 August 2016. Nathan Hemming, Director of V1sion Properties, said: “As predicted, there has been a strong appetite from both investors and owner/occupiers because of the recent regeneration of the Northern Quarter as a place to live and work.

The properties are sympathetically designed and finished to an extremely high standard, as all our developments are, and they have also offered strong returns for investors and those looking for somewhere that adds real value to their property portfolio.

As a developer, we are always trying to not only anticipate the market, but to respond to it quickly. The demand for new residential properties to buy and to rent in the city centre is significant”.

This is supported by the asking prices and rental prices achieved at North Street Lofts. The table below shows the rent currently achieved in the building (the other units have been sold to owner/occupiers).

ApartmentRent (PCM)Yield

2 £650 7.4%
3 £650 7.4%
5 £650 7.1%
7 £650 7.2%
8 £695 7.6%
10 £750 7.2%

We are already underway well underway with our latest project ‘New Street Mills’ and have several others in the pipeline. Please call our experienced investment team on 0113 244 0251 to discuss our latest opportunities and register for our quarterly investment newsletter.

V1sion Properties are an independent, family run development company who specialise in conversions and have a genuine passion for bringing unloved buildings back to life.

We started life as a Leeds based Estate and Letting Agency in 2007 and the experience gained in the Yorkshire property market over the last ten years gives us a unique insight into exactly what the local market expects and, alongside our experienced design team, we use that knowledge to create bespoke developments that specifically meet these expectations.