Prices: £112,500
Yield: 6.5%
Completion Date: Completed
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Completed Leeds Development!
Only 1 apartment remains of our 2-storey apartment building, Church Court, in Morley, Leeds. This brand-new development offers a total of 20 one-bed apartments and 6 two-bed apartments. Along with secure gated parking and bike storage, residents can make the most of Church Court’s commutable location to Leeds City Centre, whether by car, bus, or train.
Investors can benefit from impressive yields of up to 6.5%, with high rental demand in the area. We anticipate this development to sell out quickly so make sure to secure your unit today!
Important Details:
- 1 APARTMENT REMAINING
- High yields of up to 6.5%
- 9-min train to Leeds
- Secure, gated on-site parking
- Bike storage facilities
- High rental demand
A City on the Rise
Leeds 2023
Morley is proving a popular choice for young professionals, looking for a commutable town outside of Leeds and feeling drawn to this quaint town’s sense of neighbourhood and identity. The togetherness and pride in calling Morley home are sure to grow this year thanks to LEEDS 2023: Year of Culture, not to mention its profile on an international scale.
Morley is now the largest town in the Borough of Leeds (after Leeds itself), and is quickly becoming an investment hotspot. Morley has been listed in the top 10 places to live in Leeds and often experiences properties being snapped up within 24 hours of them being available.
Property Market to Benefit from...
Leeds South Bank
With community at the heart of this market town, Morley has seen recent improvements worth £24 million to benefit it and entice its growth. This includes making the high street pedestrianised to lower pollution levels and open its space. It allows shops to spill out into the street, both paying tribute to Morley’s heritage and welcoming shoppers who are free to meander the road, almost like a plaza, on the way to the town centre.
Morley is sure to benefit from Leeds’ South Bank Project, too. With an estimated 35,000 jobs, the project will create an improved rail infrastructure. The city’s £69 billion economy will undoubtedly grow as a result– and residents with it. An influx of residents will look to the city’s boroughs and suburbs for more affordable and quieter living, with flexible and accessible commutes.
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Securing a mortgage is a huge financial commitment. Whether you are saving for your first investment or financial planning for your next, it is crucial that you calculate correctly. Use our mortgage calculator to help to determine what your monthly repayments will be. This way you can ensure that the rent earnt covers the repayments on your buy to let property.
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Use this calculator to determine the Stamp Duty Land Tax (SDLT) on your property investment. Stamp Duty is a tax paid by the buyer of a UK residential property. The stamp duty rate ranges from 2% to 12% of the purchase price. However, it can change based upon the value of the property, the purchase date, and whether you are a first-time buyer or not. Also, a 2% surcharge is added to each of these rates for buyers who are non-UK residents.
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Rental Yield Calculator
Discover whether a property is worth investing in. Use our Rental Yield Calculator to work out the rental yields on your investment.
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