Think luxurious 1 and 2 bedroom apartments in the midst of the hustle and bustle of a thriving city centre, yet far enough away to be able to enjoy the peace and quiet whenever you want to switch off. That’s exactly what Leeds’ latest residential development X1 Aire offers: situated right on the edge of the city centre, these 147 exquisite buy-to-let apartments are an ideal addition to the investor market, at a starting price of just £105,000.
The answer to this is quite simple: Leeds is one of the UK’s most flourishing cities in terms of economy and business activity, as it is one of, if not the financial industry hotspot outside of London.
This prosperity manifests itself in the form of relocating businesses, inward migration and the subsequent growing demand for rental accommodation. To accommodate this increased demand for rental properties, both residential and commercial, Leeds is seeing large amounts of regeneration. Take the South Bank project for instance – a 136 hectare redevelopment scheme reaching from Holbeck Urban Village all the way to Leeds Dock. It isn’t just one project, but rather a collection of many spread over the next few decades, including a new railway station, office space and a number of residential schemes.
Leeds’ South Bank is situated opposite X1 Aire, across the River it takes its name from. The intensive regeneration will create a much more dynamic atmosphere in the Southern area of Leeds’ City Centre, meaning that demand for rental accommodation there is certain to experience a huge upsurge. X1 Aire caters exactly for that – with average house prices currently more affordable compared to other cities across the country, Leeds offers early bird investors the potential for real capital appreciation on their investment, as demand is set to increase drastically over the next years.
Leeds is already a leading city in the UK, but with a growing number of businesses relocating in an area that is continuously improving thanks to regeneration schemes such as the South Bank, this is merely the beginning of Leeds’ success story. This is exactly why right now is the most opportune time to invest into the city’s property market to secure high returns and ensure capital appreciation – with an excellent location, competitive pricing and high quality exterior and interior design, X1 Aire proves itself as the perfect introduction to investing Leeds’ booming property market.