New investment and infrastructure projects, high-quality living, and thriving arts and cultural scene continue to attract a range of talent and young professionals to Leeds.
The city’s growth is also underpinned by the region’s nine universities – the largest concentration of higher education institutions outside of London, producing 39,000 skilled graduates each year. Within Leeds city itself, 12,600 students are housed by their universities, while over 30,000 students use the private sector for accommodation.
With so many students in the city, 30% of whom stay on after graduation, as well as young professionals making the most of the city’s diverse economy, Leeds has a healthy rental market. The vacancy rate has nearly halved in the past decade, reaching a low level of 2.5% in 2017. Forecasts look promising with Jones Lang LaSalle predicting that Leeds will have the largest increase in rents compared to Manchester and Liverpool, at 17.1% between 2019 and 2023.
Introducing The Preston: Luxury Living In Thriving Leeds, UK
Leeds, GBP 95,000 - 162,000
The Preston maintains all the charm of its historic limestone industrial heritage while being updated for the modern age. Located on the outskirts of the bustling city of Leeds, just a 4-minute drive to the city centre, The Preston delivers an attractive balance between downtown convenience and residential tranquillity. Easily access key employment and education hubs while enjoying a quieter slice of city life overlooking the impressive Leeds Viaduct in this charming new development.
Facilities And Features
57 units available exclusively for IP Global
High-quality finishes that include timber and vinyl plank flooring
4-minute drive to the city centre, 18-minute drive to Leeds Bradford Airport, a 4-minute drive or 18-minute walk to Leeds University
Location Viaduct Road, Leeds LS4 2AH
Bedrooms 1 and 2 bedroom apartments
Completion January 2021
Rental Yield Up to 7%
Tenure 250-year Leasehold
A Closer Look At The Preston
Leeds’ Economy Is Booming
Population: Population growth 7 times faster than London
Economy: 21% economic growth forecast over the next 10 years
Businesses: More than 32,000 in the city
Investment Continues To Transform The City
With a number of key development and regeneration projects in the pipeline, city living in Leeds is set to reach new heights as cultural, creative and leisure initiatives boost its appeal.
The South Bank project is set to double the size of the city centre as well as its economic impact, creating 35,000 new jobs and 8,000 homes. Part of this project is the proposed HS2 high-speed rail link and £500m railway station. Due for completion in 2032, HS2 will connect Leeds with London in just one hour and 23 minutes and is projected to bring 24,000 new jobs and £55bn to the region’s economy by 2050.
The City’s Cultural Quarter is also set to receive a further boost thanks to SOYO, a £300 million development located to the east of the city centre. Combining office space, leisure space, 700 residential units and 7,500 sqft of retail facilities, the project is set to attract even more notable employers, businesses and house trendy bars, restaurants and green space.
Would you like to find out more about 'The Preston' development? Email us with your details and we will come back to you with further details.
Please contact our team on E: firstname.lastname@example.org or contact us on +44 (0) 207 692 0772.
Would you like to see read more articles like this one? Follow us on Twitter and Instagram for all of our latest updates!
Thank you for reading our blog. Did you enjoy reading our blog? Did you find it useful? Tell us what you think. Sign-Up to our blog and stay tuned for our next one.
*Aegislux Ltd is working together with IP Global Investments to bring you this exclusive property.