X1 South Bank set to draw property investors to Leeds city centre with 6% yields
The X1 South Bank development in Leeds is set to provide high-quality and reasonably-priced accommodation in the heart of the city, helping to address the current shortfall in the area.
Leeds - a growing economy and a growing population
The Northern Powerhouse initiative has seen the economy of the north of England go from strength to strength and the forthcoming arrival of HS2 looks set to take it to the next level. While transport links in the north of England are already very good, HS2 will reduce journey times to London.
This will not only make it easier to connect with businesses in the capital itself, but also make it easier to reach London’s airports and thus connect with the whole world, since London’s airports are, effectively, the UK’s air transport hub and thus cover far more of the globe than their regional counterparts. This economic growth has, naturally, led to population growth, with a corresponding demand for high-quality accommodation, at a reasonable price and in the right location. The X1 South Bank development will satisfy all of these criteria for anyone interested in property investment in Leeds.
X1 South Bank - the perfect location in the centre of Leeds
The X1 South Bank development in Leeds is located in the popular Dock area, which has played a fundamental role in the regeneration of this vibrant city. As well as being just a short distance from many local employers (and literally within walking distance of Leeds City College’s Printworks Campus), it is also a key transport interchange, which, of course, appeals to commuters. It is set to become even more popular with those who have to travel for work as it is very close to the planned HS2 station, construction of which is already well underway.
There’s also plenty to enjoy close to home, in fact the X1 South Bank is at the heart of everything Leeds has to offer from practical facilities such as the Crown Point Shopping Park, which is just a short walk away, to family fun on the local go-karting track and at the Leeds Discovery Centre to some of the best local nightlife in Leeds (which is saying something).
High quality at an affordable price
One particularly notable feature of the development is that close attention has been paid to not only the building but also the surrounding areas. In the case of X1 South Bank, the development will have a green space on one side and a 1,250 square metre public square on the other side, hence being assured of great views regardless of their specific position in the development.
Phase 1 of the development will comprise a total of 11 townhouses (each with three bedrooms) and 116 apartments (with between one and three bedrooms). The one-bedroom apartments will have a floor area of 42 square metres and be priced from £139,995 and the floor space will increase proportionally with the number of bedrooms, so that the three-bedroom apartments will have a floor area of 86.70 square metres and be priced from £239,995, while the townhouses will have a floor area of 98 square metres and be priced from £325,000.
For more information on X1 South Bank in Leeds, please contact Hopwood House.