A new Leeds student accommodation investment in the form of 75 Hyde Park Road has become available. Hyde Park Road is situated just ten minutes’ walk from Leeds city centre and the University of Leeds, making it a perfect option for those looking to study in the city and be close to the nightlife and local amenities. The development comprises 72 rooms over four floors, grouped into three or four bedroom apartments that will each have a kitchen, living space and bathroom. The development has been operational since 2004 and due to its superb location has boasted full occupancy, so investors can rest assured with the property’s proven track record.
When investing in student property in Leeds, you can be assured of the demand. Leeds is home to two universities, the University of Leeds and Leeds Beckett University. Leeds is also the second biggest provider of education in the UK has an enormous student population totaling over 65,000.
Leeds’ vibrant nightlife and relatively low cost compared to other university cities have made it an attractive location to students.
Leeds is considered Yorkshire’s urban jewel. It boasts an interest contrast between the beautiful Victorian architecture and the modern urban redevelopment, making its mark as one of Europe’s most exciting cities. Despite being a thriving, buzzing city, it is located close to the Yorkshire Dales and the Peak District, providing residents with respite from the fast-paced city.
Furthermore, it is conveniently situated halfway between Edinburgh and London, boasting excellent transport links to much of the UK and home to the UK’s second busiest train station.
Rental yields achieved in Leeds are generally much better than many other cities in the UK. The latest research suggest that gross yields of up to 8.5% are achievable in Leeds, and the city’s population generally enjoy a higher of disposable income compared with residents in the south of England, who spend most of their salaries on rent and transport.