I urgently need some info or views on recent build apartments in Leeds (LS1) please. Does anyone know anything about the following developments?: The Quays, Concordia St or 19 Wellington St or Whitehall Waterfront. I'm looking to get a feel for current sale &/or rental demand and £/SQ Ft levels. Does Leeds suffer from the over supply problems seen in Manchester for example? Any information would be much appreciated. Will

Hi Will, I also posted an enquiry regarding Leeds but unfortunately I have received no replies either. Have you managed to gather any information regarding this topic from any other sources? Once I gather some info I will post it on to you. Shane

I have 16 flats in Leeds. Most bought well before the the boom and have done very well in terms of appreciation. Rental's are now struggling. There is a lot of supply out there and people are struggling to not only rent their properties, but get the price they want. Especially for buy to let investors. I initially bought my places in cash, but 2 years ago starting releasing capital to invest over-seas. Take it from me you will struggle to pay the Mortgage on a buy to let investment in Leeds with the rent. I have had to refurb all my flats in the last month. I would avoid buying in Leeds. It really is done. Hope that helps Chris

I have 16 flats in Leeds. Most bought well before the the boom and have done very well in terms of appreciation. Rental's are now struggling. There is a lot of supply out there and people are struggling to not only rent their properties, but get the price they want. Especially for buy to let investors. I initially bought my places in cash, but 2 years ago starting releasing capital to invest over-seas. Take it from me you will struggle to pay the Mortgage on a buy to let investment in Leeds with the rent. I have had to refurb all my flats in the last month. I would avoid buying in Leeds. It really is done. Hope that helps Chris

Thank you for that Chris. I was only considering Leeds as I am potentially being offered some tennated recent build flats from an over-extended investor at a substantial 'real' discount to market. I take on board your points re the difficulties of finding tenants at the right price. I pretty much expected that and have factoed it into my bids. Once again your reply much appreciated. Regards Will

Will, if your getting a discount then it could well be a deal worth doing. Im sure i don't need to say this but getting someone in to value them in the 'real market terms' is critical and get a survey done. If your wanting to rent them out, Morgans in Leeds are deff the best in the City at getting flats rented (i've yet to see a letting agency that are top notch) I think they charge 12.5%, i pay 10% but i do have a lot of property with them, however deff haggle with that % and they may budge it a bit. It all counts Chris

Thank you Chris - that is very helpful. Will