All 27 one- and two-bedroom residential apartments in Addington’s newly re-developed apartment block at Headingley Park, Leeds are now under offer within 2 weeks of launch.
Launched and managed by AddLiving, the specialist residential management and leasing company, this is the fourth block Addington, has redeveloped on the Headingley Park site, which it first acquired in JV in August 2014. Stockdale House is now the only remaining office building on the estate. Park House, the fourth building takes the number of residential units ADDLiving manages at Headingley Park to 152.
Headingley Park is in a beautiful parkland location of about 5.5 acres which is easily accessible to Leeds city centre. It has been redeveloped to the highest quality and has attracted strong interest from Leeds’ growing young professional market.
Erdal Kacar, Head of Operations at AddLiving said, “Leeds has an estimated population of around 780,000 which makes it one of the top four largest cities in the UK. It has a vibrant student and young professional population, but a shortage of suitable quality property to rent. We have been overwhelmed at the take up in the first two weeks of launch.”
The news bears out a report just produced by international law firm CMS “Urban Being – The Future of City Living” which surveyed 6,500 people living and working in either London, Manchester, Glasgow, Berlin, Amsterdam and Paris to uncover the preferences of consumers when it comes to their living environment. The report revealed that:
With 67% of respondents across all the cities either in debt or just breaking even each month, saving for a deposit has become more difficult than ever. As a result the report claims:
• 56% of respondents agreed that owning a property is becoming less important
• 69% believing that their government should encourage more homes being available for rent
• Superfast internet is the most important requirement in accommodation
• Energy conservation is a priority -with smart meters to control energy use and electric vehicle charging points as the two most popular requests
• 56% of milennials want to be able to keep pets in their homes
Kacar continued: “As people, the younger generation in particular, are placing more value on experiences rather than things, the rental sector will continue to boom. Customer service will become even more important. I am delighted we have met such demand at our Headingley site. And yes- we allow pets too!”
Headingley is one of three Yorkshire PRS schemes redeveloped/refurbished by Addington and managed by AddLiving. Addington acquired, refurbished and sold 183 units in joint venture at Waterside, Leeds and also has a large PRS scheme in Sheffield: Velocity Village of 371 apartments, which AddLiving manages.
