Member Article

York development offers Yorkshire landlords unique buy-to-let opportunity

A new luxury residential development in York, which is set for its first phase completion in Q1 2022, will offer an array of buy-to-let opportunities for landlords in the region.

Despite challenges like the ongoing pandemic, Brexit, and changes in taxation creating an uncertain future for the property market, overall demand for rental properties is expected to remain strong.

The new development, which is situated on the former gas works site in Heworth Green, is set to provide a new standard of living for York residents, just a short walk from the Minster.

The site is being developed by North Star, with sales conducted by Hunters Estate Agents, offering landlords a rare opportunity to purchase brand new property, just outside the city walls, on a buy-to-let basis.

Across five buildings, The Gasworks will comprise of 215 residences designed and finished to the highest specification. Apartment types offered will include studios, one, two and three-beds, duplexes, and penthouses.

Built with the future in mind, the development will be sustainably designed using energy efficient methods and materials to reduce environmental impact and maintain property longevity.

Carrie Alliston, Group Lettings Director at Hunters, said: “The new neighbourhood will be well-suited to landlords seeking properties which are both desirable for tenants and straightforward to manage.”

Services for landlords include:

• Full online managing support
• 24/7 management through digital platform
• Full payment service for mortgages and outgoings
• Automated rental payments and live balances
• Full yield management tools
• Landlord utility discounts
• Property maintenance scheduling connected to full concierge support
• Front desk services for key holding and post
• Storage services

Alongside the residential development, The Gasworks will bring retail and recreational spaces to the previous brownfield site.

This was posted in Bdaily's Members' News section by Jess Hodgson .