Case Studies: Platform 1, Headingley
Developer: Mode
Development: Platform 1, Headingley, Leeds
GDV: £2.42 million
Scheme: 16, 1 & 2 bedroom apartments
CALA Finance and MODE Property Developments have joined forces to develop a new £2.5 million residential apartment scheme in the vibrant north Leeds suburb of Headingley, adjacent to the Railway Station...making it almost impossible for the residents to miss the train to work!
CALA Finance are fully funding the aptly named development - 'Platform1', which will offer 16 contemporary designed apartments, located just off Kirkstall Road, on the former Fourways coach depot, which is being developed by local property entrepreneurs Mark Whitehead and Fraser Clark of Mode Property Developments.
It will offer young professionals, first time buyers and investors alike a fantastic opportunity to be part of the lively Headingley with its many bars; restaurants and shops, which are just 5 minutes, walk away. In addition the scheme has fantastic transport links - Leeds City Centre is just 5 miles away and 10 minutes by train from the nearby railway station.
Platform 1 has been designed to offer a secure, yet attractive environment for residents with private on-site parking and set in a fully landscaped grounds. In addition, the contemporary and exclusive 4 one-bedroom apartments and 12 two-bedroom apartments are in an ideal location and have an affordable price tag. Prices will start from £124,995 and is due for completion in March 2008.
Fraser Clark of Mode Property Developments Comments:
"Platform 1 is another exciting new development for Mode Property in what we consider to be a fantastic location. The Collaboration with CALA Finance represents a further step forward for Mode Property Development in terms of greater buying power for land acquisition and development. Furthermore, we have been able to call on CALA Finance's experience in the residential property sector.
He continues:
"Given the initial interest in the scheme we are confident that Platform 1 will be a great success and that further developments will be ventured between our two companies."
David Whittaker, Managing Director for CALA Finance (Yorkshire) who are providing 100% funding for the development adds:
"We recently carried out some research which highlighted that new homes buyers are prepared to pay up to 20% more for a location close to good public transport, the Platform 1 is in an excellent location - with almost immediate public transport links as well as being within close proximity to the many amenities on offer in Headingley - we are confident that the scheme will be both popular and successful."
