City apartments are evolving and as developers prepare to start work on several new residential developments in Leeds city centre that were mothballed during the downturn, we decided to find out what residents want from the next generation of apartment schemes.
We recently surveyed hundreds of our tenants about themselves and their priorities when it comes to looking for their perfect apartment. Almost half, said finding a good-sized, light, airy apartment in a central location are priorities in their property search. Just over 80% of respondents also said utility costs are an important consideration and 44% said a balcony is a crucial feature.
The research also revealed that 48% of city apartments are car free and only 10% of apartments require parking for two or more cars. In addition almost 80% of people said having an immediate broadband connection is imperative, 65% want good sound insulation and 56% of people revealed they would pay a premium to live in a building with an on-site gym.
Plus, contrary to popular belief, more than two thirds of respondents don’t think it is important to have an open plan living and kitchen area and less than a fifth are concerned about being part of a community within a development.
Also, for any developers ‘building to rent’ 76% of tenants want furnished properties and 43% of tenants said it is essential to rent from a reputable landlord. Two thirds of tenants also wanted the option of a longer or shorter tenancy rather than a standard six-month agreement.
Leeds city centre desperately needs new apartments because our figures suggest that out of 11,000 city centre apartments, only about 100 are currently sitting empty. However, even though demand is outstripping supply, developers still have to give residents what they want and for the next generation of developments features such as energy efficiency, on-site gyms, fast broadband and good sound insulation should all be the norm.