Landlords
Tenants
03/03/2023
As your local property experts, we thought we’d share with you our insight into the Leeds property market and give you an update as to which areas are set to take off this coming year in terms of investment properties.
1. Beeston
Beeston is a real up and coming area, with a population of over 22,000 diverse residents and planned expansions in infrastructure by the local council, the future is looking as bright as the street lamps that dot the well-lit streets across the area.
Average house prices are just shy of £127,500 which means in proportion to the UK average of £260,230 the difference is huge, as the average UK price is double the average price of a property in Beeston. All the more reason to snap up property now before the inevitable rise.
2. Hyde Park
Hyde Park is well established in the Leeds property market as the Go-to regarding any type of buy-to-let investment. And with an average property price of £222,756 just below the UK average of £260,230, it’s a complete no-brainer.
Hyde Park is a famous destination for students and tourists alike due to its vibrant nightlife and high-quality street food and restaurants. It is within close proximity to the city centre proper, the University of Leeds, Leeds Beckett University, Leeds Law school and the Leeds general infirmary alongside the famous Woodhouse moor and Burley park, so there’s no shortage of places to go.
3. Harehills
Harehills is an area of Leeds that’s slowly finding its way into the spotlight, having been known alongside Chapeltown to be a high-quality area in the past prior to the collapse of the British manufacturing sector, we are beginning to see a shift back to this status post-2011 with the growth of the services sector in the inner-city area.
with an average house price of only £108,401 substantially below the UK average of £260,230 It’s highly recommended to buy a property in this area. In a certain postcode, a house was sold for £95,700 in 2017, but that same property is now worth £140,000 in 2022. The ROI is incredible.
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switch properties are your local property experts in the Central and South Leeds areas.
Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.
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