Property Investment Leeds
Leeds has been highlighted as one of the most exciting property markets in the UK. It has been tipped as the standout market to keep an eye on for rental growth, second only to Manchester, making property investment in Leeds a wise choice for anyone with the interest, capital and means.
Read on to find out more about Leeds property investment, including past and future market performance, a list of the best spots for buy to let in Leeds, and an overview of the city.
Leeds: A Summary
With an economy worth £66.5bn per annum, Leeds is growing at a remarkable rate. The local government has indicated that over the last 10 years employment has been boosted by the city’s economic growth of circa 40%. The Leeds City Region is the UK’s biggest economy and population centre outside the capital according to the local council.
Plus, the city is the largest contributor to UK GDP in the Northern Powerhouse, with it boasting the highest growth in private sector jobs in the UK.
And it’s well connected too. Leeds is the focus of the region’s primary road network and it is also a principal hub of the national motorway system, linking up with the rest of the country via the A1(M), M1 and M62 motorways.
These strengths provide the ideal basis for sustained growth in the future, making Leeds an excellent long-term choice for buyers. We are a property investment company in Leeds that can help you find and purchase a high-potential property in the city.
At the centre of the northern powerhouse, Leeds has all of the fundamentals for property investment.
First, high demand from buyers and renters massively outstrips supply. As a result, Leeds is beginning to experience good capital and rental growth, which is forecast to continue and makes the city an exciting opportunity for those who buy early.
Second, the city’s affordable buy-to-let prices make it a popular choice for investors as strong yields are highly realistic.
Furthermore, there are plenty of regeneration schemes across Leeds, such as the South Bank project. South Bank, one of Europe’s largest urban regeneration initiatives, will double the size of Leeds city centre, provide 35,000 jobs, and deliver 8,000 new homes.
The city’s regeneration will only continue to stimulate the property market and local economy.
Leeds City Centre
The city centre is the main area to consider when looking to invest in Leeds. Properties in this area benefit from high tenant demand as city centre living appeals to both students and young professionals. In addition, city centre properties usually generate strong yields and capital growth, as is shown in the property market data section above.
Headingley has a reputation as an area with a large student population. As such, it attracts investors looking to capitalise on purchasing buy-to-let properties suited for student lets. This area has also become very popular with families and young professionals because it provides easy access to central Leeds and the rest of the UK via its excellent transport links.
Armley, Hunslet and Beeston
Found to the west of Leeds, these areas are dominated by terraced housing. House prices tend to be lower, so it can be quite a popular region with investors. If you are investing here, just bear in mind that certain parts of Beeston have ‘selective licensing’, which comes with a financial cost as well as having to meet certain standards with a rental property.
Other areas of Leeds you might want to consider are Woodhouse, Burley, Hyde Park, Pudsey, Morley, Roundhay, Moortown, Alwoodley, Adel, Horsfort, Crossgates and Garforth. Each has its own pros and cons, so feel free to get in touch and ask us about them to learn more.
Frequently Asked Questions
In our opinion, Leeds is an excellent place to invest in property, although as it stands there are equally as good (if not better) opportunities to be found in nearby Manchester and Liverpool. Nonetheless, if you’re looking to beat the curve and get into the next major property hotspot early, then Leeds definitely has the fundamentals any investor should be looking for.
According to Zoopla, the average price paid for a property in Leeds over the last 12 months is ££246,243. However, the average price paid for a flat in the past 12 months is £161,043.
Yes, house prices in Leeds have increased. Data from HM Land Registry shows that between January 2022 and January 2024, the average price paid for a flat or maisonette in Leeds increased by an average £12,310. This upwards trend is expected to continue steadily into the next decade.
Yes, property investors can achieve very strong rental yields from Leeds buy-to-let property as the cost of buying property in the city is still relatively low, yet there is high demand for accommodation from renters. To see yield performance at a postcode level across Leeds, take a look at the graph in the market performance section on this page.
Why Work With Us?
As a property investment company in Leeds and elsewhere across the UK, we pride ourselves on finding high-potential, well-priced opportunities in a clear, ethical manner for our clients. In addition:
- We do not charge any sourcing fees.
- We’re signed up to the Property Ombudsman Scheme to protect our clients.
- We conduct extensive due diligence on all investment opportunities.
- We provide after-sales support.
- Due to our close relationships with property developers, often we can get exclusive discounts or bonuses (like a free furniture pack)
- We’ll help you with any extra steps in your journey, whether that’s finding a mortgage provider, instructing a property management company, or something else.