Is Leeds a good place to invest in Property?
Located in West Yorkshire, Leeds is one of the best cities to invest in property in the UK because it is a student city, and this offers a lot of opportunities for investors. With so many students in need of a roof over their heads during their studies, Leeds is an opportunity from this point of view.
Leeds has been named as the best city in Britain when it comes to the quality of life, beating the likes of London, Manchester, and Edinburgh in a new global ranking. It placed 26th out of 100 cities around the world – and the highest in the country – in the Sustainable Cities report published by leading infrastructure consultancy Arcadis today. Living in the center of this town offers added value from many different points of view.
Why Invest in Leeds?
In recent years, property investments have once again become attractive to many investors attracted by Leeds opportunities.
Leeds is a growing city, with investors from all over the world wishing to start their businesses or settle down in Leeds. If you have decided to invest, properties in Leeds had an overall average price of £202,802 over the last year, according to Rightmove.
Rental rates are also pretty strong and it could not be otherwise as, to many, Leeds is considered a student city and for this reason, property owners can easily rent out their flats either to students or to the young working class.
High Demand from Students
The University of Leeds is one of the most important universities in the UK. As a matter of fact, the area registers a large number of young people, the majority being students at the top institutes of West Yorkshire county. For this reason, the demand for accommodations is very high. An investment in this city cannot be a wrong move. Leeds is home to over 60,000 students spread across three universities, making it one of the largest student cities in Britain.
High demand from Business
According to leeds.gov.uk, over 32,000 VAT-registered businesses are based in Leeds and more than 6,000 small and medium-sized enterprises, which account for more than half of employment. The number of mid-size and large companies and organizations based in Leeds is significantly above the national average. With such a large number of businesses in the areas, there is no doubt that the demand for offices is high.
The Top 11 Leeds Buy to Let Areas
Location is key for the success of any buy-to-let investment. It’s important landlords take the time to research property investment areas before making the decision. When making an investment, you must take into account the location, facilities in the area, transportation, etc.
In terms of cost, investing in top Leeds buy to let areas largely depend on the rental market of the area they are located in.
- Armley – From £179 pw
- Chapel Allerton – From £160 pw
- Guiseley – From £167 pw
- Halton – From £81 pw
- Headingley – From £125 pw
- Hyde Park – From £163 pw
- Kirkstall – From £65 pw
- Leeds City Centre – From £311 pw
- Meanwood – From £80 pw
- Moortown – From £185 pw
- Woodhouse – From £104 pw
*** For a fair price please contact our local office, calling 0113 2242 808.
With the changes in the financial and property markets in this hard 2020, buy-to-let is remaining a popular choice for investors. However, with more and more students getting into this area, investors are having to look further afield in order to find the best deals with the greatest returns in Leeds.