In 2016, Leeds was named the top buy-to-let ‘hot spot’ in the UK due to its combination of low entry purchase prices and exceptional returns. This trend is set to continue for 2017.
Leeds is the UK’s fourth-largest city with a population of around 790,000. It’s the largest legal and financial sector outside of London.
The average property return currently sits at around 8.1%. Wage growth in the city is exceptionally strong at 4.6% year-on-year, indicating a growing economy. This increasing affordability leads to impressive capital appreciation over time, securing Leeds’ status as a major property hot spot.
The average price of a 3 bedroom property is circa £85,000. The returns on single let properties sourced by Lifestyle Property People typically start from 10%.
What makes Leeds A Great City for Property Investment:
The new HS2 Rail Link planned will shorten journey times between Leeds and London to just one hour 23 minutes.
The University of Leeds ranks within the top 10 in the UK and one of the world's top 100 universities. The student population is expanding with numbers increasing year on year. There is a strong demand for international students seeking accommodation.
In terms of regeneration, Leeds secured the largest growth deal in the UK. According to Leeds City Region Partnernship, the UK government announced its historic £1bn Local Growth Deal to create tens of thousands of new jobs. This will accelerate economic growth across the entire city region.
Research by Assetz Property found that the average disposable income is higher for people living in Leeds than London and Leeds provides a better quality of life.
The Leeds’ property market is far more stable compared to London’s more volatile Property Market. The house prices and rental prices have risen significantly suggesting values on both are overheating.
Lifestyle Property People have been sourcing buy to let properties in Leeds since 2013. We now operate a portfolio exceeding 50 units and offer exceptional customer service.
The Leeds Property Market provides the opportunity to supplement or replace your income by investing in high cash flowing assets, close to the city centre, but still at relatively low entry prices.
To benefit from Leeds thriving property market, why not leverage our team of experts to find you an exceptional investment opportunity?
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