Even in the troublesome political times that we’re experiencing, property remains one of the best ways to invest your money. Those of you who’re thinking about their next investment in Leeds might be wondering where to put their money.
Of course, when thinking about such a substantial investment, there are important things to consider. Which areas are receiving the most infrastructure investment? Which area are young professionals moving to? Where do young couples want to rent? These are just a few of the questions you might be asking yourself.
Across the 29+ postcodes in Leeds, there’s a vast spectrum of areas, each with unique positives and benefits. Some are more affluent, offering higher rents but require a bigger upfront investment. Others are on the brink of regeneration, meaning property prices are likely to inflate over the coming years.
In this article, we’ve combined the data we have available in terms of average rental prices for each postcode and the average house price.
We’ve used this data to establish an average yield for each area, to help you understand which areas of Leeds might offer the best return on investment. We’ve grouped LS1, LS2 and LS3 together, as they’re all considered Leeds City Centre.
It should be noted that this data is presented for illustrative purposes only and we advise that you make further considerations, and talk to our expert letting advisers about your next investment for more detailed advice which is specific to your circumstances.
*Data is taken from Zoopla - Yield percentages will vary based on data sources - Speak to our local branches for up to date information on investment opportunities.
Looking at the data, it’s interesting to consider the diversity of the areas represented in the numbers. With postcodes from every corner of Leeds, it shows that there’s plenty of opportunities.
Top of the list is LS4, which includes Burley and Kirkstall. With the opening of a new train station, a major new homes development nearly complete and exciting things happening within the community, they offer great potential for people wanting somewhere to invest.
Places like Chapel Allerton, Collingham and even the City Centre also appear on the list, the demand for rental properties in these areas is rising. Great connections to nearby towns and of course the city centre mean that many renters are interested in the areas.
What’s more, over the next decade, Leeds is primed and ready for intense investment and development. The arrival of Channel 4 and other big businesses promises to bolster Leeds’ already thriving reputation.
With that in mind, it’s unsurprising that the demand for rented homes is set to continue over the coming years. Places with great transport links into the City Centre are in high demand with young professionals, a growing demographic in Leeds.
Although the data offers a great insight into the various locations in Leeds which are best suited to those looking for a Buy-to-let investment, there are other things that you’ll need to consider. It can often feel like an overwhelming process, which puts some people off. But fear not, our expert team are on hand to guide you through.