Investing in Leeds has been a buy-to-let investment hotspot last year.
Leeds a growing economic hub and the benefits this has for investors.
High rental yields & ROI’s
Leeds’s economy is one of the fastest growing in the UK and is expanding at an incredible rate. Leeds now accounts for 5% of England’s overall economic output and is the UK’s largest legal and financial hub, outside of London. Moreover, the average property prices in Leeds are relatively low compared to the rest of the UK. The average house price in Leeds is currently around £250,000. This provides great opportunities to investors, as prices are expected to rise.
With Leeds’s economy growing, many professionals are relocating to this area. Leeds is predominantly a renters market, 73% of households rent. Unlike its property prices, rents are not that low. Leeds’s monthly average rent is £850. This is great for investors as Leeds offers incredibly strong rental yields, with the average yield in Leeds being above 5%. As this area is growing at a very fast pace the demand for quality apartments is also growing. This means that for investors, Leeds offers very strong yields, good tenants, and ROIs.
Leeds investment property is a great option for student housing investors in addition to being a secure investment for those renting to professional tenants. Nearly 40k individuals study full-time in Leeds which boasts a lively student community. And since so many students need places to live, buying student housing in Leeds is sure to be in high demand.
Yorkshire is locally known as God’s own County. You may experience Ilkley Moor, Fountains Abbey, the historic city of York, or the lovely spa town of Harrogate within 30 minutes of the rush and bustle of the city. Moreover, the Yorkshire coast is equally remarkable. This offers easy access to rural areas, white sandy beaches, and vibrant traditional seaside resorts.