Landlords with Properties in Leeds Benefit from Strong Yields & Capital Appreciation
Posted: 15 August 2017
By:Siobhan McNichols
By:Siobhan McNichols
An expanding economy and job market have sparked a growing demand for residential properties in Leeds, which, coupled with a shortfall in supply, has served as catalyst for rising rents and yields across the area.
The latest quarterly report by Lendinvest shows this Northern city to be in the top 10 postcodes across England for rental price growth, with the average increase recorded in the city set at 6.44% in June.
With falling availability for city centre apartments and rising residential rents, there is also an immense untapped potential for development in Leeds’ South Bank, an area that mainly includes the ward of Holbeck.
This suburb has seen improved accessibility to Leeds’ train station with the recent opening of a southern entrance and has benefitted from an increasing concentration of professional firms, predominantly in the creative sectors, moving to the area.
According to Rightmove, house prices in Holbeck have seen substantial rises, with landlords owning property in the area seeing a capital appreciation of 111% in just 5 years, as property values around the LS11 postcode rose from just £56,000 in Mar 2012 to £124,000 in Mar 2017.
An exemplar project located in South Bank is Holbeck Haus, a three-storey residential development of unique architectural style, boasting modern aesthetics to satisfy the growing demand from creative occupiers – offering one and two bedroom apartments from just £104,995.