Leeds Property Investment | Our Essential Guide

Last updated: June 2022

Are you considering a property investment in Leeds?

In this article, local property price and rental yield data are presented to help you decide.

 

Leeds, West Yorkshire is the biggest city in Yorkshire and was built around the River Aire.

Due to its location and size, Leeds has a fantastic variety of transport links. Road, bus, rail, and air link Leeds with the rest of the UK and beyond.

Leeds railway station is the 3rd biggest in the UK - only London and Edinburgh have bigger stations. You can get the train from Leeds to just about anywhere in the UK - Birmingham, London, Manchester, Edinburgh, and Newcastle are just some of the major UK cities you can easily travel to.

Car journeys to various UK destinations are straightforward as Leeds is connected to all major road networks. The M1 and A1 south takes you to London or the East Midlands, the A1 (M) north is for travel to Newcastle and Edinburgh, or use the M62 west for Bradford, Manchester, and Liverpool.

Leeds-Bradford airport is just a short journey (6 miles) from Leeds with bus services running every half hour direct to the airport.

Population Trends

Major Employers

Leeds has a booming economy that is forecast to continue growing. This is great news for anyone starting their career or has recently graduated.

There are several major employers employing more than 1,000 people in the area - this includes Asda, First Direct, Centrica, BT, Direct Line Group, and Yorkshire Bank.

Leeds is also home to Europe's largest teaching hospital and has three internationally recognised universities. These institutions provide thousands of employment opportunities.

Local Colleges and Universities

Education in Leeds is world-class thanks to the city having several universities.

Established in 1904, the University of Leeds is one of the biggest universities in the UK and is world-renowned for teaching and research. They are ranked in the top 100 universities in the world and top 10 in the UK for research.

Leeds Beckett University is a modern university with a diverse student community. With more than 28,000 students and a history dating back to 1824, the university offers a great educational experience and vibrant student life.

The University Centre Leeds serves 26,000 students for a variety of courses. This university is popular for anyone wanting to do a foundation degree.

Higher education for the arts is available at Leeds Art University. The university has a superb reputation and leading artists including Damien Hirst, Henry Moore, and Dame Barbara Hepworth all attended here.

Leeds Trinity University opened in 1966. Although smaller than the other universities, they strive to provide a more personal learning experience. Leeds Trinity offers excellent student accommodation, great facilities including a gym and library that is open to all, and easy access to Leeds city centre.

History of Leeds

Humans first appeared in the Leeds area in the Stone Age and later the Romans built a settlement in the area. The first recorded mention of Leeds was by the Venerable Bede in 730AD. After becoming an Anglo-Saxon settlement, and later ruled by the Normans, the roots of what becomes Leeds the city was put down in 1207 when a new town was developed on the site.

By the 17th century Leeds was thriving thanks to the textile industry and in particular the wool trade. At the start of the 20th century the population of Leeds had soared to more than 420,000 people. This growth was driven by the industrial revolution, the development of better transport links, and local resources that helped Leeds cement its place as a key city in the UK.

During the 20th century there was a decline in the industries that made Leeds great. However, the city has reinvented itself and today is a leader in financial services, insurance, and publishing.

Property Prices In Leeds

Investing today with a view to the projected resale value of your property is vital for achieving capital appreciation. Reviewing accurate, historic price information can help inform your growth projections.

Flat prices in Leeds

The average flat price in Leeds was £142,187 in 2021.

Price growth averaged 34.12% for flats in Leeds for the period 2011-2021.

Graph  of Flat Prices In Leeds

Flat prices in Leeds

Flat prices in Leeds source: UK House Price Index
Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Average Price 123,445 118,092 104,811 106,018 103,594 101,109 100,815 106,189 111,257 118,900 126,227 129,394 130,977 133,358 142,187

Terraced house prices in Leeds

The average terraced house price in Leeds was £174,069 in 2021.

Price growth averaged 47.94% for terraced houses in Leeds for the period 2011-2021.

Graph of Terraced House Prices In Leeds

Terraced house prices in Leeds

Terraced House prices in Leeds source: UK House Price Index
Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Average Price 130,134 125,099 111,624 117,658 114,048 113,325 113,640 120,700 126,657 135,255 140,805 147,339 151,297 157,923 174,069

Semi-detached house prices in Leeds

The average semi-detached house price in Leeds was £226,698 in 2021.

Price growth averaged 51.64% for semi-detached houses in Leeds for the period 2011-2021.

Chart of Semi-Detached House Prices In Leeds

Semi-detached house prices in Leeds

Semi-Detached House prices in Leeds source: UK House Price Index
Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Average Price 162,450 156,513 140,581 149,500 145,865 144,371 144,878 153,958 162,334 173,809 181,557 191,050 197,062 205,924 226,698

Detached house prices in Leeds

The average detached house price in Leeds was £390,825 in 2021.

Price growth averaged 53.79% for detached houses in Leeds for the period 2011-2021.

Graph of Detached House Prices In Leeds

Detached House Prices In Leeds

Detached House prices in Leeds source: UK House Price Index
Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Average Price 270,434 263,980 237,217 254,133 251,186 245,938 247,871 261,570 276,155 295,852 310,689 326,165 335,573 350,577 390,825

Leeds Rental Yields

Researching local rental yield information offers valuable insights into whether a property investment is likely to be profitable.

As of June 2022, Leeds rental yields ranged between 2.6% and 8.5% (source: propertydata.co.uk).

Data Sources

Property prices are from House Price Index Reports published by HM Land Registry.
Rental yield data is from PropertyData . Population data is from CityPopulation.
Peter D Doherty

Peter D Doherty is the founder of the Property Investor Academy.

A Masters graduate in accounting and finance from Dublin City University, Pete worked in the City of London for 14 years. He held senior finance roles (Financial Controller) in several substantial UK commercial banks. He is a graduate of Macquarie University.

With over 10 years property investing experience, he is the owner of a London based lettings agency as well as proptech consultancy. He regularly contributes to online landlord forums such as Propertytribes and Reddit.  Peter is a member of National Residential Landlords Association (“NRLA”).

https://uk.linkedin.com/in/peter-doherty-tal
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