Landlords with Properties in Leeds Benefit from Strong Yields & Capital Appreciation
15 August 2017
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.
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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.