Leeds has seen the biggest rebound in house price sales since the coronavirus pandemic in the UK. The city has also had the fourth highest growth in property prices. Whilst the northern city may not be on your radar, the city holds strong opportunities with high yields from buy-to-let investments. North Property Group is a property investment company situated in the heart of Leeds and offers the best buy-to-let opportunities money can buy.
Strong market growth in Leeds
Leeds, perfectly situated for market growth, even after a global pandemic. With affordable housing, and high rental demand, investment properties in Leeds generate some of the best rental yields in the country. Whilst London may seem to be the holy grail for investors, opportunities in northern cities such as Leeds can offer a great returns on investment and can create multiple properties portfolios for the price of a single London asset.
With more buy-to-let developments in the pipeline in Leeds and increasing numbers of major businesses moving offices here, this Yorkshire city is perfectly placed for progressively positive market performance. Rents in Leeds are to grow by over 14% by 2025, with house prices in the region rising by almost 22%.
Zoopla’s Director of Research and Insight, Richard Donnell, said, “The rebound in housing market activity has taken many in the industry by surprise. Welcome news given the projections for falling economic growth and rising unemployment.
“Estate agents and developers are responding. Therefore, using the upsurge in demand to rebuild their sales pipelines and open up their developments.”
There are some fantastic opportunities for your Leeds property investment during 2020. From new-builds to reimagined listed buildings, buy-to-let investors will definitely find a Leeds letting prospect that suits them.
To put this into context, here are three properties that show how much further your money can go when choosing a Leeds property investment over London.
Leeds Riverside Apartments, from £142,000
By making a Leeds property investment of just £142,000 in Riverside Apartments, you’ll own a brand new apartment in the thriving Leeds South Bank area. Also known as Victoria Riverside, this development is strategically situated next to the River Aire and close to some of Leeds’ top employers.
The scheme is due to complete in Q3 2020 and will house 330 one, two, and three-bedroom units. Each apartment is styled for modern living, with high-spec finishes with contemporary design.
Tenant demand is expected to be high, so buy-to-let landlords can expect yields of up to 7%.
A 25% share in a London one bedroom flat, £140,000
The asking price for 25% of this one bedroom apartment in London is just less than the full purchase price of a brand new apartment in central Leeds.
Situated on the fifth floor of an old tower block, this apartment comes with a fitted kitchen and balconies. The flat is located in Borough, where the average rental yield is 2.5%. But as it’s a shared ownership property it’s unavailable to investors anyway.
Leeds V2 Mansions, from £145,000
V2 Mansions is another great Leeds property investment opportunity. With an investment from £145,000, you could add a piece of Leeds history to your property portfolio.
The V2 Mansions building was converted from a historic mansion house to 14 one and two-bedroom apartments in January 2019. Some of the building’s original features tastefully sit side-by-side with contemporary fittings, giving it a unique feel.
Situated in the affluent Leeds suburb of Chapel Allerton, this Leeds property investment is particularly popular with professionals and students. Each apartment comes with its own secure parking space and there is a private communal garden for residents to enjoy
V2 Mansions is already complete, with rental yields reaching 6%.
Get started today
Ultimately, if you’re serious about buy-to-let investment you should seriously consider northern cities. Move away from the hype and high barrier to entry the south offers and build a strong property portfolio in a flourishing and growing hidden gem that is Leeds. North Property Group are only a phone call away from starting this exciting journey.
“North Property Group supports all property investors with expert advice and guidance. We truly offer the opportunity of a lifetime” Oli Banks – North Property Group Managing Director
|North Property Group are one of the few remaining independently owned sales, lettings and investment agents in England. This allows us to work exclusively for the benefit of our clients helping them to buy, sell, let or rent properties across the UK. If you are interested in exciting buy-to-let opportunities go to our Leeds Property Investments and find out what we have to offer. Alternatively, call us on +44 (0) 113 4264 444 for more information.