Leeds City Centre: A Guide for Landlords & Investors

Leeds City Centre: A Guide for Landlords & Investors

Leeds is the second most important financial centre in the UK, beaten only by London. It’s also been recently voted as the best UK city in terms of quality of life. Therefore, it’s unsurprising that many landlords and investors are turning their attention to the Leeds city centre property market.

There’s no denying Leeds is a fantastic place to buy a property in today’s economic climate. However, before making a purchase, there are many factors you need to consider. We’ve put together a brief guide to investing in Leeds city centre property.

Finding the right property

At Cassini Properties Estate and Lettings, we have a wide range of properties available. Therefore, it’s important to establish the kind of property you’re hoping to invest in.

Leeds city centre is an absolutely ideal location for those looking for professional housing and buy to let opportunities. The housing market has suffered a pretty large hit in recent years, with the number of buyers, particularly millennial buyers, unable to afford existing prices. This has led to a rise in the rental sector, giving landlords a lucrative opportunity to invest in Leeds’ buy to let sector.

How much yield will the property generate?

If you’re buying to let, rather than looking for your own Leeds city centre home, it’s important to take into consideration the yield of the property.

To work out rental yields, first determine how much rent you can expect to receive from the property each year. Then, divide that by the property’s value and multiply it by 100. This will give you the yield percentage you can expect to receive.

Although the yield value will differ between properties, recent research has shown that Leeds investors experience an average yield of 4.8% after rental prices increased by 3.6% from 2015-2016.

What makes Leeds city centre a good place to invest?

Situated within West Yorkshire, Leeds is very close to several major UK cities including Manchester, Nottingham and Sheffield. It has excellent transport links, with close proximity to the M62, A1 and M1.

The city centre itself has transformed over the years. While in the past it was focused more on manufacturing, the service sector now very much dominates the city. This has helped to attract many major investors into the area. It is a contemporary city with plans to develop into a 24-hour European city.

When you combine this with the fact the city’s house prices are also below the national average, you can see why Leeds city centre has become a hot spot for buy to let investments.

Of course, if you want to benefit from great value Leeds city centre property investments, it’s imperative you deal with the right estate agent. At Cassini Properties Estate and Lettings, we’re proud to offer 8% full property management. If your property isn’t let, you won’t need to pay any fees. We can also sell your property for just £899.

For a free property appraisal, call Cassini Properties Estate and Lettings on 0113 2497313