Leeds has been marked out as a property investment hotspot for landlords, with value housing but an active market set to be stimulated by the HS2 rail project.
Property prices in Leeds have grown over 6 per cent in the last year, according to the latest Buy to Let Index from LendInvest. This, coupled with the relatively low average house price of just £150,000, marks the city out as one to watch.
The city is also a good opportunity for landlords, with rents up 3.6 per cent over the last year, offering investors an overall yield of 4.8 per cent.
Set to further boost the market is the second phase of the government implemented HS2 rail project. Managing director of Sequre Property Investment, Graham Davidson, explained: ‘HS2 is one of largest regeneration projects in Europe and we know that historically infrastructure paves the way for wider investment. What’s more, the city has the fourth largest student population in the country and is served by four universities, meaning the demand for rental properties is extremely high.’
However, HS2 is not the only new development launched in Leeds. Over the next few years several regeneration projects are set to take place, including a £350 million development in the Leeds South Bank which has the potential to create 7,000 new jobs, further boosting interest in the area.