Exclusive to NPG
Completion Date: Q3 2022
The Phoenix is a fantastic Leeds Buy To Let development that stands at 17 stories tall. Phoenix will consist of 204 one bedroom apartments, 144 two bedroom apartments and 19 three bedroom apartments. …
Exclusive to NPG
Completion Date: Q3 2022
Coming Soon to Leeds – 110 one to three bedroom apartments. Located in the Knowledge Quarter of Leeds, close to universities and the region’s top employers in the Financial District. Gross yields at A …
Completion Date: Q1 2022
Archway is a new off-plan residential development, in Leeds’ Southbank, situated just 3km South of the flourishing City Centre. Serviced accommodation is permitted at Archway, which means yields of ov …
Centenary house is a mixture of new build and refurbished apartments within a stunning Grade II-listed building (due to complete in 2019). A short walk from Leeds Train Station these studio, 1, and 2 …
Riverside Apartments An award winning development, the Riverside Apartments enjoy an excellent location adjacent to the River Aire and offers easy access to Leeds city centre. The development forms pa …
Brand new boutique scheme of just 8 apartments. Pre-launch prices start from £115,000 for a one-bedroom apartment including parking. Location: Chapel Allerton is very popular with a range of demograph …
Green Quarter is an exciting new, high specification development of 86 apartments offering the highest yields currently available in Leeds City Centre – it is a truly fantastic property investment in …
A brand new launch in 2019 comprising 54 luxury 1 and 2 bed apartments, Northgate House is located less than 3 miles from the Universities of Leeds. There is also secure underground parking spaces ava …
The Preston The Preston perfectly marries a historic limestone industrial exterior with contemporary interior design. Boasting quick transport links into Leeds City Centre and an abundance of nearby a …
Public Haus is a stunning collection of 16 completed residential new-build apartments at an extremely attractive price point. There are 15 parking bays at the project, two of the ground floor units ha …
Pearl Chambers is a property investment opportunity like no other, as this stunning Grade II listed building conversion is in the heart of Leeds City Centre. It has an enviable LS1 postcode and offers …
North Property Group are proud to present a brand new property investment opportunity in Leeds; Ashtree Apartments is a stunning collection of 15 residential new-build apartments at an extremely attra …
No 1 Brunswick Court is located in the vibrant northern quarter of Leeds City Centre between the rapidly developing Mabgate and the highly anticipated SOYO scheme. Secure allocated parking is availabl …
Mabgate Gateway Apartments A development not to be missed; Mabgate Gateway Apartments is one of just a few new builds currently being developed in Leeds City Centre. Situated in the Northern, and buil …
High Specification New Build Apartments North Crescent Phase 2 is a brand new boutique scheme comprising of 6 two bedroom apartments designed to appeal to first time buyers and investors. The property …
Investing at North Crescent North Property Group are pleased to exclusively offer these fantastic 2 x bedroom apartments in Leeds city centre at North Crescent Phase 1. From just £135,000, inclusive o …
Leeds is the UK’s fastest growing city with an economy that has increased by 34% over the last decade. The city’s economy is now worth £21.3 billion per year.
The wider Leeds regional economy is worth £64.6billion and, like the city’s economy, is set to rise by 21% over the next 10 years. It is the largest regional economy outside of London and is the largest contributor to UK GDP of all the Northern Powerhouse cities.
Leeds and the wider region have one of the most stable economies in the country, ensuring a Leeds investment will be secure and profitable.
Leeds is fast becoming known as a digital capital of Europe. There are over 1,350 digital companies in Leeds employing 10,000 people. . It has the largest number of fast-growing tech companies outside of the south east employing some of the highest paid workers in the sector.
As well as digital technologies, the key growth sectors in the Leeds economy are healthcare and medical technologies, financial and business services, manufacturing, housing and construction, retail, social organisations and the third sector.
Leeds is the largest hub outside of London for finance, business services, digital, creative, publishing and broadcasting. It is expected that the financial and business sectors will make up over half of the city’s forecasted GVA growth over the next decade.
The Leeds city region is home to a highly-skilled workforce of 1.4 million people, with 7 million within an hour’s drive.Commercial property prices are much lower than in other parts of the country – particularly the south east – further encouraging many leading organisations to relocate to Leeds.
There are a growing number of major companies deciding to invest in Leeds. Just some of the big names that have moved to the city in recent years are HMRC, Channel 4, and Sky.
As more and more companies move north to Leeds, the number of people working and living in the city will also increase.
Leeds is one of the most exciting cities in the UK with a long and vibrant history. It is the birthplace of many household names, famous people, and global brands.
Perhaps one of the biggest brands to come out of Leeds is Marks and Spencer. They opened their first shop in the Kirkgate Market in 1884 and are now one of the UK’s leading retailers.
Schweppes also has its origins in Leeds. The process for making fizzy drinks was invented in the city in 1767 by Joseph Priestley, which was then developed by J. J Schweppe; the German founder of the eponymous global drinks brand.
Leeds has been home to a number of famous people. Jeremy Paxman, Alan Bennett, Emmie Wise, were all born in Leeds, as were the politician Denis Healey and first world war Prime Minister Henry Herbert Asquith.
Many successful bands started life in Leeds, including Kaiser Chiefs, Soft Cell, Gang of Four, and Sisters of Mercy.
There is a reason Leeds was recently named one of the most profitable place to be a landlord, and that is thanksto its stand-out levels of rental returns.
Rental yields from buy-to-let property investments in Leeds can reach as high as nearly 8% in some postcodes, particularly in and around the city centre. This is over double the UK average of 3.5%. Even the overall average rental yield in Leeds of 4.3% fairs better than the UK average.
There some truly impressive property investment opportunities in Leeds, from rejuvenated listed buildings to modern new-builds, each promising high returns on investment.
It is no surprise that rental yields are so far above the UK average once you consider the region’s affordable prices, high demand, and strong market growth.
Due to the large variety of people living in Leeds, there really is a property investment opportunity for everyone here. From students, to young professionals, to families, the Leeds rental market is large, diverse and growing, and is generating a rising demand for good quality rental homes.
As more people move from London and other parts of the country to Leeds, this demand is only set to become stronger. In the five years from 2013, the number of people relocating to Leeds from the capital has increased by 58%.
New property development has been unable to keep up with this demand, making Leeds have some of the country’s best property investments for rental yields, rental growth and capital growth.
With a booming population, strong economy, growing industry and high levels of investment, Leeds definitely has all the right ingredients for excellent capital growth in its property market.
The Leeds property market has been one of the best in the country for capital price growth in recent years. Between 2018 and 2019, the city’s average house price rose by 4.4%, compared to 2.2% for the UK as a whole.
This trend is set to continue, with Leeds being named one of the UK’s top cities for house price growth potential. Even the twin challenges of Brexit and the coronavirus pandemic haven’t been able to weaken the city’s property market. Leeds still has one of the strongest growth forecasts at a fantastic 13.7% until the end of 2024.
The rising property prices in Leeds hasn’t led to property becoming any less affordable, with house prices here still much below the UK average. This makes Leeds a great prospect for people both new and experienced in the world of property investment.
The average property price in Leeds as of May 2020 was £169,700. This is compared to a UK average of £231,855. Even the best parts of Leeds for property investments fall far below the UK average, with city centre properties priced at an average of just £179,183, and at £216,739 in the student hotspot of Headingley.
Off-plan property investments refer to those that are still under construction. These developments are a reliable option for any property investor, and are often cheaper than completed builds. Thanks to the large amount of development in Leeds, there are plenty of off-plan property investment opportunities to choose from.
As they are less expensive than finished developments, off-plan investments net investors higher returns when they come to sell and better yields should they rent them.
Another bonus of off-plan property investments is that the payments for them can be staggered, with investors able to stage payments over several weeks or months.
At North Property Group, we only work with the best property development companies to ensure your investment will be of the highest quality.
Another option for investors interested in new-build properties is residential completed investments. These are finished developments with units still available for purchase.
These brand-new developments have the advantage of being available now. This means they can be tenanted straight away with investors securing instant rental returns.
As with off-plan investments, the high numbers of recent property development projects in Leeds means there are some excellent opportunities to invest in completed property in the city.
Another investment option is resale or pre-owned property, which are properties that have been previously owned and lived in. However, new-builds tend to be a better choice for property investors as they are more likely to comply with up-to-date regulations and won’t suffer from any wear-and-tear.
Due to the strong demand and high rental yields that can be achieved, student properties and HMOs are a popular choice for buy-to-let investors. This is particularly true in Leeds, a city with 9 universities and 60,000 students making up 13% of the city’s overall population.
Rental yields in student properties can reach between 7% and 8% in a variety of property types. As well as new-build apartments, investors should also look at the Victorian terraces that are common in the student hubs.
Leeds boasts plenty of areas popular with students and perfect for anyone interested in a student investment property. Headingley, Burley Park, and Hyde Park are the biggest Leeds student hubs. Each of these areas has a large choice of amenities and entertainment, as well as close proximity to the universities themselves.
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The north of Leeds city centre – an area which encompasses the Northern Quarter – is one of the most vibrant and trendy parts of the city.
This area of Leeds is very popular for both students and young professionals, thanks to its wealth of amenities and entertainment options. As well as being home to a large number of bars, restaurants, cafes and shops, the northern area of Leeds is full of galleries and theatres and is close to the city’s universities and hospitals.
This is a great area for new-build student property investments. Many of the new purpose-built student housing is being developed here, which is becoming increasingly popular with both UK and international students.
Average property prices for new builds in the north of Leeds city centre start at £140,000 and average rental yields are 6%. High growth and a high rate of tenancies are expected here.
To the east of the city centre is the Leeds Climate Innovation District. This part of Leeds is undergoing rapid development and is home to many of the city’s most exciting projects.
Just three of these projects are the stunning CITU development, which is bringing Scandinavian-inspired sustainable housing to Leeds; the ground-breaking SOYO project, the biggest housing project in Leeds for over a decade; and the Aire Park regeneration, which will provide an abundance of green space to Leeds visitors and residents.
The Leeds Victoria Gate shopping centre is also located to the east of the city centre, making it a popular place for locals and visitors alike.
This is a really exciting area for property investment opportunities. The average new build property price in this area starts at £145,000 and buy-to-let investors here can expect yields of 6% with high growth and few voids.
The south of Leeds city centre is where you can find the inspirational South Bank redevelopment scheme. This major project will double the size of Leeds city centre, bringing with it 8,000 new homes and 35,000 new jobs.
At 253 hectares (625 acres), the South Bank project covers an area the size of 350 football pitches. The scheme aims to redevelop this part of Leeds while retaining the area’s industrial heritage and sense of community.
There are 1,000 new homes in the pipeline at Tower Works, Iron Works and Dandara, with major regeneration work at the vacant Tetley Brewery Site planned as well.
South Bank will also be the home of the new HS2 railway station in Leeds. Trains from here will dramatically cut journey times to London to under 90 minutes, making it a popular location for professionals.
The average new build price in the south of Leeds city centre starts at £160,000. Rental yields can reach as high as 6% with high capital growth and few untenanted properties.
The western area of Leeds city centre is the city’s financial district. It is the home of the Wellington Place Masterplan, which will create 1.9 million sq ft of commercial, retail, leisure and residential space.
The Wellington Place Masterplan comprises a number of buildings, each connected by wide pedestrianised spaces. The unique architecture makes this part of Leeds truly eye-catching and enjoyable.
The west of Leeds city centre is an area popular with professionals, and so is a good option for people interested in property investments tenanted by this market.
Average property prices for new builds start at £150,000 here, with rental yields reaching 5.8%. West Leeds city centre is also forecast for high growth and has a low rate of voids.
Link to July article 9. Centenary House in Leeds Northern Quarter is Sold Out
The Kirsktall part of Leeds is one of the most up-and-coming areas of the city and a truly inspiring place to invest in property.
Kirkstall is part of what’s as the Knowledge Quarter, which gets its name from its close proximity to the city’s universities. This makes the area particularly attractive to students, but the numerous schools and parks also ensure Kirkstall is also popular with families.
With plenty of large employers in this area – including ITV, Sky and HMRC – there are plenty of young professionals here too. Kirkstall’s truly diverse population makes it one of the best choices for Leeds property investments.
The average new build property price in Kirsktall starts at £115,000, with rental yields of 6.8%.
Another Leeds district within the Knowledge Quarter is Burley. For much the same reasons as Kirkstall, Burley is an extremely popular area with all kinds of residents, and is therefore another great option for a Leeds investment.
An investment in Burley is an investment into one of the trendiest parts of Leeds. Although most of the housing is Victorian terraces, new-build developments are starting to pop up here too.
Like Kirkstall, Burley has plenty of shops and entertainment facilities, as well as green spaces including The Village Street and Burley Park. It is also close to the other popular Leeds districts of Headingley and Cardigan Fields.
The average new build property price in Burley currently starts at £115,000, and investors can expect yields of 6.8%.
Meanwood is a bustling suburb that has nevertheless managed to retain its village feel. It is located in the affluent northern area of Leeds with a wide variety of high-standard eateries, bars and shops serving its local community.
This is a great place for a quality Leeds property investment that will attract tenants like professionals and more affluent families. There are excellent transport links to the city centre for commuters, and two highly-regarded primary schools and plenty of outdoor space for people with children.
Meanwood is undergoing huge levels of gentrification and property prices are rising quickly. The average new build price in Meanwood starts at £150,000, with rental yields averaging 5.5%.
The sought-after Chapel Allerton area of Leeds is situated close to the city centre, as well as universities, schools and top employers. The biggest employer is the NHS, who run Chapel Allerton Hospital and a local surgery.
Rental demand in this part of the city is high, making it one of the best places for Leeds property investments.
Chapel Allerton is often called ‘the Notting Hill of the north’ due to its wealth of trendy, independent shops, eateries and bars. It is also home to Seven Arts, an independent arts space that hosts film, theatre, dance, music and comedy.
With its vibrant atmosphere and picturesque appeal, it’s no wonder Chapel Allerton was named one of the best areas to live in 2018 by The Sunday Times.
Average new build property prices here start at £165,000, with rental yields averaging 5.5%.
The ever-popular Headingley is a suburb of Leeds full of shops, bars, restaurants and green spaces. Its exciting and energetic atmosphere mean properties in Headlingley are very sought-after by all kinds of tenants.
Leeds Beckett University has a large campus in Headingley, making the area a particular favourite with students. But due to its good schools and quick transport connections to the city centre, the number professionals and families living here is rapidly growing too.
There is a wide variety of property types and high rental demand in Headingley, meaning there is plenty of choice for property investors in the area.
The average new build property price in Headlingley starts at £130,000, with an average rental yield of 5.9%.
With the largest employment centre outside of London and a fast-growing workforce of almost half a million people, Leeds is one of the most popular places for young professionals. For those interested in owning a buy-to-let property tenanted by this demographic, Leeds is one of the best cities in which to invest.
Leeds is home to numerous large employers, with more and more moving their offices to the city. Leeds boasts an average salary of £28,000 and a low cost of living (a person would need to earn over 1.6 times more in London than Leeds to have the same quality of life), making it hugely attractive for young professionals.
When looking for somewhere to live, the requirements at the top of young professionals’ lists are location, quality, and good amenities. To appeal to this market, it is important to make sure a Leeds property investment has such features, with new build developments being most likely to tick these boxes.
Being close to employers and the city centre is always a good selling point when renting to young professionals. Recent findings show that outdoor areas are also important, so investing in a property either near green space or with its own outdoor facilities is recommended. Luckily, a huge number of Leeds areas and new developments satisfy these needs.
Leeds is one of the UK’s top choices for both national and international students. At any one time, there are 60,000 students in the city, including 9,000 international students from 170 different countries.
With students making up 13% of the Leeds population, this city is a safe choice for property investors targeting the student demographic.
There are 9 universities in Leeds, including the globally-ranked Leeds University, which is located between Headingley and Holbeck. The campus of the popular Leeds Beckett University is also situated in this area, while Leeds Trinity University can be found in the suburb of Horsforth.
Tenancies in Leeds student property investments don’t necessarily end when studies do. Leeds has a good graduate retention rate of 30% with almost a third of people choosing to remain in the city after graduation.
Location is one of the most important parts of investing in property. With so many opportunities for property investments in Leeds, you need to be sure you’re investing in the right place.
The kinds of questions you need to be asking yourself are: What kind of tenant do you want to rent to? Do you want to invest in an up-and-coming area or somewhere more established? Are you looking for a new-build buy-to-let property or something older?
To find out where would be right for you, take a look at our guide to the best areas to invest in property in Leeds.
Once you’ve decided on where in Leeds you want to invest in property, it’s a good idea to look into the redevelopment projects that are happening there.
A large number of quality projects identifies an area as being in prime position for regeneration and rejuvenation, all which can have a very positive effect on rental yields and capital growth.
Large scale investment in an area will also lead to that part of Leeds becoming more desirable for tenants, ensuring your property investment stays fully tenanted.
After you’ve found a property to invest in, you should research how the expected rental yields there compare to other rental properties in the area. Look at the rental prices of properties of a similar spec understand whether your estimated rents are achievable and what you can expect to generate.
You can also compare rents for similar buildings in different parts of Leeds to double-check you’re investing in the right part of the city for you.
As well as rental yields, it’s also important to check the service charges and ground rents you’ll be paying.
These charges often apply to new-build apartments and other leasehold properties. Ground rents are paid to the freeholder – the owner of the land on which the building sits – and is usually around £50 a year. Ground rents are paid annually, half-annually, or quarterly, and only need to be paid if you’re formally requested to by the freeholder.
There are two types of ground rents: fixed, which remain the same price for the duration of the lease period; and escalating, which increase during the lease period.
Service charges differ by property and pay for the general upkeep and repairs to the building. These usually rise each year so make sure you have found out what they are and budgeted for any increases.
The final thing you need to check before you complete your Leeds property investment is the developer’s track record. A good developer is one with experience, integrity, and who already own the land. This is especially important if you’re investing in an off-plan new-build property, as you may lose your deposit should the developer go bankrupt and fail to complete the project.
A good developer will also ensure an excellent build finish. An investment into a higher spec, better quality property will save you money on repairs in the long run. It will also be in more demand by tenants and will generate better rental yields.
At North Property Group we only partner with the best developers, so you can be assured that any investment through us is a secure investment in quality.
Leeds is one of the UK’s top property investment hotspots, and is favourably-placed to continue that way.
In recent years Leeds has had some of the strongest house price growth in the country, rising by 4.4% between November 2019 and November 2020, compared to 2.2% for the UK as a whole. Even the global coronavirus pandemic couldn’t slow the Leeds property market, with demand quickly bouncing back to pre-lockdown levels.
The future looks even brighter for property investments in Leeds. With average property values forecasted to rise by 17.1% by 2023, Leeds was recently given first place on JLL’s property price growth forecast – knocking Manchester off the top spot for the first time in four years.
Forecasts for rental yields in Leeds are also positive. Rents increased throughout the city in 2019, with JLL predicting a further average growth of 3.5% by 2022. It is no wonder Leeds is one of the best UK cities to be a landlord.
Huge levels of investment, regeneration, and “northshoring” – the term for employers moving their premises out of the south east and further north – have made Leeds one of the UK’s most desirable cities. With such high levels of demand here, the Leeds market has some of the best opportunities for property investment now and will do for years to come.
For a low-risk Leeds property investment, look no further than V2 Mansions. These 14 high-spec, boutique-style units were redeveloped in 2019 and are now fully tenanted.
Located in the popular Chapel Allerton suburb of Leeds, every detail of Public Haus has been thoughtfully designed for contemporary living. From the restored historic features to the stylish modern kitchens, apartments here are optimised for tenant satisfaction and long-term tenancies.
Investors into V2 Mansions can expect net yields of almost 6%. Unit prices start at £145,000 for a one-bedroom apartment with parking.
This award-winning development, also known as Waterfront Apartments or Riverside Apartments, is situated in the South Bank regeneration scheme alongside the River Aire.
Starting at just £142,500 and with expected yields of up to 7%, these high-spec apartments are sure to have high tenant demand.
With a stunning waterside location, low ground rents and a proven developer, these apartments are a fantastic option for buy-to-let property investments in Leeds. Victoria Riverside is due to complete in Q3 2020.
An exclusive development of just 54 luxury units, Northgate House is one of the most sought-after new-builds in Leeds.
Strategically-located in an investment hotspot just 3 miles from the Universities of Leeds and close to major employers, rental yields here are expected to reach almost 7%. Apartments start at £144,500 and come fully fitted with premium kitchens, luxury bathroom suites and stylish lighting. Secure underground parking for all apartments is also included in the purchase.
Ready now and built by an established developer, Northgate House is one of the best Leeds property investments whether you’re interested in renting to students or professionals.
Already proving itself very popular with property investors and owner-occupiers, Public Haus is located just a stone’s throw from the city centre in the South Bank area of Leeds.
The 16 high-end, modern two-bedroom apartments start at £188,500 with low service charges and expected yields reaching almost 7%. The stunning views of the Leeds city centre skyline, private terraces, and onsite parking, mean these high-spec, fully-finished properties are already in high demand.
Public Haus was completed at the end of 2019 and there are now just a few units remaining for property investment here.
North Property Group is 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.
Our experienced property professionals are committed to finding you the best solution for your property investment. We take a truly customer-centric approach and will be there with you for every step of your investment journey: from the initial search, to the management of your investment and through to when you’re ready to sell. We are the only company that will manage your investment every step of the way.
North Property Group is trusted across the globe to provide high-quality property investment opportunities across the UK. Whether you’re a new or established investor, we will find the right property for you.