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The Best Places to Live – and Invest – in Leeds

September 11, 2020

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Article Summary

Manchester
  • The Leeds city centre and nearby Northern Quarter are two of the city’s most popular places to live. Their close proximity to a vast array of shops, restaurants and bars.

  • South Bank is the location of the largest regeneration project Leeds has ever seen, and is a truly unique opportunity for both Leeds investments and buy-to-live purchases.

  • The Knowledge Quarter is an area of Leeds particularly fashionable with students due to its exciting atmosphere, wealth of amenities and proximity to the city’s universities.

If you’re considering Leeds investments, or are just looking for somewhere new to live in the city, we’ve put together our pick of some of the best areas in Leeds you should be considering.

 

City centre and Northern Quarter

The Leeds city centre and nearby Northern Quarter are two of the city’s most popular places to live. They’re close proximity to a vast array of shops, restaurants and bars. Which includes the Victoria Gate shopping centre, make these areas a top choice for Leeds investments and owner-occupiers alike.

The Northern Quarter is the heart of Leeds cultural district, with theatres, galleries and independent shops all situated here.

A couple of great developments available here are Pearl Chambers and No. 1 Brunswick Court, with respective starting prices of just £159,500 and £125,000 – much lower than the average asking price for this part of the city. 

 

South Bank

South Bank is the location of the largest regeneration project Leeds has ever seen, and is a truly unique opportunity for both Leeds investments and buy-to-live purchases.

Once complete, the project will have developed 253 hectares of land which will double the size of the city centre. It is the proposed location for the Leeds HS2 station. It is already home to a number of the city’s top employers including Asda and Sky.

The Waterfront Apartments development – also known as Victoria Riverside – forms part of the South Bank area and is due to complete later this year. Prices for apartments at this award-winning building start at just £142,500.

 

East Bank

A stone’s throw from the city centre, the East Bank area of Leeds is home to the SOYO development, making it one of the most exciting new parts of the city.

The East Bank is also close to Victoria Gate as well as plenty of other retail outlets and employers. The Leeds Playhouse is located here, as is the city’s main bus station.

It is also home to the Public Haus new-build development of sixteen 2-bedroom apartments, which is popular with buy-to-let and buy-to-live purchasers alike.

 

Knowledge Quarter

The Knowledge Quarter is an area of Leeds particularly fashionable with students due to its exciting atmosphere, wealth of amenities and proximity to the city’s universities.

It is also a great spot for young professionals and families, with big employers and numerous schools nearby.

There is plenty of green space here too, which is often now a key requirement for people living in cities. Burley Park, Willow Field and Burley Green are all beautiful places to go and leave behind the stresses of everyday life.

For a Leeds investment in the Knowledge Quarter, take a look at The Preston. Huge yields of over 8% are expected here, with prices starting at a very affordable £95,000.

 

Why Leeds?

Leeds is fast becoming one of the best places in the UK to be a landlord. Its reasonable prices, high demand, and fast-growing population result in some of the highest yields in the country and excellent capital growth.

The reasons for the city’s popularity with tenants is much the same as for owner-occupiers. With many major companies – including Sky, HMRC and Channel 4 – moving to Leeds, there are great employment prospects here.

The huge variety of shop and entertainment options. As well as its excellent transport links, also make Leeds a top choice.

With so much Leeds has to offer it’s not surprising that Leeds is one of the country’s hotspots for buy-to-let investors. It is also one of the top choices for people moving away from London, keen to live somewhere with a better quality of life. 

What is property investment?

Put simply, property investment is property purchased with the intention of generating financial returns for its buyer. These returns could be in the form of rental income through buy-to-let properties, house price growth through the future sale of the property or both. Property investments can be owned by individuals or organisations and can be short, long or medium term.

Get in touch

If you’re interested in buying an investment property in Leeds or investing in property anywhere else in the Leeds region and beyond, contact the experts at North Property Group to find out how.

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Explore our property in Leeds

Phoenix

From £362,450

   Gross Yield: 7%
   In Construction
   Est. Q3 2023
   Lease Length: 250 Years

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