Why the Burley Road Area of Leeds is a Great Choice for Investors

October 2, 2019

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Article Summary

Leeds
  • Burley is a popular location for both students and young professionals, creating plenty of opportunities for buy-to-let investments.

  • The works were established in the 1860s as a factory for the textile industry, which was closed in 1981. The site has been earmarked for regeneration since then, making this redevelopment project long overdue.

  • As well as the mix of 1, 2 and 3-bedroom apartments and duplexes, there will also be ground floor commercial spaces and new areas of public realm.

Leeds is one of the best UK cities for property investment. Thanks to its fast-growing economy, thriving housing market and great yields. Burley Road and the surrounding area offer some of the city’s highest capital growth from property investment and are well worth consideration.

 

High Demand

Burley is a popular location for both students and young professionals, creating plenty of opportunities for buy-to-let investments. This is a particularly good location for those interested in investing in house shares or HMOs. These are also the preferred types of housing for most students and increasing numbers of young professionals.

Due to its high student population there is high demand for rental properties here. Furthermore yields can reach 10% with the right property. The average house price in the area is £220,082, which reflects the popularity of the area.

Most properties in the Burley Road area are Victorian through terraces and back-to-back housing. However, due in part to its growing population, an increasing number of new build apartment blocks are beginning to appear here.

 

Excellent Location

The Burley Road area itself is less than a mile away from Leeds city centre and just as close to the University of Leeds. There are excellent transport links to all areas of Leeds, making it especially convenient for students and commuters alike.

There are plenty of green spaces in Burley, including The Village Street and Burley Park. These are great places to get away from the hustle and bustle of city life and enjoy the mature trees, planted flower beds and gardens. There is even a children’s play area for the many families that choose to call Burley home.

Entertainment is close-by too. Just half a mile to the north is vibrant Headingley and to the south you can find Cardigan Fields. Both have a great variety of bars, clubs and restaurants. So it’s not far to travel for a good night out. For things to do in the day, Burley itself has plenty of great shops, gyms and sports centres for locals to enjoy.

 

Planned Infrastructure

There is a large amount of planned infrastructure investment in Burley and its neighbouring district of Kirkstall. This investment has caused the area to become one of the most up-and-coming trendy parts of Leeds to live. It offers excellent potential for capital growth and high tenancy rates, so is a great place for buy-to-let investors.

 

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.

 

Contact us

To find out which property investment opportunities are available on the Leeds market now, or to learn more about how property investment works, get in touch with the experts at North Property Group today.

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Phoenix

From £362,450

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

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