As a former industrial city, Leeds has enjoyed a renaissance thanks to a strong uplift since the 2008 economic downturn, and has grown from strength to strength to proudly fly the flag for thriving cities in the north.
It’s widely known as the largest legal and financial centre in the UK outside of London. It has two large universities and was reported to be the UK’s best student city by The Independent newspaper.
What’s more, after an intense bidding process it won the regional headquarters for Channel 4 and looks set to entice more digital and media companies to follow suit. With this in mind, you can see why Leeds scored 4th on a recent survey of the happiest cities to live in.
Yet, while the city has earned its status of being a hotspot to attract people from all walks of life – the real question is – where are the best locations to purchase a property in Leeds?
Bordering nearby Headingley and Burley, Kirkstall, west Leeds, can be confused with the more ‘studenty’ suburbs of Leeds but it has recently seen a surge in popularity among young professionals. What’s more, it’s a serious contender for snapping up a property and not paying overinflated prices.
The average property price in Leeds is £189,738 (according to the Land Registry Data, Nov 2019) however in Kirkstall the median price paid for properties is £172,000*, which is a significant saving.
Another bonus is the transport links to the city, from Headingley train station, which actually falls within Kirkstall’s boundaries, to the Leeds and Liverpool canal that is perfect for cyclists and people that prefer a calmer journey into Leeds. There are also plenty of shops and amenities right on your doorstep and for cultural enthusiasts, the picturesque wonder that is Kirkstall Abbey won’t disappoint.
Chapel Allerton, a north Leeds suburb, has long been a popular village-like suburb within the city. While the area is relatively small it has a well-established bar and restaurant scene offering plenty of choices to pique the interest of most people. What’s more, as well as one of the best looking Aldi’s in the country there are several independent shops to give you that authentic village feel.
However, due to its popularity and close ties to Roundhay house prices tend to be more expensive than other areas in equal standing. To put this into context, house prices in the UK rise on average by 0.7 per cent year on year however, Chapel Allerton saw a 14% change in median house price, 2007 to 2016. Therefore, the median price paid for the properties in the neighbourhood of Chapel Allerton North is £247,500 and in Chapel Allerton South and Chapeltown is £182,500*.
Another up-and-coming area of Leeds, for families, in particular, is Meanwood. It has two of the best primary schools in Leeds and is close to good secondary schools. The area is best known for Meanwood Park, which is great for taking children to, and it also has the Meanwood Valley Trail that passes through the park, running alongside Meanwood Beck stream.
Like other up-and-coming areas, Meanwood too has trendy shops, bars and restaurants to please its residents and more than likely you’ll know it has a rather large Waitrose – ideal for those sourdough cravings!
The median price paid for properties in the neighbourhood of Meanwood is £216,500 and in Meanwood South and Sugarwell is £160,000*.
The affluent west Leeds suburb of Horsforth gives young couples and growing families the best of both worlds. It has easy connections to Leeds and other surrounding areas but yet yields a quieter lifestyle due to being far enough away from the hustle and bustle of city life.
It’s been a well-established hotspot for many thanks to having some of the best schools in the region as well as a well-renowned food and shopping scene.
Properties are a mix of traditional Yorkshire homes as well as affordable housing as more developments get underway to pave the way for the next generation putting down grassroots. While, another reason for the demand and investment in this area is thanks to Leeds Bradford Airport, which is within proximity – perfect for those that enjoy an annual getaway.
The median price paid for properties in the neighbourhood of Horsforth South & Rawdon is £320,000, Horsforth West is £320,000, and Horsforth East is £198,250*.
This idyllic village is just nine miles from the city centre but offers a more rural lifestyle. Set within the popular district of Adel and Wharfedale properties here are more expensive, however, with an ‘outstanding’ local primary school and good secondary schools in the surrounding areas it’s perfect for families. It’s also home to plenty of independent shops for all your local produce needs.
A natural hotspot for things to do within the area is Golden Acre Park. The park is home to 130 acres of stunning gardens that wrap around a large lake. After enjoying the delights of the park why not visit the tea room to quench your thirst and/or appetite.
The median price paid for properties in the neighbourhood of Bramhope and Pool-in-Wharfedale is £390,000*.
Leeds city centre
With the city booming, there’s still a strong demand for apartments. In particular, Leeds Waterfront offers wonderful views along the banks of the River Aire which is magnificent during the peak of summer.
And while we’ve been talking about all the excellent transport links into the centre, it’s also a commuter hub for transport to the likes of York, Harrogate, Manchester, and even London.
What’s more, the Leeds independent food and drink scene has evolved in the last ten years tagging onto national trends including street food, craft beer, supper clubs, fine dining and dare we say it – Deliveroo. If cooking isn’t your thing or you want to treat yourself then there’s truly something to please everyone.
Don’t forget that as a family, city centre life is pretty good too as there’s plenty of museums, cinemas, and child-friendly spaces for families to explore and enjoy together.
The median price paid for properties in the neighbourhood of Leeds Central is £127,350, while the neighbourhood of the city centre itself has a media price paid of £174,500*.
Don’t forget that when you’re looking to purchase a property, whether that is in Leeds or further afield, we can help with all your conveyancing needs, just fill out a quote and we’ll be in touch.
*According to the latest data released in June 2019 from the House of Commons Library.