All you need to know about hippos, Leeds and property
by on 8th July 2017
Leeds, the base for our two offices, is the third largest city in Britain and home to 715,000 people, pipped to the post by London and Birmingham.
We have other accolades too: we invented Cluedo, the classic mousetrap, had columns in its local paper penned by Karl Max and gave the world Marks and Spencers from its launch in Leeds market in 1884.
Neither London nor Birmingham have such claims to fame.
It’s a city that is forever changing too. It has an illustrious past and a bright future and, at Hogan’s, we’re proud to live and serve in this fine city.
You don’t read an estate agent blog post though just for a potted history of its base? Or maybe you do?
But our business in Leeds and across West Yorkshire is property management – as leading letting agents and estate agents.
So what is happening in our city’s property market, as opposed to Wakefield, Huddersfield or Bradford?
Despite the doom and gloom national reports of property price slowdowns, we’re finding the local market as energetic as ever.
Just so you don’t think we’re exaggerating – hop over to our Facebook page and read the stories there of properties selling like hot cakes.
Let’s take a step back though and look at specific parts of Leeds, like we did with Beeston back in May.
Let’s start in the city centre, where hippos once roamed the Headrow (we kid you not).
Make no mistake, living centrally in our city, carries a premium.
Average prices to be say within walking distance of the Grand Arcade, Trinity or Victoria will cost you.
But if urban lifestyle is your thing, you can’t go wrong with a metropolitan living space which will cost you, according to Rightmove stats, an average of £155,000.
What’s arguably better though for both investors and home buyers is that city centre living saw the highest percentage increase in the last year – a 13% rise to be exact.
To give some price perspective, Beeston in south Leeds averages £94,000; whilst Armley, west of the city centre commands an average of £118,000 and, perhaps no surprises to anyone with an iota of knowledge about Leeds is that northern suburbs like Headingley, Alwoodley, Roundhay make Leeds city centre look a steal.
Headingley has an average sold price of just shy of £200,000; Alwoodley £265,000 and Roundhay £299,000.
East Leeds – where we are based – sees average property prices like south Leeds, with Harehills properties selling on average for £91,000.
What you will see, at the time of writing, is that we have 66 properties for sale on Rightmove and Zoopla but only 23 are available.
Two thirds are sold, or if you prefer percentage exactitude, 65.15% are under offer or sold by Hogan’s and Hogan’s Fast Sale, across many areas of Leeds.
We think they’re impressive sales figures – don’t you?
We also have properties for sale spanning the average sold prices (we’ve referred to above) up to homes marketed at £300,000.
Leeds city centre and its suburbs all sell well, regardless of average sold price.
Finally, with the doomsayers predicting slow price growth in Leeds due to the recent election, the political uncertainty over Brexit and sluggish economic growth, we are pleased to say that property prices in Leeds continue to grow and buying property remains a great form of investment.
We are Leeds property experts, you can trust us with your home.
Want to know what your home is worth in any part of Leeds?