Mid term property report on Harehills, Beeston and Seacroft
by on 18th April 2019
You and we can recall the reports we got from schools at the end of term, or progress reports you get more regularly about your children / grandchildren etc. They give an indication of how you’re doing and we’ve done similar over the past few years with property locally.
We’ve seen lots of change in the past few years but property prices continue to rise locally and have proved a good investment vehicle whether you’re a landlord or property owner.
Let’s look at figures locally, beginning with Harehills:
Most of the sales in Harehills over the past year were terraced properties which on average sold for £88,674. Semi-detached properties had an average sold price of £131,043 and flats averaged at £99,125.
Harehills remains a top investment area as average property prices are much lower than many other parts of Leeds yet capital growth is steady and demand for rental properties remains robust.
Beeston’s prices are similar, yet flats there command a lower selling prices than Harehills.
Last year most property sales in Beeston involved terraced properties which sold for on average £91,350. Semi-detached properties sold for an average price of £134,770, while flats fetched £81,346.
Beeston, with an overall average price of £106,809 was cheaper than nearby Leeds City Centre (£158,691), Armley (£123,263) and Morley (£180,953).
Finally, heading further east from Harehills, there’s Seacroft which is the most expensive area on our mid year report:
Last year most property sales in Seacroft involved semi-detached properties which sold for on average £187,013. Terraced properties sold for an average price of £123,889, while detached properties fetched £234,664.
Perhaps this is to be expected as the area is not characterised by a dominance of terraced properties, unlike Beeston and Harehills?
At Hogan’s, we reckon Harehills is a better bet for investing to let as there is much higher percentage of let agreed properties than in Beeston, but if buying as a home, Beeston has a higher percentage of SSTC than Harehills.
If you need more advice, contact one of our friendly team at Hogan’s estate agents.