Estate agents from across the city have reported a surge in sales, with agents in areas like Morley and Pudsey reporting that houses are sellling within days.
West Leeds suburb Horsforth was even found to be the one of the most desirable places to purchase a home in the UK, in analysis undertaken by Rightmove, and was named in The Sundays Times Best Places to Live Guide 2021, alongside Farsley and Chapel Allerton.
England recorded a 4.1 per cent house price growth in the April UK House Index.
In the year to April, average prices in Yorkshire & the Humber rose by 5.4 per cent, the highest growth in the country, according to Zoopla's analysis of the index, published on May 26,
In Leeds, the price growth was 5.5 per cent, with the reporting finding that the average house price in the city is now £180,100.
Office of National Statistic.s showed some suburbs saw a price rise of more than 30 per cent, based on house price figures by Middle Layer Super Output Areas (MSOAs) – small geographic areas containing an average of 7,200 people.
This is why these areas have seen prices shoot up, according to expert Mark Manning, of Manning Stainton estate agents:
Mark Manning, of Manning Stainton, said: “First Roundhay, then Chapel Allerton and now Oakwood. This suburb has become the new ‘go to’ destination for people searching out a cosmopolitan life, thanks to its great street-side cafes, trendy restaurants, high-end salons and highly-regarded local schools. Plus, let’s not forget it’s also on the doorstep of Roundhay park with its beautiful rolling parkland, lakes and woodland too. All these factors have resulted in a large influx of buyers which has pushed prices up.”
Mark Manning, of Manning Stainton, said: “This is an area that has seen a huge influx of buyers who fit into two distinct groups. First-time-buyers who love the affordable prices in the area, as well as its connectivity to the city, but in recent times investors have also returned in their droves, with plenty of southern-based landlords searching out the high returns often achieved in this location.”
Mark Manning, of Manning Stainton, said: “Pudsey has always been a hotbed of activity, but in recent times this traditional market town has risen in stature even more. It boasts a great town centre with lots of new bars, restaurants and even a wine and cheese emporium. The area also benefits from great connectivity to Leeds city centre thanks to New Pudsey Train Station, and people who live in the suburb generally just think it’s a great place to call home. All these factors have helped push prices up.”
4. Belle Isle
Mark Manning, of Manning Stainton, said: “Belle Isle is an interesting one. It’s an area that has a high percentage of ex-local authority properties, now complemented by the well-established developments at New Forest and Heritage Village. What this area offers is good-sized family homes with generously-sized gardens at affordable prices.