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A guide on houses for sale in Leeds

by | Nov 15, 2022

Home $ House for sale in the UK $ A guide on houses for sale in Leeds

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Whenever looking for a house for sale in the UK or in Leeds, it is vital you look at the market trends and house price fluctuations in the wider area of West Yorkshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Leeds.

In this article, we will be looking at the city of Leeds in detail so you know how to navigate the area and have a better understanding on where to invest.

What is the asking price on average of houses for sale in Leeds?

In the city of Leeds, what is the average asking price for the houses for sale?

Average asking price (1 bed) £135,975
Average asking price (2 bed) £199,578
Average asking price (3 bed) £246,554
Average asking price (4 bed) £370,452
Average asking price (5 bed) no relevant data for this city

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Leeds and if you may need to look at a different area in order to buy the type of house you can afford.

Also, noting the £420 should also give you an overview of what the asking price for houses for sale are in general.

Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Leeds determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £212,800.

Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Leeds.

Advice from experts on properties for sale in Leeds

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

House for sale in a different UK region

You can consult our list below that goes over a list of cities not necessarily in North East, allowing you to find similar places to Leeds:

You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK

What are the demographics like in the city of Leeds?

What is the population of Leeds?

The city of Leeds has a total population of 129288. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Leeds is growing.

A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.

Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.

The five year population change of Leeds

Over time, in the last five years, the population of the city of Leeds has changed by 3%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here

In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 3% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.

What is the difference in population over the last 10 years in Leeds?

In the last 10 years, there has been a shift in the population of 7%.

Comparing this to the 5 year figure of Leeds can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.

New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.

A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.

Are the people in Leeds earning a lot?

Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.

For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.

To see if this phenomenon occurs in Leeds. Compare the area’s average household income of £38,414.29 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 24% for more conclusive data on the affluence of the area.

Is the city of Leeds deprived?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of £0 for Leeds should give you a nice idea of the deprivation in the area.

What’s a social grade score and how does it relate to Leeds?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Leeds compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Leeds, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 24%.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

Social Score Category The proportion of the UK population (%)
A Professional, managerial or administrative 4
B Intermediate managerial or professional jobs 23
C1 Supervisory, junior managerial or professional jobs 29
C2 Skilled manual workers 21
D Semi and unskilled manual workers 15
E State pensioners, casual & lowest grade workers 8

In Leeds, how educated are people in general?

In the city of Leeds, 36% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Leeds is £38,414.29. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

In the city of Leeds, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of West Yorkshire for example.

These demographics for Leeds may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Leeds in North East.

In general, do people commit a lot of crime in Leeds?

For every one thousand people living in Leeds, 38329% commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of 38329% is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

Is there sufficient green space in Leeds?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Leeds, the city has 7 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Leeds.

In general, for the city of Leeds, what are the final purchase prices for the houses for sale?

As well as looking at the asking price for house for sale in Leeds, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Leeds.

Houses for sale, are sold on average in Leeds, after the influence of these factors, at £188,240 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 7% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £320,629
Aerage sold price (semi-detached) £209,679
Aerage sold price (terraced) £174,342
Aerage sold price (flat) £138,133

This table above shows the average sale price for each variation of houses for sale in Leeds.

Housing category Sale price per square foot
Aerage sold price/sqft £2,403
Aerage sold price/sqft (new build) £2,361
Aerage sold price/sqft (old stock) £2,293

This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Leeds is £2,430.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

A house for sale that is right for you

Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Leeds.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)

  • Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.

  • Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.

  • Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.

  • EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.

  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale

  • Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month

  • Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.

Always consider average rental yield when searching for houses for sale in Leeds

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Leeds. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Leeds.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (West Yorkshire), a regional level (North East) and finally on the level of the city talked about in this article, Leeds.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Leeds £0 £1,076 £1 £0
West Yorkshire 4.55% £778.32 125.25% 21.88%
North East 0.05 757.25 £1 19.25%

You may also find it useful to compare the data above to the number of properties sold per month Leeds experiences. This figure for house sales per month is 3. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

In Leeds, how has the number of houses changed?

Whenever you are thinking about looking for houses for sale in Leeds, think about how the city is growing and how this may impact the overall growth of the area.

Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.

1 year 3 years 5 years
Leeds growth rate 2% 13% 24%

As the population of Leeds grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.

Frequently Asked Questions

Do properties in Leeds offer renovation potential?

Every single month in Leeds, there are 4 planning applications, of which nan result in a success. Look at this in terms of the population size of 129288 to work out if you think you’d have good planning success if you were to renovate.

What’s the number of property sales each month in Leeds?

The city of Leeds sees around 3 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.

What’s the annual population shift in a city such as Leeds?

To work out how the population of Leeds has changed over time, you can look at the population change over a decade which is 7% and the change in a five year period two which falls at 3%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population

In the larger vicinity of Leeds, what is the cost of houses available for sale?

The average asking price of a house in Leeds is currently £420 based on the average price per square foot.

Is investing in a house for sale in Leeds a financially demanding choice?

Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Leeds, this figure stands at £188,240, while the UK average is £286,500.

Who are the best estate agents in the city of Leeds?

Looking to pruchase a home to live in or for an investment? Discover agents in the city of Leeds below who are ready to help you navigate the home buying journey. From viewing listings to making offers, rely on an knowledgeable professional tailored to your neighborhood and preferences to eliminate the headache of searching:

Estate agent Contact number Address of agent Email
Ascend 441134829588 12 Duncan Street, Leeds, LS1 6DL Phone number only
Parklane 441134278992 12 Swinegate, Leeds, LS1 4AG Phone number only
Harvey Hamilton 441134278949 152/33 Great George street, Leeds, LEEDS, LS1 3AJ nan
Bettermove 441134272592 20-22 Bridge End, Leeds, LS1 4DJ Phone number only
Gent Visick 441132456000 34 Saint Paul’s Street Andrew Gent (andrew.gent@gentvisick.com);Paul Mack (paul.mack@gentvisick.com);Niall Mackinnon (niall@gentvisick.com)

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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