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What is the property market like in Leeds on Rightmove?

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ What is the property market like in Leeds on Rightmove?

3 properties are sold from Rightmove and other listing platforms every single month in the UK. In this article we plan to go over how to buy one of these properties and also how to rent from the platform of Rightmove too.
Leeds contains a lot of information so read carefully and start to consider how to make sure you are involved in a beneficial property deal, whether you are buying or renting.

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In the city of Leeds, regarding Rightmove, what would it look like living in a HMO?

The average asking price for a House in Multiple Occupation (HMO) in Leeds is no relevant data for this city. Understanding this information is essential for anyone interested in saving some money on rent because Houses of Multiple Occupancy tend to be cheaper to rent than any other type of property.
By opting for shared living arrangements within a HMO, you can also get an ensuite in your room too. The average price of a room with an ensuite in a HMO in the city of Leeds is no relevant data for this city and there are also nan in the area in total. This number of licenced HMO properties should be looked at in relation to the fact there are 56,000 properties that are licenced in the whole of the UK so you can see how much this area contains.

How much outdoor space is there in Leeds?

Green space is universally recommended but unfortunately often compromised in various locations. In cities, the amount of green space often falls below the recommended threshold of 6 acres of green space per thousand people.
In Leeds, the current data indicates the presence of 14.6 acres of green space per thousand residents. By comparing this value to the recommended benchmark of 6, we can evaluate the sufficiency of green space in the area.

Properties to Rent in Leeds on Rightmove

If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.

How to examine income data from Rightmove for Leeds

When considering Leeds, its population reaches 129288 individuals. It is useful to note that around 36% of the residents have attained a higher level of education and the average household income in the area is £38,322.37. Renters should take note that if the percentage of degree holders exceeds the regional average of 22.6%, it suggests that your neighbours are likely to be higher earners. While other factors contribute to neighbour quality, observing educational levels remains valuable.

What is the outlook for social rent and affordable housing according to Rightmove in Leeds?

There is often a negative stigma attached to affordable housing and social rent. If you are looking for Rightmove data concerning this, the percentage of people renting from the government is: 13%. Also, in Leeds, the average amount that people earn per household is £38,322.37. These are not standalone figures so it is important to compare this data to other factors such as the crime rate and also visit an area in person to truly see what it is like. Take these figures with a pinch of salt as there are areas that are unsafe in the UK where people earn a higher wage such as some areas in Central London. On the other hand, there are places with high amounts of social rent where crime rate isn’t high at all like in Ardwick, Manchester. People earn a humble average household income of £30,450 yet the rate of crime is just 1 out of every 1000 people.

A list of properties for Sale in Leeds on Rightmove

A look into Rightmove’s Leeds property as an Investment

When considering buying a house for an investment in the area of North East, you can click here to find further information about houses for sale. There are also a few metrics to look at that make the investment more appealing.



For instance, you should look at the number of property sales that the area has every month which is 3. This, alongside the city’s relative population, should give you an indication of the turnover. The turnover is a piece of data that looks at how many houses have been sold in relation to the number of properties there are.



On average throughout the UK, in a calendar year, this data is around 22% but for Leeds it is 1.01. Finally, a growing population is always a good sign. The change in population that has happened over the last decade has been 7%. So, you can make of that as you will.

Every month, properties are sold on the platform of Rightmove in Leeds and you can explore the topics below related to sales that give you an overview of the market.

In Leeds, what are the number of planning permission applications on Rightmove?

The city of Leeds, according to Rightmove listings, has a commendable planning success rate of nan and there are around 4 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Leeds.

Leeds’s rental yield on Rightmove explained

Rental yield is simply the annual amount of rent that is made from a property after expenses calculated as a percentage. As of 2023, the yield of Leeds is £0.
It is a wise idea to compare this figure to the rest of the UK. Areas with extremely high yields can get as high as 10% but on the low end where property is very expensive such as in Chelsea, London, yields can be as low as 1%. So use the figure of £0 for comparison.
Usually, when looking to invest in Leeds, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.

Property investment opportunities presented on Rightmove in the city of Leeds

There is a fair amount of insight that you can gather from the city of Leeds by looking at Rightmove data. You can use all of this data in order to invest properly armed with the right information. To begin, let’s have a look at the most important data that someone looks for when evaluating an investment in the area, £0 is the average rental yield and the average asking rent is £1,076.

The average for these figures are 4.4% and £1,143 respectively. You can make an investment work in any area and there is even less you won’t have to worry about these figures if you are buying to live in this home. So, look at the below figures with an element of reason and be prepared to make changes to the rent using a

section 13 rent increase as a landlord if there are changes in the economy and the cost to run a property goes up.


Number of bedrooms Average asking rent
1 LS1
2 £874
3 £1,280
4 no relevant data for this city
5 no relevant data for this city


In the area, using Rightmove data, what are most people selling their property for?

The average sold price of properties in Leeds, UK, available on Rightmove is £188,240. See the below table to work out what the sold price is based on detached housing, semi-detached housing, terraced housing and flats.

Category of property Average price
Flat £138,133
Terraced house £174,342
Semi-detached house £209,679
detached house £320,629

FAQ

Uncover the typical property asking price in Leeds through Rightmove data.

In Leeds, the mean price for residential properties up for sale is £188,240. The mean price for the average property valuation across the UK is £286,000.

Are there any undisclosed expenses associated with property searches on Rightmove within Leeds?

It’s essential for landlords to stay alert to an array of costs that you could be subject to as a landlord. These may include, stamp duty rates, costs that may come up due to renovation and also making sure they are aware of the things you can write off as a landlord in a limited company as opposed to your personal name.

According to Rightmove data, how prevalent is crime in Leeds’s vicinity?

The current crime rate in Leeds is such that 38329% incidents are recorded for every 1000 residents.

What are the house sales per month in Leeds?

To evaluate what listing portals like Rightmove would infer about the amount of properties that are being sold, consider that 3 properties are being sold every month.

According to Rightmove, what’s the mean price of a three-bedroom property in Leeds?

For properties encompassing three bedrooms, the typical asking price hovers around £1,280. This can be contrasted with the mean property valuations.

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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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