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Rental Yields Rise On Woodside Terrace, Burley, Leeds

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Published: 12/09/2018   Last Updated: 17/10/2018 11:57:18   Tags: Rental Yields, Burley, Leeds

A landlord I know has owned a property on Woodside Terrace for the last 22 years and we’ve been managing the property for the past 4 years. She came in to our office to discuss the rise and fall of property prices on the street and how this has affected her yield over the years.

In 1996, she purchased the property on Woodside Terrace for just £28,500. The average value of for a house on the street was £30,320.

Fast forwarding a few years…. between 2010 and 2012 sales on the street recorded an average price of £114,750 - an increase of 402% within 16 years. The rental yield at this time on Woodside Avenue was 4.92% (an average of £470pcm).

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Burley has some of the most affordable properties in Leeds

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Published: 05/09/2018   Last Updated: 17/10/2018 11:50:28   Author: JG    Tags: Burley, Leeds, Buy To Let, Property Prices

A landlord came in to our office earlier this week to discuss the affordability of property in Burley, with the current national market property market being in recovery with increasing house prices. Some of the best advice I can give to those looking to invest in property is our secret trick of the trade. You can judge the affordability of a town by simply finding the ratio of the average property price to the average salary. The lower the ratio, the more affordable property is.

When we put this to the test, we found that Burley currently has an average property value of around £166,000 with the average salary being £25,203. This is a respectable ratio of 1 to 6.59. We tested this against our other local postcodes.

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Burley or Kirkstall - which is better for a Buy To Let investment?

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Published: 15/08/2018   Last Updated: 17/10/2018 11:37:13   Tags: Buy To Let, Burley, Kirkstall, Leeds

Should you be investing in Burley or Kirkstall when it comes to property?

Kirkstall covers a slightly larger geographic area but Burley has a higher concentration of houses. Each have a similar number of homes at around 5000 each. Burley is closer to the city centre and is known for its traditional Leeds style terraced properties.  Kirkstall is slightly farther away from the city centre in a north westerly direction travelling along the A65/Kirkstall Road, and has more semi detached properties. For these reasons Burley tends to attract a younger population and Kirkstall tends to attract more families.

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