Move over Birmingham! Leeds is reportedly the next big thing for property investment, according to reports in the press. It’s not simply down to the medals won by Leeds triathlon heroes the Brownlee brothers, either. Properties for sale in Leeds are likely to rise in value by 2018, thanks to the revival of stalled city centre projects. Millions of pounds are also being poured into the city’s transport network. It’s looking like happy days for Leeds residents.
Here, we identify what’s going to happen in the near future, and take a look at Leeds properties for sale.
Why the Sudden Buzz about Leeds?
So, why are Leeds properties for sale likely to become more attractive in the near future? According to reports on the Guardian website, it’s down to a recently produced newsletter from Leeds Civic Trust, which contained the following information:
The Department of Transport approved Leeds’ £235million trolleybus scheme with a £173million contribution from the government.
The Northern Hub has full funding to the tune of £560million, which will significantly improve rail links in the three northern regions. Furthermore, a new southern entrance to Leeds city station will also receive funding.
John Lewis has confirmed that it will be the anchor tenant and finance the stalled Harewood development, which lies at the bottom of Eastgate. The council will demolish the eyesore that is the Millgarth police station. The area will be regenerated as a consequence.
Caddick developments will go ahead. The remaining empty land on Quarry Hill will be purchased and the stalled development kick-started. There are also proposals in the pipeline for Clarence Dock, Sovereign Square and the Lumiere site.
Dr Kevin Grady, head of the Leeds Civic Trust, said: “Despite the frequent news broadcasts predicting economic Armageddon, there are very positive signs of a measure of confidence returning. In spite of the recession, by 2018 the face of Leeds city centre looks set to show considerable and hopefully very impressive changes.”
Centrally Located Leeds Properties for Sale
So, what can you get for your money right now? Properties for sale in Leeds vary greatly in terms of both types and price. Choose from brand spanking new builds, red brick terraces and period properties. Leeds has the lot. Yes, there are deprived communities and problems to overcome, but it’s hoped that economic assistance will go some way towards making the whole of Leeds a better place in which to live and work.
Right now, it’s possible to pick up two bedroom flats in a city centre development for around £199,000. Whitehall Quay is popular with young, career-minded urbanites looking for riverside apartments. You’re looking at paying around £149,000 for a two bedroom apartment with a paved balcony and allocated parking space.
It’s also well worth checking out The Calls. This riverside development features one bedroom duplex flats starting at around £82,000.
Search My Homes Unlimited for a wide range of properties for sale in Leeds.
Sources: Guardian online, Property Wire.