Why Invest in Beeston
Beeston is a suburb just 2 miles south of Leeds City Centre, with such close proximity to the busy city of Leeds, Beeston is a prime spot for someone looking for an investment opportunity. If you’re thinking of venturing into the world of property development or would like to expand your portfolio, we’ve taken a look at all the reasons why Beeston should be your next spot for investment.
Amenities
Just a stones through away from Leeds City Centre means the list of amenities within a short distance of Beeston is almost endless. Within Beeston itself, there is a range of restaurants, takeaways, pubs and gyms alongside the ever-popular Elland Road and White Rose Shopping Centre on its doorstep. For those looking for all the amenities of the city without the price tag of central properties, Beeston is a good alternative, making it a great spot to invest.
Property Value
Property value in Beeston is considerably lower than the likes of Leeds City Centre. With terraced houses making up the majority of house sales in the previous year, they sold for an average of £93,830 whilst detached property sold for an average of £133,563 and flats £73,545. Beeston average selling price stands at £107,098 significantly cheaper than neighbours Leeds City Centre, Armley and Morley, an attractive element for something looking to invest.
Rental Demand
The Rental demand in Leeds is strong; in general, Leeds has a huge student population, with over 65,000 students across the city creating a high demand for rental properties alone. Whilst many students swarm to vibrant student areas such as Hyde Park and Headingley, increasing house prices is resulting in students looking to areas with lower rents such as Beeston. Leeds is often described as the powerhouse of the North with many people moving to the area for career opportunities. Whilst Leeds City centre has an array of properties for rent, many are looking to areas outside of Leeds for lower rents and easy access to the city.
Popular With First Time Buyers
Beeston offers a range of properties suitable for First Time Buyers in terms of location, size and price. With increased interest from first-time buyers, it’s easy to see why Beeston is a hotspot for development.If you’re looking to invest in Beeston contact our Beeston Office today or if you would like someone to manage your investment property we have a team of property managers wanting to hear from you!Manning Stainton Beeston | 293 Beeston Rd, Leeds LS11 7HX | Tel: 0113 270 7700 |
