Investment Area: Morley
If you're looking to invest in property or expand your existing property portfolio, Morley (LS27) is a great option in Leeds, and here's why.
Why Invest in Morley
Morley has become an extremely popular location to invest in due to its major development in the last few years, with the introduction of trendy new bars and eateries, appealing to young professionals. Families are also interested in the area due to the number of good primary schools, coupled with the wealth of local amenities and things to do.
Average House Prices in Morley
Over the last year, the average house price in Morley was £222,867 according to Rightmove, with the majority of the sales consisting of semi-detached houses. There has been an increase in new build developments over recent years across Morley, offering a range of family homes. Terrace properties around Peel Street and Clough Street are always in demand due to their proximity to the town centre, and you can purchase a two-bedroom terrace house in the region of £150,000. Most of these properties will command a rent upwards of £850pcm, which equates to a yield of 6.8%.
*(These are approximate figures based on statistics and properties for sale at the time of writing Oct 2024. These could vary and exact figures would be based on your property and market trends.)
Transport Links In Morley
Morley sits just 5 miles outside of Leeds City Centre, and it's the close proximity that makes it such a convenient location and so attractive to young professionals. The area has regular bus services that connect to the centre of Leeds, plus Morley train station gets you to Leeds Train Station in roughly 20 minutes, which opens up links to other Northern Cities further afield. Anyone with a slightly longer commute has great access to the M62 motorway too. The transport options mean Morley is a viable destination for all kinds of potential tenants looking to rent in the Leeds area.
Education in Morley
Morley is a favourite amongst families, which is good news for investors looking to secure bigger properties in the area. The demand from families is consistently strong due to the wealth of good schools. Morley is home to no less than six primary schools and three secondary schools and ranges from good to outstanding based on the latest reports from Ofsted.
Amenities in Morley
Morley has its fair share of amenities for residents to enjoy. Morley Leisure Centre comes complete with a swimming pool, gym, fitness studio, and multi-purpose courts for sports like badminton, basketball and gymnastics. It's also home to Morley Sports Lounge, a local facility equipped for playing pool, snooker or darts. There are also several sports clubs in the area, from Morley Football Club to local running and cycling groups.
Morley has some fantastic local independent outlets, plus some bigger shopping destinations, including the traditional Windsor Court shopping centre, which has been a go-to for locals for several years. White Rose Shopping Centre is also less than a 10-minute drive away and a selection of high street retailers, food options and a cinema too!
Overall, Morley is great part of Leeds to invest in. Thanks to its wealth of amenities, affordability, and convenient location, Morley appeals to a wide range of tenants, including young professionals, couples, and families.
