Why Invest In Pudsey
Leeds is a well-established powerhouse of the north, investment in the city is thriving, with many areas ranking highly on investors’ list of hot spots. Looking out to the suburbs there is a selection of areas that are peaking in their property investment potential, one of which is Pudsey. Lending its name to the ever-famous Pudsey Bear, the historic town of Pudsey has grown in popularity over the years and is fast becoming one of the most popular Leeds locations for investment. We’ve taken a look at just some of the reasons why.
Infrastructure and Transport
Located mid-way between Leeds and Bradford, Pudsey proves to be the ideal spot for commuters of either city. Offering efficient links to motorway networks, including the M62 and M1, Pudsey also attracts the attention of those who work a little further afield. In terms of public transport, New Pudsey Train Station underwent refurbishment in 2013, to expand its car park facilities to almost double its original capacity. The station runs both Eastbound and Westbound trains between Leeds and Bradford as regularly as every 15 minutes, alongside further connections to Manchester and Blackpool up to twice an hour. The resourceful transport links encourage a range of demographics to the area, widening the target for potential investors.
Property Development
Over recent years Pudsey has seen an influx of new housing developments in the area, from apartments to large detached family homes. The developments are designed to appeal to the wide audience that Pudsey attracts. Farsley has also seen a rise in new development properties, including the St. Johns View development, offering spacious townhouses and large detached properties.
Local Amenities
With so many developments attracting a range of people to the area, Pudsey is beginning to respond in terms of its amenities. With a combination of high street chains and independent shops, bars and restaurants, Pudsey is an attractive town for anyone looking to be out of the city centre but wanting easy access to a long list of amenities. These improvements and growth in the area, again make Pudsey an attractive market for investors.
Property Prices
When making a comparison across Leeds postcodes, the average property price in Pudsey, sits at the lower end of the scale, with prices significantly lower than its neighbours including Calverley and Leeds City Centre. Over the past 5 years, reports suggest Pudsey has seen a 20% increase in property value which is continuing to rise, offering an attractive market for investors. The price point of properties in the area has also made Pudsey a hotspot for First Time buyers, who are flocking to the area to venture onto the property ladder. This being said the rental market within the area remains strong, with a vast amount of schools drawing families to the area, rental properties are in high demand.
Potential Investment Properties
Are you thinking of investing? If you would like any further advice on property management or want to see what is currently on the market that could be worth investing in please contact your local Manning Stainton branch.
