Investment Area of The Month in South Leeds - Morley
Are you a Landlord looking to invest in South Leeds?
Morley is fast becoming one of the most popular investment hotspots in Leeds. Morley’s range of amenities, easy access to motorway networks, and community feel, is attracting a range of tenants to the area creating a strong demand for property.
Why Invest in Morley?
Average House Price in Morley - £186,590
The housing market In Morley is mainly dominated by semi-detached properties with an average price of £186,590; according to Rightmove. This is a 5% increase on the previous year, yet Morley remains cheaper than other suburbs of similar sizes across Leeds. In recent years, Morley has seen an influx of new build properties in the area, both apartments and houses, giving a more modern feel to the town and attracting a new range of residents.
Convenience is everything, and Morley gives you just that. Just a short 20-minute drive outside of Leeds City Centre, Morley is a hugely attractive spot for commuters who want to reside outside the city, whilst still having a range of amenities on their doorstep. What’s more, Morley is perfectly positioned to easily access the M62/M621, ideal for those travelling a little further afield. Public transport is not in short supply around LS27, with regular bus routes connecting to nearby towns and villages, whilst Morley train station offers regular services to Wigan, Huddersfield and as far as Manchester.
Morley is home to a whole host of amenities, attracting tenants of all ages. With plenty of local shops in and around the town of Morley, and White Rose shopping centre just 10 minutes down the road, there is no need to venture into the city centre for a spot of retail therapy. Morley also offers a vibrant nightlife, with a hub of bars, restaurants, and local pubs, making Morley an attractive spot for tenants looking for that city feel away from the bustle of Leeds.
Great Rental Return
The current average rental in LS27 is £724 PCM (according to data from Manning Stainton). Rental income varies based on the specific property size, position, and outdoor space. Properties that adhere to tenants needs, will generate a higher monthly rental income and in turn a higher gross yield.
What Are Tenants Looking For?
Morley is predominantly attracting families and professional tenants, that are looking for 2-3 bedrooms homes, with spacious living and modern features. Having outside space has become a distinct advantage in the property market since lockdown, as tenants are now prioritising the desire for a garden.
Properties On The Market In Morley
If you’re thinking of investing in the Morley area, take a look at just a few of the properties currently on the market. To give you some idea of the potential investment value, we’ve included an up-to-date valuation of the average rental income you could achieve and the gross yield this would generate.
£675pcm – 6.02%
£895 – 5.11%
£695 – 5.56%
*All Yield and PCM based on top condition of each property*
If you would like any more information on any of the properties listed or have any other questions about investing in Morley or the surrounding areas, please contact our Lettings team today on 0113 220 3465.
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