Why Invest In Wortley
We’ve taken a look at reasons why Pudsey is a hotspot for investors, now we are heading a little closer to the city centre to . Wortley is situated just one mile outside of the city centre and is fast becoming a key spot for investors. Wortley is divided into 3 areas; New Wortley, Upper Wortley and Lower Wortley all with differences, variations and investment potential.
Location and Accessibility
Location is key when it comes to Wortley; just 1 mile west of Leeds City Centre the initial attraction to the area is obvious. Whilst the commute to the city centre is almost non-existent, Wortley also benefits from close connections to motorways networks, appealing to those who work a little further afield. Whilst New Wortley is the closest to the Leeds City Centre, there are bus links from all 3 areas of Wortley connecting to Leeds and as far as Huddersfield.
Wortley is a largely residential area; this has been recognised by developers encouraging a flurry of new builds in the area over recent years. With numerous plans in place to continue development in the area, the potential for investment is only set to grow.
In term of amenities, Wortley has multiple parades of small local shops, whilst Upper Wortley is home to a large Asda store. Whilst Wortley has numerous pubs and takeaways in the area a short trip to nearby Armley high street offers a larger selection of amenities. Furthermore, as Leeds City Centre is just a stone’s throw away and the White Rose Centre on Wortley's doorstep the opportunity for retail therapy is endless.
Wortley has a number of primary schools in the area and 1 high school. However, the surrounding areas such as Farnley offer other large secondary schools with easy accessibility from the Wortley area.
Despite the close proximity to Leeds City Centre, the property prices in Wortley are significantly lower than the city centre, making an attractive market for investors. The overall average property price in Wortley recorded over the last year stands at £145,088 comparable to £196,222 of the city centre. Semi-detached properties in Wortley sold for an average of £123,886, whilst detached sold at £159,887 and flats reached an average of £107,185. Since 2016 house prices in the area have increased by 5%.
If you're looking to invest in Wortley, don't hesitate to contact our Wortley branch who will be happy to help you with your investment venture or if you're looking for someone to manage your property we have a range of properties managers who can make your life as a landlord a smooth process.
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