As one of the country’s major cities, Leeds is one of Northern England’s most economically important districts. Leeds has a population of 781,700, all of whom would argue that the city is the capital of Yorkshire, the biggest county in Great Britain.
Leeds continues to grow, with plans to improve the transportation links between the city and London, while the population in suburban areas also increases year on year. On top of this, Leeds also welcomes plenty of visitors on a daily basis – boasting the third busiest railway station outside of London. When you take all of these factors into consideration, it is no wonder why so many prospective buyers are looking towards LetsBid’s Leeds property auctions as a viable means of investing in the area.
Average House Price in Leeds
The average price for a house in Leeds stands at just under £200,000, making this one of the most expensive cities in which to buy a property in Yorkshire. However, compared to London, the average value of a house in Leeds is less than half, making the city an attractive one to buy in.
Thanks to Leeds' steady rise in population, the housing market remains in demand and has enjoyed a steady rise. Leeds is a city where prospective buyers can still find terrific value for money, whilst sellers can expect to make a tidy profit on their investment. This Yorkshire city presents the best of both worlds.
Top Leeds Attractions
As you enter Leeds, it won’t take you long to realise that the city’s sports teams are its beating heart. Leeds United has a long history of being one of English football’s mega powers. With Elland Road, the club’s near 38,000 capacity stadium, always close to a sell-out, there is no better way to experience what it means to be a Leeds resident. Yorkshire County Cricket Club is also based within the city, playing their games at Headingley, as do Leeds Rhinos (Rugby League) and Yorkshire Carnegie (Rugby Union).
However, sport is not all that Leeds is known for, with the city boasting a wealth of history and culture with attractions such as Harewood House and Gardens, Kirkstall Abbey and Abbey House Museum amongst others. Local residents enjoy some of the most exciting attractions in the country, which is just another reason why house auctions in Leeds are always hugely popular.
Demand for Leeds Property
As the city continues to grow, with an ever-increasing population and developing economic importance, demand also continues to grow. For prospective buyers looking to invest in the city, there really isn’t a better time than the present - especially if you are keen to see a return on your investment.
With already well-established transportation links to cities such as Manchester, Liverpool and Birmingham, as well as the improvements to links with London, Leeds is fast becoming a northern hotbed. By making an offer via our Leeds property auctions, prospective buyers can benefit from maximising the value for their money.
What Happens When You Agree on a Price?
As a prospective buyer, you will be happy to know that LetsBid helps to cut through the red tape, minimising the admin time between making an offer and acquiring the keys. Through our registration process, all of the relevant checks are made, making life easier for both the buyer and our network of vetted estate agents.
Once an offer has been accepted via our Leeds house auctions, the property is then taken off the market for 28 days while the buying party makes the relevant arrangements in order to complete the purchase. Once this is complete, the keys are then handed over.