Neighbourhood Watch: Chapel Allerton, Leeds

Neighbourhood Watch: Chapel Allerton, Leeds

Chapel Allerton Property Investment Often referred to as the ‘Notting Hill of the North’, Chapel Allerton is a picturesque neighbourhood in Leeds, listed as one of the best areas to live in 2018 by The Sunday Times. Business Chapel Allerton’s most dominant industries are healthcare, retail, education, technology and the arts. The biggest employer in

Neighbourhood Watch: Chapel Allerton, Leeds

Chapel Allerton Property Investment

Often referred to as the ‘Notting Hill of the North’, Chapel Allerton is a picturesque neighbourhood in Leeds, listed as one of the best areas to live in 2018 by The Sunday Times.

Business

Chapel Allerton’s most dominant industries are healthcare, retail, education, technology and the arts.

The biggest employer in the area is the NHS, who run Chapel Allerton Hospital and a local surgery. Retailers including Lidl and the Co-Operative hire locals as well, while West Yorkshire Police have a nearby station on Stainbeck Lane.

Transport

Chapel Allerton benefits from Leed’s efficient public transport system. The main bus routes that go along Harrogate Road are the 2 and 3/3A, both of which run every 10 minutes during peak times. The 48 and 91 also stop on this road, while the 7A and 7S go along Scott Hall Road en route to Moor Allerton and Alwoodley.

The nearest train station is Headingley, although it’s over two miles away. Leeds station is only marginally further away and is easier to get to.

Culture

Home to a thriving atmosphere, Chapel Allerton is a beacon culture. Seven Arts, an independent arts space, housing a 100-seat venue for film, theatre, dance, music and comedy is a celebration of the local community’s art scene.

Alternatively, Inkwell Arts is a charity-run centre focusing on using creative spaces to help with mental health and people with learning disabilities. They offer a range of different activities that are open to all including painting and creative writing plus a jazz music show on Sundays.

A popular area for young professionals, Chapel Allerton is home to some of the trendiest beauty houses in Leeds. Complete with vintage leather barber chairs, exposed brickworks and Chesterfield sofas, Coldbath has been the go-to place for men’s haircuts since 2001. On the other hand, Cutting Room Creative is a L’Oreal Professional hair salon winning awards for over 30 years.

Cuisine

From North Star coffee at House of Koko to Thai Green Curry at Sukhothai and quesadillas at Pinche Pinche, Chapel Allerton is home to an abundance of cuisine varieties to cater to the growing young professionals choosing the stunning neighbourhood.

Nightlife

When it comes to nightlife, residents are spoilt for choice. Boasting a range of Casque Marque ales and a variety of wines, as well as a traditional British menu, The Mustard Pot is a cosy spot to unwind-perfect for the hardworking professional. From exotic cocktails to decadent shakes, The Pit is Chapel Allerton’s hotspot for nightlife.

Caspar’s Bottle Shop is Chapel Allerton’s go-to place to get craft beer. They’ve got all of Leeds’ best- North, Kirkstall and Northern Monk, alongside other favourites from further afield like Mad Hatter, Wylam and Magic Rock.

Greenery

Gledhow Valley Woods is a 1.5km ribbon of wood and grassland along the eastern edge of Chapel Allerton. Follow the route through the woods along Gledhow Beck, looking out for birds, hedgehogs, and butterflies as you go.

         

 

info@tarquinjones.comNeighbourhood Watch: Chapel Allerton, Leeds
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Best Northern UK cities to invest in

Best Northern UK cities to invest in

The Northern Powerhouse continues to have the desired effect of regenerating major northern UK cities. As a result of this, investors looking for excellent Buy-To-Lets delivering on capital growth and rental returns are turning to these northern hotspots. IP Global’s latest report has listed the following as the best UK northern property hotspots- Liverpool The

Best Northern UK cities to invest in

The Northern Powerhouse continues to have the desired effect of regenerating major northern UK cities. As a result of this, investors looking for excellent Buy-To-Lets delivering on capital growth and rental returns are turning to these northern hotspots.

IP Global’s latest report has listed the following as the best UK northern property hotspots-

Liverpool

The North West of England in general is a prime property hotspot and Liverpool sits right at the heart of all the regeneration the region is experiencing. £5.5 billion has gone into the city centre alone in terms of rejuvenating the cities infrastructure, transport links and amenities. This money has trickled out into surrounding areas like Bootle and Birkenhead which combine excellent rental yields with capital appreciation- the L7 postcode alone is bringing in average rental returns of a huge 12.63%.

House prices in Liverpool have risen by 2.4% over the last year and monthly rents have risen by 5.2% over the same time period to £765. Properties in the private sector are becoming more and more popular with landlords with 26% of all homes built last year being bought by investors. This just goes to show the city is proving popular with those looking to capitalise with Liverpool set to become a true international city in the upcoming years.

Manchester

Forming part of the North West with Liverpool, Manchester is also pinned by IP Global’s report as a major property hotspot. JLL predicts rental growth to hit 16.5% over the next four years, average yields in the city are currently around 7%, with properties priced at an average £182,630 – a 10.4% rise over the past year according to the figures.

Graham Davidson, managing director at Sequre Property Investment, said: “Investors who continue to chase capital growth in the south rather than switching to the north-west may find themselves struggling not only to break even on rental yields, but to make any capital growth profit.”

Birmingham

The prospect of HS2 has played a massive role in Birmingham’s status as a UK property hotspot. Many major companies and businesses have relocated there, HSBC and Deutsche Bank being two, and as such demand for property here is incredibly high. Here, yields according to IP Global are 6.2% annually, while an average property can be bought for £200,430, which is 8.9% higher than last year.

New proposed metrolinks running in the city centre easily links it to the HS2 station and Birmingham International Airport contribute to the major regeneration happening. With big works being done to Birmingham New Street station as well, many investors are eyeing up off-plan developments at the heart of all this with huge capital appreciation expected in the future.

The Birmingham area is set to be transformed for the 2022 Commonwealth Games, so investors who buy now will be set to benefit from this added investment as well.

Leeds

IP Global’s report shows that Leeds is struggling big time to meet the ever-growing demand for property. 90,000 new homes are needed by 2021 but there are only 60,000 in the pipeline. This shortfall is only set to bump up prices even further in Leeds with the city already rising by 4% over the last year. Rental growth is expected to rise by 18.8% by 2022 as well according to research.

Yields of 6.8% can be achieved in the area, with average homes costing £196,720 and rents fetching £947 a month.

Hamish Pound, the head of investment at IP Global, said: “We advise investors to focus on supply and demand because an imbalance here is likely to provide the greatest gains.”

A common feature of all these major cities is the fact they are all big student/university towns. This only serves to increase the demand further as more and more flock to these hotspots to study and live there. Prices can only go up further because of the supply struggling to meet this sustainable growing demand.

For more information on our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

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Best UK student towns to invest in

Best UK student towns to invest in

Student investment opportunities are proving a shrewd investment for those looking to capitalise on the shortfall of purpose build student accommodation (PBSA) being built in university towns across the UK. The student market has proven popular with many because of not only the lack of PBSAs but the increasing number of those studying in the

Best UK student towns to invest in

Student investment opportunities are proving a shrewd investment for those looking to capitalise on the shortfall of purpose build student accommodation (PBSA) being built in university towns across the UK. The student market has proven popular with many because of not only the lack of PBSAs but the increasing number of those studying in the UK including both domestic and foreign students. But which cities offer the best return on investment for student lets? We find out here in the Top 5 Student Property Towns to Invest In.

Liverpool

Liverpool is one of the best investment locations in the UK right now so it’s no surprise that a city with over 67,000 students living there is also one of the best student investment locations. Liverpool has 5 different higher educational institutes, including Liverpool University, within its Knowledge Quarter district and with a shortage of around 22,000 bed spaces in Liverpool for the cities student population, prices are only being driven up on the few PBSAs that are available. Brand new developments such as Aura in the city centre offer many investors an exciting town sure to deliver on capital growth and yields alike.

Manchester

Manchester has a huge student population with over 85,000 studying there so the demographic for anyone that owns student BTL property is huge. A total of 350,000 students are only an hour’s drive from Manchester as well, increasing the demand for student property even more. The graduate retention is 51% which is second only to London meaning that Manchester’s employers benefit hugely from having them there. 39,700 study at the University of Manchester alone and a further 19,000 at Salford University, meaning that sites like X1 The Campus are well placed to secure a good rental income whilst being in touch with the cities amenities.

Leeds

Leeds has long been a favourite town of those investing in student accommodation and, with so many top universities there such as the University of Leeds, Leeds Trinity University and Leeds Beckett University, it’s not hard to see why. The city has a student population of approximately 70,000 people and the amount of housing available through the University of Leeds is only 9,050, meaning that more and more students are turning to privately owned PBSA developments in the city centre. With high yields of around 8%, investors see Leeds as a great student town to put their money into.

Huddersfield

Huddersfield is recognised as a significant, established and growing student town popular with domestic and international students. The University of Huddersfield is home to more than 24,900 students and £80 million has been spent on the universities main campus in the last decade. There is a significant imbalance in terms of the PBSA sites in Huddersfield right now- many are outside the main town centre over 4 miles away and require hundreds of students to travel via bus to get there. Sites within walking distance of the universities however, like Crane Court, have an immediate advantage in this sense and as such many investors are buying into sites like this one which not only offers a stable income with great growth prospects but also are attractive from a resell perspective years down the line.

Sheffield

Over 63,000 students study in Sheffield every year including more than 7,000 overseas students making this location a prime town to invest in. Many major towns have an outstanding university but in Sheffield’s case they have two of the best and biggest- Sheffield University was named Times University of the Year back in 2011 and Sheffield Hallam University is the 4th largest university in the UK, meaning no investor should be stuck looking for a potential tenant in such a desirable area. Sheffield is one of the most popular places to study in the UK and interestingly has one of the lowest crime rates, marking it as a safe town to both invest and live in.

Bristol

Similarly to Sheffield, Bristol is also home to two excellent universities with the University of Bristol recognised as one of the UKs finest and the University of West England- between them they have around 50,000 students studying at both universities. Bristol itself is a major property hotspot- The Sunday Times voted it the best place to live in the UK in 2017 and this extends well to the student population. The University of Bristol accounts for 6,000 houses geared for its students and with so many more students needing somewhere to live, investors are taking a firm interest in the student lets market in Bristol. High yields of around 8% only cement this as an excellent student town to invest in.

There has been a significant increase in the popularity of student accommodation due to property investors searching for alternative investment markets. This extraordinary demand shows no sign of slowing down which means universities across the UK are now facing the problem of housing students. Many institutions fail to house their entire first year intake and accommodation for years 2 and 3 is even scarcer. Now, with approximately 493,000 students placed for the 2016/17 academic year according to UCAS, demand is skyrocketing; making this market as attractive to investors as it has ever been.

For more information on our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

 

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Property Investment Hotspots – Leeds

Property Investment Hotspots – Leeds

In the latest feature of Property Investment Hotspots, we will be looking at Leeds as one of the best places to put your money into. Similar to the last few cities we’ve covered, Leeds has masses of regeneration occurring, a high population with a shortage of property, and is a student town with a young

Property Investment Hotspots – Leeds

In the latest feature of Property Investment Hotspots, we will be looking at Leeds as one of the best places to put your money into.

Similar to the last few cities we’ve covered, Leeds has masses of regeneration occurring, a high population with a shortage of property, and is a student town with a young average age. All of this and more combines to make Leeds a great option to start or expand your Buy-to-Let property portfolio.

Regeneration

There are hundreds of development projects underway in Leeds. One of the most notable is the massive South Bank scheme which is set to double the size of the city center to create 35,000 new jobs and 8,000 new homes.

The redevelopment of Leeds does not just include the city center. There are also plans in place for a £400 million regeneration project on the outskirts of the city with the development set to incorporate 112 houses and apartments and more than 31,000 sq. ft of commercial space. The £400m Kirkstall Forge scheme runs along the banks of the River Aire and is being progressed by Commercial Estates Group.

Construction work and redevelopments populate much of Leeds and this is often a sign that a city is set to be transformed in the coming years.

Strong economy

The economy of Leeds has seen the fastest rate of private sector jobs growth of any UK city. It has the largest legal and financial sector in the UK outside of London and as of 2011, it’s financial and insurance services industry was worth £2.1 billion. Over the next ten years, the economy is forecast to grow by 25%.

It’s not just the city of Leeds that looks set to grow but the region of West Yorkshire as a whole as well. Now worth £50 billion, the regional economy has expanded by 40% since 2007. This goes to show that even commuter areas in and around Leeds are viable investment options, particularly with the aforementioned regeneration projects like Kirkstall Forge.

Value for money

Whilst Leeds is set to grow in terms of capital growth, house prices are still at an affordable rate in comparison to some of the other major UK cities. The average London house price paid over the last 12 months is £639,629 (Zoopla). Compare this to the Leeds average at £198,622 and it’s easy to see why many first-time investors are shying away from the capital and taking a strong interest in cities like Leeds. They’re simply more accessible at this moment in time.

Investor confidence high

Over £13 billion worth of investment is currently being built or in the pipeline in Leeds. Deloitte’s published their Leeds Crane Survey which showed 20 major construction projects were completed in 2016 including the highest amount of office space delivered to market since 2007. This goes to show that its not only residential property that is in huge demand, but commercial property as well.

Northern Powerhouse

Like many other major UK cities in the north of England, Leeds has grown exponentially since the Northern Powerhouse initiative was established. Information in the UK Powerhouse report showed that Leeds’s economy had grown by 8% since the government launched the initiative at the end of June 2014. London meanwhile could only grow by 6.9% in comparison.

With HS2 on its way to Leeds in the future as well, transport links are set to be enhanced even further. Already the busiest station in the north of England, passenger numbers using Leeds Station are forecast to more than double over the next thirty years; reaching a level similar to those at Gatwick Airport. HS2 will provide a station that will combine with the existing station to create a facility that will accommodate over 60 million passengers a year.

Supply and demand

The local population of Leeds has increased sharply in recent years, and driven up demand for property from buyers, renters and investors. Demand continues to outweigh supply at the moment and this is likely to continue throughout the year. The increase in demand is also showing in the suburbs, as people start to look for more value for their money.

There are plenty of developments underway, with thousands of new homes currently under construction across the city. These aim to bridge the gap between supply and demand in Leeds, where the average house price is now £198,622 (Zoopla).

Young student population

To provide a fresh, young workforce for so many diverse industries, Leeds is served by four universities, as well as a range of college’s and institutions including Leeds Art College. This explains why Leeds has the fourth largest student population in the country, with over 200,000 people studying in the city.

Each property sector in Leeds is supported well. Residential property is great to go for as a traditional option because of the supply and demand gap. Commercial sites are excellent because of the massive infrastructure works leading to more office space and shops. And student accommodation provides sustainable income because of Leeds’ status as a student city.

Whichever you choose to go for, you are safe in the knowledge you’re investing in one of the UK’s premier property hotspots.

For more information on our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

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Property Investment Hotspots – Leeds

Property Investment Hotspots – Leeds

In the latest feature of Property Investment Hotspots, we will be looking at Leeds as one of the best places to put your money into. Similar to the last few cities we’ve covered, Leeds has masses of regeneration occurring, a high population with a shortage of property, and is a student town with a young

Property Investment Hotspots – Leeds

In the latest feature of Property Investment Hotspots, we will be looking at Leeds as one of the best places to put your money into.

Similar to the last few cities we’ve covered, Leeds has masses of regeneration occurring, a high population with a shortage of property, and is a student town with a young average age. All of this and more combines to make Leeds a great option to start or expand your Buy-to-Let property portfolio.

Regeneration

There are hundreds of development projects underway in Leeds. One of the most notable is the massive South Bank scheme which is set to double the size of the city center to create 35,000 new jobs and 8,000 new homes.

The redevelopment of Leeds does not just include the city center. There are also plans in place for a £400 million regeneration project on the outskirts of the city with the development set to incorporate 112 houses and apartments and more than 31,000 sq. ft of commercial space. The £400m Kirkstall Forge scheme runs along the banks of the River Aire and is being progressed by Commercial Estates Group.

Construction work and redevelopments populate much of Leeds and this is often a sign that a city is set to be transformed in the coming years.

Strong economy

The economy of Leeds has seen the fastest rate of private sector jobs growth of any UK city. It has the largest legal and financial sector in the UK outside of London and as of 2011, it’s financial and insurance services industry was worth £2.1 billion. Over the next ten years, the economy is forecast to grow by 25%.

It’s not just the city of Leeds that looks set to grow but the region of West Yorkshire as a whole as well. Now worth £50 billion, the regional economy has expanded by 40% since 2007. This goes to show that even commuter areas in and around Leeds are viable investment options, particularly with the aforementioned regeneration projects like Kirkstall Forge.

Value for money

Whilst Leeds is set to grow in terms of capital growth, house prices are still at an affordable rate in comparison to some of the other major UK cities. The average London house price paid over the last 12 months is £639,629 (Zoopla). Compare this to the Leeds average at £198,622 and it’s easy to see why many first-time investors are shying away from the capital and taking a strong interest in cities like Leeds. They’re simply more accessible at this moment in time.

Investor confidence high

Over £13 billion worth of investment is currently being built or in the pipeline in Leeds. Deloitte’s published their Leeds Crane Survey which showed 20 major construction projects were completed in 2016 including the highest amount of office space delivered to market since 2007. This goes to show that its not only residential property that is in huge demand, but commercial property as well.

Northern Powerhouse

Like many other major UK cities in the north of England, Leeds has grown exponentially since the Northern Powerhouse initiative was established. Information in the UK Powerhouse report showed that Leeds’s economy had grown by 8% since the government launched the initiative at the end of June 2014. London meanwhile could only grow by 6.9% in comparison.

With HS2 on its way to Leeds in the future as well, transport links are set to be enhanced even further. Already the busiest station in the north of England, passenger numbers using Leeds Station are forecast to more than double over the next thirty years; reaching a level similar to those at Gatwick Airport. HS2 will provide a station that will combine with the existing station to create a facility that will accommodate over 60 million passengers a year.

Supply and demand

The local population of Leeds has increased sharply in recent years, and driven up demand for property from buyers, renters and investors. Demand continues to outweigh supply at the moment and this is likely to continue throughout the year. The increase in demand is also showing in the suburbs, as people start to look for more value for their money.

There are plenty of developments underway, with thousands of new homes currently under construction across the city. These aim to bridge the gap between supply and demand in Leeds, where the average house price is now £198,622 (Zoopla).

Young student population

To provide a fresh, young workforce for so many diverse industries, Leeds is served by four universities, as well as a range of college’s and institutions including Leeds Art College. This explains why Leeds has the fourth largest student population in the country, with over 200,000 people studying in the city.

Each property sector in Leeds is supported well. Residential property is great to go for as a traditional option because of the supply and demand gap. Commercial sites are excellent because of the massive infrastructure works leading to more office space and shops. And student accommodation provides sustainable income because of Leeds’ status as a student city.

Whichever you choose to go for, you are safe in the knowledge you’re investing in one of the UK’s premier property hotspots.

For more information on our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

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