Leeds is one of the most exciting cities in the North of England, which is why so many people choose to make it their home. With a top university, international sporting venues and a thriving shopping and cultural scene, it’s easy to see why.
Whether you are trying to get onto the property ladder for the first time, want to raise a family in the city, or buy a flat, you need to know how much it is going to cost you.
And if you’re looking to sell your house fast in Leeds, contact us to see how we can help you.
Here is an in-depth guide on property prices in Leeds.
Leeds house prices by area
The cost of a property in Leeds will vary significantly, depending on the area you want to move into. For first time buyers or people with a limited budget, some of the most inexpensive parts of the city are:
The cheapest area of these is Holbeck, which currently has an average property price of £116,787. You will find lots of first time buyers living in this part of the city.
Osmondthorpe, meanwhile, has an average property price of £187,430.
On the other end of the spectrum, there are areas of Leeds which are more pricey. These include:
- Collingham, Rigton & Harewood
- Bramhope & Pool-in-Wharfedale
- Wetherby West
The average house price in Collingham is around £460,000 – although some figures suggest that this figure may be even higher. Likewise, in Wetherby West, the average house price is £355,000 – although this figure appears to be rising, too.
Leeds house prices by property type
The cost of buying a property in Leeds will vary significantly, depending on the type of house you want to purchase.
The most expensive type of property to buy is a detached house – and in Leeds, this will cost you (on average) £473,000. For middle-aged people who want to raise a family in the city, this is a common option.
Meanwhile, if you want to buy a semi-detached house in Leeds, then this will cost you around £253,000.
Buying a terraced house in Leeds will cost you, on average, £194,000. This is a common option for first time buyers who want to move into the area.
The most inexpensive type of property in Leeds is a flat/maisonette, which costs an average of £160,000.
Have property prices in Leeds increased?
Some areas of Leeds have seen significant property price increases – while other areas have decreased in average price. The most noticeable increase is in the suburbs of the city, as more people prioritise a home office and a bigger garden in a post-Covid world.
A few examples of areas where house prices have increased include:
The largest increase in average price was in Guiseley, where it went up by 17.7%. The second largest increase was in Rothwell, where there was an increase of 12.9%.
On the other hand, there are areas in Leeds where property prices decreased in 2021. A few examples of these areas include:
- Lawnswood and Ireland Wood
- Cross Gates West and Killingbeck
- Seacroft North and Monkswood
Holbeck, for example, had an average house price reduction of 5.4%, and in Lawnswood and Ireland Wood the average price fell by 4.7%.
What is the average house price in Leeds?
Throughout 2021, the average house price in Leeds increased by 12% (£27,000), bringing the average price in the postcode up to £264,000.
In this same year, the vast majority of properties were sold in the price range of £150,000 – £200,000, with 2045 (20.1%) properties sold in this range.
The next most popular price range was £100,000 – £150,000, with 1694 (16.7%) properties sold in this range.
Therefore, while the average house price is £264,000, more transactions take place at the lower end of the market.
Sell your house fast in Leeds
If you’re looking to make a quick house sale in Leeds, you’ve come to the right place. We Buy Any Home are the perfect cash house buyer to help you sell your house fast in Leeds.
Whether you’re thinking of selling in Holbeck, Beeston and Hunslet or Hyde Park and Horsforth, we purchase anywhere in the city, so get in touch to chat about our service and your needs.
Once you’ve decided to go ahead, we’ll take care of all the details. That includes instructing and paying for solicitors and dealing with estate agents and mortgage companies. And we’ll do it all for no charge.
Want to know more about how all it works? Then get a free, no obligation cash offer from us now by entering your postcode in the box below.