8 June 2016
Our research has revealed that the average sale price achieved by our team in the last 12 months was £229,000 – nearly £28,000 higher than the overall average sale price of a Chapel Allerton home which stands at £201,392.
Those homeowners selling their property with us typically achieved 99% of their asking prices and the average time on the market, from instruction to sale agreed, was just 49 days.
Our analysis of a range of independent data from Land Registry also explored the health of the wider property market. It found that the majority of all house sales in Chapel Allerton during the last year were semi-detached properties, selling for an average price of £207,370. Terraced properties were bought for an average of £199,762, with flats fetching £146,798.
Chapel Allerton, with an overall average price of £201,392, was similar in terms of sold prices to nearby Meanwood (£191,773), but was more expensive than Leeds (£180,675) and cheaper than Moortown (£225,224).
Overall sold prices in Chapel Allerton over the last year were 4% up on the previous year - and 9% up on the 2007 level of £184,577
It remains one of the most sought-after places to live in Leeds, retaining a strong community with a friendly and increasingly trendy village feel that appeals to our buyers. They tell us that it is one of the key reasons they are attracted to the area.
In particular, it continues to be a popular place for the younger professional almost 1-in-5 of the population is aged 20-24* - and those who are looking to start a family.
The great transport links to the city centre, surrounding villages and towns combined with the excellent-rated schools make a perfect combination.
It is increasingly renowned for its community events - arts festivals, street parties, the Chapel Allerton Cara Awards, and the Seven Arts Music Festival all combine to set the area apart from its neighbours.
Over and above this, there is the Chapel Allerton Tennis and Squash club, two bowling greens, and several smaller parks providing a rural village feel to a buzzing and lively centre.
The increasingly cosmopolitan Chapel Allerton also offers several trendy bars and restaurants to cater for everyones tastes from Greek to Italian to Spanish and Thai.
Not surprisingly, population research we have carried out shows that this demand for homes in Chapel Allerton is likely to increase further in the future.
The population served by our office on Harrogate Road currently stands at 158,830. An increasing number is aged under 15 highlighting the demand we see among buyers for good-sized family homes.
Within this population, well over half are economically active ensuring high degrees of spending power.
By 2018, this areas population is expected to have risen by almost 6%.
The demography of this part of North Leeds is estimated to change even further in the next five years, spiralling by 10 per cent on present statistics.
The most typical buyer attracted to this area is a thriving family who is busy bringing up children and following careers, followed by residents of settled urban communities with a strong sense of identity and love of technology.
**Data sourced from Land Registry, last updated 29th April 2016. Demographic information taken from Experian report Oct 2015.