Cookridge Property Market Update June 2016

Cookridge Property Update June2016
Linley & Simpson estate agents in Horsforth research has revealed that the average sale price achieved by our team here at Linley and Simpson in the last 12 months was £274,333 – more than £60,000 higher than the overall average sale price of a Cookridge home, which stands at £212,598.

What’s more, those homeowners selling their property with us typically achieved 99% of their asking prices.

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 Cookridge during the last year were semi-detached properties, selling for an average price of £200,037. Detached properties sold for an average of £304,247, with terraced properties fetching £173,890.

Cookridge, with its overall average price of £212,598, was cheaper than nearby Adel (£265,369) and Horsforth (£243,805).

Overall sold prices in Cookridge over the last year were 9% up on the previous year and 11% up on the 2007 level of £191,625.

RM Horsforth3

As well as being the birthplace of TV presenter Jeremy Paxman, it is also home to a diverse mix of properties – new and old, small flats to large detached family houses.

This reputation for variety extends throughout the community. For example, sports lovers have on their doorstep the likes of Cookridge Hall Golf Club and driving range, Old Modernians Rugby Club, and Holt Park Leisure Club.

For food and drink aficionados, there are various eateries, including Gusto, the Yorkshire Crust for breakfast, Fox and Hounds pub, and Crag House Farm. 

Location wise, Cookridge boasts easy access to the ring road connecting it to Leeds and out into the countryside. It is close to Leeds-Bradford airport and Horsforth train station - on the Cookridge side of Horsforth – offers frequent trains into Leeds and out to Harrogate and York. 

It remains one of the most sought-after suburbs 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.

Research shows that most common buyer is likely to be established families in large detached homes living upmarket lifestyles. There is also a high number of elderly people with assets who are enjoying a comfortable retirement.

Not surprisingly, population research we have carried out shows that this demand for homes in Cookridge is likely to increase further in the future as the local ageing population continues to grow.

The population served by our office on Station Road office in Horsforth, which covers Cookridge, currently stands at 59,200.  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. Over two-thirds of properties are owner-occupied.

By 2018, this area’s population is expected to have risen by almost 6%.

The demography of this part of Leeds is estimated to change even further in the next five years, spiralling by 10 per cent on present statistics. And it is poised to increase by as much as 20 per cent by 2033.

*Data sourced from Land Registry, last updated 29th April 2016. Demographic information taken from Experian report Oct 2015.

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