12 January 2021
NATHAN King, Lettings Manager at Linley & Simpson's Horsforth branch, discusses the current demand for rental properties around Adel and Kirkstall.
'Adel for many years has been a popular North Leeds suburb with families and young professionals, with great access to the outer ring road for commuting to Leeds city centre and Bradford. It also has excellent transport links to Harrogate, Otley, and Leeds Bradford Airport.
Whilst Adel is conveniently located just 5 miles from Leeds city centre, many people often visit the suburb for its rural countryside setting. Golden Acre Park is one of the main attractions and just a short further drive away is Otley Chevin Park which is well known for its breath-taking views.
There are local pubs and restaurants which are part of the reason that Adel is a popular place to make home for many renters, including Cranberries Deli, Divino Italian, 2Sardi, The Lawnswood Arms and Residence 64 Café and Bar.'
'Kirkstall is becoming a prime hot-spot for buy-to-let property investment, with constant development and new amenities coming to the area, making it one of the most in-demand parts of Leeds for students, young professionals and families alike.
The mixed rental demographic combined with low prices and high capital growth ensures durability of buy-to-let investments made here. The suburb is just a short distance from Leeds city centre and the amenities on offer- only taking 6 minutes on the train from Kirkstall Forge train station.
Kirkstall is home to its own breadth of amenities which continues to draw in a number of tenants. A cinema, bowling and well known food outlets at Cardigan fields, Kirkstall Bridge Retail Park, local gyms and many attractive walks within Kirkstall Valley and the historic Kirkstall Abbey are what bring people to the area. The area also makes an easy commute into Leeds city centre, Bradford and to other suburbs.'
Nathan has highlighted some ideal investment opportunities currently available in these areas.
Fillingfir Walk, Leeds
On the market with: The Property Selling Company and Townend Estate Agents
Asking Price: £89,995
Potential rent: £500-550pcm, giving a yield of up to 7.3%
Click here for more information
Abbeydale Grove, Kirkstall
On the market with: Manning Stainton
Asking price: £109,950
Potential rent: £575-£595pcm, giving a yield of up to 6.5% per annum
Vesper Road, Kirkstall
On the market with: William H Brown
Asking price: £110,000
Potential rent: £575-£595pcm, giving a yield of up 6.5%
Woodnook Drive, Adel
On the market with Hardisty’s
Asking price: £125,000
Currently rented at £650pcm, giving a 6.3% yield