15 January 2020
PUDSEY is facing a surge in rental prices as the area continues to transform itself into an ideal buy-to-let market, according to lettings specialists, Linley and Simpson.
The firm's rental portfolio is currently 98% occupied and the Branch Manager of the Pudsey branch, Rebecca Taylor, says, "We are experiencing a major shortage of properties available for rent at the moment and high occupancy levels with no sign of this changing any time soon.
"The average rent in Pudsey is £614 per calendar month which is an annual increase of 5% - higher than the national average. Further to this we are receiving multiple applications per property available and tenants are choosing to stay put for longer. Our typical tenant profile is a working professional, usually 25 to 35 years of age. The most sought after property type is a three bedroom house or two bedroom flat".
Pudsey is fast becoming one of the most popular places in Leeds for investment. Rebecca adds, "The city is one of the most accessible places to do business in the UK with strong supply chain networks and easy access to the motorways and train station and the market town continues to attract new residents with its growing number of independent restaurants, bars and shops".
Statistics from Data Loft show that there are more heritage buildings in Pudsey than the regional average and that 88% of people living there are within a 200 metre walk of a bus or train. Residents also benefit from a high broadband speed with the average speed being 52mbps.
The lettings specialists manage a wide selection of homes from one bedroom apartments through to large family homes ranging from £425 to £1600 per calendar month and operates across all the Pudsey postcode including, LS28, LS13, LS12 and BD1.
Are you a landlord? Do you currently have a property you are looking to let out? List with Linley and Simpson before the 31st March and you will be entered into our prize draw to win £3000 worth of holiday vouchers.
Click here to book your market appraisal.
*Data used is correct as of 14/01/19 and is taken from Land Registry, Dataloft and our own statistics.