Roundhay Property Market Update June 2016

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Our research has revealed that those Roundhay homeowners selling their property with us typically achieved 97% of their asking prices.

In total, we sold a shade under £6m of property during the past 12 months – a year that has witnessed a resurgence in Roundhay’s popularity as a place to live, work, commute, socialise…and relax. 

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 Roundhay during the last year were semi-detached properties, selling for an average price of £275,933. Flats sold for an average price of £146,967, while detached properties fetched £459,015.

Roundhay, with an overall average price of £265,691, was more expensive than nearby Moortown (£225,224) and Chapel Allerton (£201,392), but was cheaper than Shadwell (£328,737).

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During the last year, sold prices in Roundhay were 8% up on the previous year and 9% up on 2008 when the average house price was £242,778.

And it is easy to see why – Roundhay becoming the byword for smart, scenic and lively.

It is best-known for its beautiful park, lakes and woodlands. There is an annual bonfire and firework display, as well as a golf course and the use of the free tennis courts – perfect for budding Andy Murrays.

It offer buyers a rich and diverse mixture of Victorian through-terraces, villas, and 20th century detached and semi-detached housing – ensuring something to suit everyone’s style and pockets.

Award-winning Tropical World is also situated in the heart of Roundhay and is one of Leeds’ most popular attractions with its colourful collection of rare birds and butterflies - and even meerkats!

Roundhay offers homeowners the very best of both worlds – it is like living in the country, yet is only a 15 minute drive to the hustle and bustle of Leeds City Centre.

It remains the capital of Leeds’ eating out scene, with popular hotspots including San Carlo’s Flying Pizza for authentic Italian cuisines; The Deer Park for a great British roast; and Napa for a cheeky cocktail.

Not surprisingly, population research we have carried out shows that this demand for homes in Roundhay is likely to increase further in the future.

The population within a two-mile radius of our office on Street Lane currently stands at 88,537.  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. Around two-thirds of all properties are owner-occupied.

By 2018, this area’s 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 more 10 per cent on present statistics with the growth particularly visible in the male population.

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.

The prediction is for this district to gradually become more “upmarket” over the next decade.

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

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