Shadwell Property Update – July 2016

Shadwell Property Update June2016
Our research has revealed that the average sale price achieved by our team in the last 12 months was £418,215 – nearly £90,000 higher than the overall average price of a Shadwell home which stands at £328,737.

The past month (June) has seen Linley & Simpson – which supports the community through our sponsorship of the under-11s team at Shadwell Cricket Club - successfully sell £1.5million worth of property in LS17 8 alone.

Our analysis of a range of independent data also explored the health of the wider property market.  It found that the majority of all house sales in Shadwell during the last year were detached properties, selling for an average price of £382,480. Terraced properties sold for an average of £246,088, with semi-detached properties fetching £246,875.

We found that Shadwell, with an overall average price of £328,737 is more expensive than nearby Roundhay (£265,691) and Moortown (£225,224) - but was cheaper than Scarcroft (£446,004).

Shadwell House Prices June2016

It remains one of the most sought-after places to live in Leeds, retaining a strong community feel that appeals to our buyers. They tell us that it is one of the key reasons they are attracted to the village and its amenities.

What is more, population research we have carried out shows that this demand for homes in Shadwell is likely to increase further in the future.

The population served by our Roundhay office, which covers the Shadwell area, currently stands at 88,537. This is divided into 48.78 % male and 51.22 % female.  Most of its population is aged under 15 – highlighting the demand we see among buyers for good-sized family homes.

Within this population, three-quarters are economically active ensuring high degrees of spending power. Around one-quarter are classed as economically inactive, most of whom are retired.

By 2018, this area’s population is expected to have changed to 93,530 – a rise of 5.64 %. And the gender split is predicted to have shifted to 51.08 % female and 48.92 % male.

The demography of this part of North Leeds is estimated to change even further in the next five years, reaching 97,533 by 2023 – another 4.28 % increase.

The most typical buyer attracted to this area is a thriving family who is busy bringing up children and following careers. They desire upmarket suburban homes, of 3 or 4 bedrooms, and own the property with a mortgage.

They are keen to harness new technology and have high internet use – underlining the importance of the investment we make in our website and social media infrastructure to innovate and stay at the forefront of internet marketing.

To find out how much your property is worth why not try our instant valuation, or to request your full market appraisal from our Wakefield estate agents branch please click here

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


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