It’s been just over 10 years since the financial crash of 2008, many reading this will remember their wallets feeling a little bit lighter over the years that followed and who could ignore the years of austerity? It’s said that one of the great indicators of how well an economy is performing lays in the property market – with levels of activity indicating how confident people feel to make perhaps the most substantial investments of their lives.
So with that in mind, we thought it would be an interesting exercise to dig down into the figures and see how the Leeds property market has progressed since the financial crash of 2008 and how much growth has occurred since then, in relation to property prices.
In this article, we’ll be taking a look at the 10 areas of Leeds where house prices have increased the most – and how much the average property in that area has grown in terms of value.
Where’s the data from?
The data we’ve used to establish the below chart comes directly from the UK Land Registry, which is the UK body in charge of recording all the details of property sales and transactions in the country. The data is completely impartial and we’re simply presenting it to you in an easy to read way. This data might also be useful for people who’ve been thinking about moving – if you live in one of these areas and haven’t had a property valuation for a while… it might be worth seeing what your property is worth today!
To look into the data, simply click on the respective bar chart.
Blue = Average House Price in 2018
Red = Average House Price in 2008
Orange = How much (in £’s) the average house price has grown by
The research into the areas in Leeds where house prices have increased the most was an insightful process. At the top of the list was LS20, which is the Guiseley area of Leeds. This saw an average price growth of roughly £85,000. Although it doesn’t have the highest average house price in Leeds – that title lies with LS22 (Wetherby,) it’s interesting to note the growth in price in this area when considering its proximity to Leeds City Centre. Guiseley has some of the best schools in the region, has seen an influx in local businesses and despite being a relatively small area, has two well equipped shopping centres.
Second on the list was the LS23 area, which is Boston Spa and the surrounding areas. This area saw a price growth of nearly £82,000 over the 10 year stint.
On the list as well are a number of Leeds suburbs such as Garforth, Adel and Moortown, all of which have grown in popularity for their proximity to Leeds City Centre, whilst retaining a small town feel, with a great number of local businesses which are evidently thriving.
Without going into much detail, it’s promising to see such growth in these areas of Leeds. We’d love to hear your thoughts on the findings, so we encourage you to leave a comment with your opinion.
Which areas the postcodes include
- 10 | LS17 Alwoodley, Bardsey, East Keswick, Eccup, Harewood, Moortown, Shadwell, Weardley, and Wike.
- 9 | LS25 Aberford, Garforth, Hillam, Kippax, Ledsham, Micklefield, Monk Fryston, Sherburn-in-Elmet and South Milford.
- 8 | LS24 Saxton, Stutton, Ulleskelf, Church Fenton, Oxton, Tadcaster, Toulston, Wighill.
- 7| Arthington, Otley, Pool, Fewston, Blubberhouses.
- 6 | LS29 Addingham, Ben Rhydding, Burley in Wharfedale, Ilkley, Menston.
- 5 | LS8 Fearnville, Gipton, Gledhow, Harehills, Oakwood, Roundhay.
- 4 | LS16 Adel, Bramhope, Cookridge, Eccup, Far Headingley, Holt Park, Ireland Wood, Lawnswood, Moor Grange, Tinshill, Weetwood, West Park.
- 3 | LS22 Collingham, Linton, Wetherby.
- 2 | LS23 Boston Spa, Bramham, Clifford, Thorp Arch, Walton.
- 1 | LS20 Guiseley, Hawksworth.