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Best Areas in Leeds for Buy to Let Properties: A guide to Airbnb investments

Last updated on January 31st, 2024

Guarantee your investment success by investing in the best locations in Leeds for buy to let properties! Learn about this market in this article!

Best Areas in Leeds for Buy to Let Properties: A guide to Airbnb investments

leeds buy to let

Best Areas in Leeds for Buy to Let Properties: A guide to Airbnb investments

Guarantee your investment success by investing in the best locations in Leeds for buy to let properties! Learn about this market in this article!

Key Takeaways

  • For investors looking to cater to vacation rentals and student accommodations, Leed’s rental market offers a ton of investment opportunities. Many hosts were able to get a good cash-on-cash return just by listing their property on Airbnb.
  • We were able to identify Leed’s top buy-to-let areas with the help of the dynamic data provided by Airbtics. We also feature the best property types you can purchase, along with their gross rental yields and estimated annual income, among other datasets.

Introduction

Nestled in West Yorkshire, England, we can find the dynamic city of Leeds which stands out as one of the largest cities in the UK. Known for its rich history, vibrant cultural scene and solid economy, Leeds is a destination for those seeking to discover a  thriving city that offers unique experiences and opportunities.

It’s undeniable that Leeds is an exciting destination to visit with its abundance of places of interest and fascinating cultural and architectural heritage. Leeds also provides appealing real estate investment opportunities that are sure to catch the attention of investors.

But in order to make well-informed decisions that will ensure your investment success, you should conduct thorough research and set clear goals before embarking on this journey. This is a crucial factor that shouldn’t be overlooked, especially if you want to invest in a top Airbnb location in the UK like Leeds. 

In this article, we will mention some of the key factors that should influence your decision to invest in a rental property in Leeds as well as the best areas for buy to let investments. Have we captured your interest? If so, keep reading!

Why invest in Leeds real estate market?

Leed is a dynamic city that offers plenty of attractive investment opportunities that can entice property investors easily. But to get a better understanding of the city’s situation, it’s always a good idea to consider the benefits that the real estate market can provide for real estate investors.

Make sure to check out some of the reasons why investing in a buy to let property in Leeds is a good idea:

  • Strong rental market 

One of the biggest advantages of investing in the real estate market of Leeds is that there will always be a strong demand for rental properties given that this city has a growing population and is a well-known tourist destination. Moreover, it’s home to prestigious universities that draw a significant influx of students. This means that Leeds is a great location to do a student property investment. 

Additionally, Leeds is among the top cities in the UK for Airbnb investments. This, coupled with the housing market’s affordability, provides potential for consistent rental income and also a good rental yield for property investors who are aiming to invest in Leeds. 

  • Solid economy and job market

Leeds is one of the fastest-growing cities in the UK and serves as a financial and commercial center of the region. With a booming economy and a strong job market, the city is truly a catch for professionals and investors alike.

The economy is sustained by diverse sectors, including manufacturing, finance, and technology. Moreover, many major companies and organizations are settled in Leeds, providing plenty of job opportunities. With its balanced economy, the city offers stability and great opportunities for both businesses and workers.

  • Great living conditions 

It’s a given fact that Leeds is a striking city where residents and visitors alike can enjoy a high standard of living. The city spares no effort to provide great amenities like green spaces and outdoor recreational areas, shopping centers, sports and cultural facilities, among others. Leeds is also an excellent place for students since it’s home to renowned universities and educational institutions like the University of Leeds and Leeds Beckett University. 

The city owns a strategic location within the UK and has a well-connected transportation system. On top of that, Leeds provides a relatively affordable cost of living compared to other major cities in the UK. Aside from the transportation cost and daily expenses, the housing market also offers different price ranges and property types. Currently, the average house price in Leeds is £253K.

  • Plenty of things to do

Welcome to Leeds, a city that will never bore you! We are just spilling facts since this destination has a lively and inviting atmosphere that will make you feel at home. The cultural scene in Leeds is one of its best features. There is no lack of museums, art galleries, theaters, and music venues in the city. But the icing on the cake are the Leeds Festival and the Leeds International Film Festival, which are popular occasions that attract people from all over the world. 

Outdoor enthusiasts shouldn’t worry either because Leeds is also known for its parks and other recreation spaces like Roundhay Park. Additionally, the charming rural areas of Yorkshire Dales and the Peak District are close to the city and offer opportunities for hiking, biking, and other activities.

Is Airbnb profitable in Leeds?

Thinking of buying an Airbnb investment property or doing rental arbitrage in Leeds? This is a great idea because this city can help investors like you obtain a steady source of passive income.

Let’s dig a little into Leeds’ market – according to Airbtics’ calculator data, Airbnb hosts can earn an average revenue of £29,706 with a median occupancy rate of 82% for operating a 1-bedroom apartment in Leeds.

If you want to host guests in Leeds, you should also be aware of the city’s Airbnb regulations, so that you can manage your listings effectively without breaching the rules. 

Source: Airbtics Dashboard

Prime Buy to Let Locations in Leeds, UK

As one of the largest cities in the UK, it’s understandable to have a hard time choosing the right place to set up your Airbnb property in Leeds because each area’s profitability will differ.  But we are here to make this research less overwhelming for you with the aid of Airbtics!

Go ahead and check out the top areas to buy to let property in Leeds, UK:

airbtics-logo-300x87
Best Area Number of Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
Holbeck 47 2 bedrooms £228,000 (2 BR) £43,105 18.91%
Headingley 67 3 bedrooms £345,000 (3 BR) £40,913 11.86%
Armley 47 3 bedrooms £220,000 (3 BR) £39,682 18.04%
City Centre 159 2 bedrooms £325,000 (2 BR) £37,674 11.59%
Leeds Dock 36 1 bedroom £135,000 (1 BR) £31,440 23.28%
Woodhouse 71 1 bedroom £128,000 (1 BR) £30,088 23.51%
Harehills 130 2 bedrooms £115,000 (2 BR) £29,834 25.94%
East End Park 57 2 bedrooms £155,000 (2 BR) £26,112 16.85%
Burley 49 1 bedroom £150,000 (1 BR) £24,577 16.38%
Burmantofts 43 1 bedroom £142,000 (1 BR) £20,541 14.47%

Best Area

Airbnb Dataset

  • Total Number of Airbnb Listings: 47
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): £228,000
  • Airbnb Annual revenue: £43,105
  • Gross rental yield: 18.91%
  • Total Number of Airbnb Listings: 67
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): £345,000
  • Airbnb Annual revenue: £40,913
  • Gross rental yield: 11.86%
  • Total Number of Airbnb Listings: 47
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): £220,000
  • Airbnb Annual revenue: £39,682
  • Gross rental yield: 18.04%
  • Total Number of Airbnb Listings: 159
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): £325,000
  • Airbnb Annual revenue: £37,674
  • Gross rental yield: 11.59%
  • Total Number of Airbnb Listings: 36
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): £135,000
  • Airbnb Annual revenue: £31,440
  • Gross rental yield: 23.28%
  • Total Number of Airbnb Listings: 71
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): £128,000
  • Airbnb Annual revenue: £30,088
  • Gross rental yield: 23.51%
  • Total Number of Airbnb Listings: 130
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): £115,000
  • Airbnb Annual revenue: £29,834
  • Gross rental yield: 25.94%
  • Total Number of Airbnb Listings: 57
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): £155,000
  • Airbnb Annual revenue: £26,112
  • Gross rental yield: 16.85%
  • Total Number of Airbnb Listings: 49
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): £150,000
  • Airbnb Annual revenue: £24,577
  • Gross rental yield: 16.38%
  • Total Number of Airbnb Listings: 43
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): £142,000
  • Airbnb Annual revenue: £20,541
  • Gross rental yield: 14.47%
Pro Book

Deeper STR Insights. Broader Investment Opportunities.

Want to go deeper, broader, and faster? Supercharge your Airbnb Investment by accessing the most in-depth Airbnb & real estate insights with our exclusive STR report.

Having trouble finding the best areas to buy to let properties?

Finding profitable rental markets can be a time-consuming task and we know that the investor’s time is valuable. For this reason, taking advantage of the many available resources for property investors to speed things up in this journey is a great way to start.

We recommend visiting real estate forums or doing a throughout research in search engines to find out which locations are drawing the investors’ attention in specific countries. This will also help you to sort your list and have a clear idea of which cities to focus on.

In addition, we encourage investors like you to make use of analytics tools to find profitable markets to invest in Airbnb, particularly those that can provide dynamic data.

Imagine exploring a city while getting useful info that can make things easier for you, it sounds like a dream come true, right? It’s possible with the Airbtics Dashboard since you can get a reliable dataset that will show you metrics like the average revenue, occupancy rates, nightly rates, and seasonality, among others.

But don’t take just our word for it, go ahead and take a look at Simon, an Airbtics customer, who was led to a new Airbnb market that generated more profitability than his previous one!

best places to buy to let glasgow

Just by typing the name of the city you want to target, you will be able to get important insights. However, if you’re not finding your desired area, you can also create a custom market.

You can go ahead and use filters to find out what type of property offers the most attractive profit in your preferred area. The best part of using dynamic data is that by moving and zooming in and out of your map, the data will also change accordingly.

best places to buy to let glasgow

This process can now be repeated until you decide what type of property would be a good investment in your target city or neighborhood. Compare data between different property types and you find out the option that suits you the best! 

Enjoy a rewarding investment experience with the aid of Airbtics!

To sum up, we can conclude that Leeds can help investors and hosts secure a nice rental income by purchasing an investment property in specific areas of the city and then listing them on platforms like Airbnb. But, there are still many profitable cities to find, so don’t jump to a conclusion just yet. You should also explore more rental markets outside the UK as well!

While finding out the best areas for buy to let properties in Leeds is undoubtedly a good start, you should continue your research to make wise investment strategies. Use the best analytics tools and analyze the level of profitability of different markets with our Airbnb income estimator!

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Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

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Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

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