Leeds Leads The Way In The UK Rental Market | Sharpes Auctions

Whilst the housing market in the UK continues to grow at a slow and steady pace, some regional cities are outperforming others with strong growth in both house and rental prices.

A report by JLL states: “Manchester, Liverpool and Leeds, have seen resurgent sales and rental markets in recent years.

75% of the approximately 10,000 residential properties in Leeds centre are privately rented. The influx of students and young professionals to the city has reduced supply. This in turn has led to an increase in residential developments to the tune of 5,500 units either complete or yet to be completed. There are massive opportunities for investors and buy-to-let landlords.

Leeds is the leading performer in the Yorkshire rental market and in the north as a whole. Over the next 5 years, rental values are expected to increase by 3.5% annually and property prices by 3.7% annually until 2022.

The government’s planned HS2 rail line or high-speed rail network, from London to Leeds has further boosted prices. This would effectively reduce journey times by an hour with travel from London to Leeds taking 1 hour and 21 minutes as opposed to 2 hours and 21 minutes. The government expects the line to be fully operational by 2032-2033.

It's a seller's market. Why not take advantage of that and sell your property with Sharpes. We cover all areas inlcluding Barnsley, Rotherham, Huddersfield and Wakefield. Call us on 01274 731217 for a free no obligation auction appraisal.

What Are The Benefits Of Selling At Sharpes’ Auction?

Zero entry fees

We do not charge an entry fee to market your property at auction. What’s more, we operate on a no sale, no fee basis, meaning there’s absolutely no cost to you if your property fails to sell.

Fair and open process for both vendor and buyer 

With high demand property, the transparent nature of auctions means that bidders can’t be gazumped at the last minute. The vendor manages to achieve the best possible price with competitive bidding. Setting a realistic guide price increases buyer interest and in some cases vendors can achieve more than they would if they sold it via private treaty.

Contracts are exchanged at auction

Once the hammer falls, the sale is guaranteed and legally binding and contracts are signed. Even offers accepted before or after the auction are all subject to the same auction conditions.

Secured Deposits

Together with exchanging contracts, buyers must pay a non-refundable 10% deposit on auction day, that they forfeit if they fail to complete. Then they pay the balance of the purchase price on completion.

Quick completions and certainty of sale

Sales complete in as little as a week to 28 days meaning you have a concrete timescale and no costly delays which is normally the case with properties that sell via the traditional estate agency process.

Extensive marketing

We hold our auctions on a regular basis. The frequent nature of property auctions means that we carry out intensive marketing both online through social media and property portals and via our full colour catalogue. Furthermore each property benefits from our highly visible and distinctive auction boards which maximise purchaser interest. We also have a database of investors that we update regularly with new properties on the market.

Call the Sharpes auction North East team now on 01274 731217 or the North West team on 0161 302 9782 for a free appraisal of your property or visit www.sharpesauctions.co.uk and fill in our online appraisal form.

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