Property Auctions in Leeds

Photo showing older houses available at property auctions in Leeds, England
Property auctions in Leeds often feature older houses from the industrial era. These houses are good value for money and present excellent property investment opportunities. Photo © Stephen Craven (cc-by-sa/2.0)

Property Auctions In Leeds, England

It will come as no surprise to learn that home buyers, property investors and business owners are all keen to attend property auctions in Leeds, England.

The UK’s third largest city offers a wide range of job opportunities and is home to over 120,000 companies. One of the main benefits of attending property auctions in Leeds is the affordable cost of houses, flats and other available property for sale.

These relatively low prices mean the Leeds area is one of the busiest when it comes to property auctions in England.

Image showing houses to renovate in Leeds, England
There are many good properties to renovate in Leeds and if you stay within your budget a healthy profit can be made when selling the renovated property. Photo © Humphrey Bolton (cc-by-sa/2

Property Prices In Leeds

Buying at property auctions in Leeds is much more affordable than towns and cities in the south of England. However, location is one of the key factors to bear in mind.

Affluent areas like Alwoodley, with the proximity of Eccup reservoir and its two golf courses, have detached houses which start at £300,000. However, there are other suburbs of Leeds inner-city area, such as Armley, where a terraced house can cost £90,000-£110,000.

Travelling further away from the centre of Leeds can also bring down the sale price of property. There are opportunities to find bargain prices in villages like Bramhope, which is located 9 miles from the centre.

Part of the Adel-Wharfedale area, this picturesque setting has a wider variety of rural homes for sale which can be up to a third cheaper than similar properties for sale in Leeds itself.

Photo of a repossessed house in Leeds
There are often repossession properties for sale in Leeds at auction, many of which have been neglected or require renovation. Photo © Mark Stevenson (cc-by-sa/2.0)

Cheap Property In Leeds At Auction

Covering an extensive area of over 500 square kilometres, there is a wide range of cheap houses, flats and land for sale at property auctions in Leeds.

From detached homes with good sized gardens, building plots and land and even woodland for sale on the outskirts of town, to 19th century back-to-back terraced houses of red brick, you will be sure to find a good range of auction properties in Leeds.

Further Reading:

Property Auctions In Leeds: The Best Areas To Buy

Leeds Waterfront Property

Located on the banks of the River Aire, Leeds Waterfront has undergone a massive transformation over the past twenty years. Many of its former warehouses have been converted into flats or studio apartments while the rest of the housing stock there is mainly terraced houses.

The average price of Leeds waterfront property is £179,000 because there are very few detached houses. This area appeals to young professionals who enjoy the fact that all the amenities of Leeds city centre are on their doorstep.

Waterfront flats for sale in Leeds
There are some excellent waterfront flats for sale in Leeds, some of which are new and in excellent apartment buildings. Photo © Graham Robson (cc-by-sa/2.0)

Property For Sale In Headingley

Although traditionally a student area, the suburb of Headingley is attracting a wider variety of property buyers as it goes upmarket. As a suburb, there is the usual mix of property types with more semi-detached homes than in the centre.

The average price of property for sale in Headingley is £217,000, but experts predict that this will rise dramatically in the coming decade as more professionals and first-time buyers (often with young families) move there.

With a good town centre, a regular local bus into the centre and two train stations, it is easy to commute from Headingley into Leeds. All these positive factors make houses and flats for sale in Headingley very popular at property auctions in Leeds.

Property In Roundhay, Leeds

Only five minutes north of Leeds city centre, Roundhay is an area which attracts many families. They are drawn to the area because of its excellent primary and secondary schools and easy access to the surrounding countryside.

Roundhay Park, with its two lakes in a woodland setting and regular outdoor events, is another reason for its appeal. The housing stock ranges from flats to semi-detached properties with limited detached houses, and the average price of property for sale in Roundhay is £250,000.

Property Resources:

Property In Hunslet, Leeds

Located a mile to the south of the centre, Hunslet is at the heart of Leeds’ former heavy industrial past. Although the housing stock is mainly terraced houses, there are some other property types available at local property auctions in Leeds.

Many of the houses in Hunslet have not been well maintained which is the reason why it has the cheapest property prices in Leeds, an average of £137,000. This presents an excellent opportunity for anyone looking for a property to renovate or to buy renovation properties at auction.

Cheap property for sale in Hunslet, Leeds
If you are looking for a cheap property near Leeds try viewing homes around Hunslet. Many of these houses are good property renovation opportunities. Photo © Roger Templeman (cc-by-sa/2.0)

Chapel Allerton

Chapel Allerton is a quieter suburb but with a lively local centre comprising a variety of retail outlets as well as independent bars and restaurants. The annual Leeds West Indian Carnival (started in 1967) is characteristic of its cultural diversity and community spirit.

Chapel Allerton is popular with students, first-time property buyers and young professionals. It has also seen a lot of interest from property investors who have been priced out of more affluent neighbourhoods, making it one of the most popular areas for buying auction properties in Leeds. Its housing stock reflects the history of Leeds and varies from HMOs to some detached houses.

Leeds Property Auctions FAQ

How can I find property auctions in Leeds?

The local press and city auction houses give details of upcoming property auctions in Leeds. These will give the most important information about properties for auction including the guide price and a legal pack. As the Leeds auction house for a catalogue.

How much are auction properties in Leeds?

The average price of auction properties in Leeds is around £225,000. However, this price can be affected wildly by factors such as property type and location. The average price of flats sold at auction in Leeds is around £138,000 while you can expect to pay £155,000 for a terraced house in the city.

Which areas are best to find cheap property in Leeds?

Popular suburbs to find cheap property for sale in Leeds include Headingley, Roundhay and Chapel Allerton. For those interested in a more rural setting, Bramhope is the best place to look. Leeds is a large city with many opportunities for buying cheap and repossessed property sold at auction.

Can I buy repossessed properties in Leeds?

It is possible to buy repossession properties in Leeds which are sold at auction., however creditors generally prefer to sell repossessed properties through an estate agent due to the higher prices which can be achieved. If they are unsuccessful selling the repossessed property via an agent, homes are often put up for auction.

Resources for property buyers in Leeds:
Council tax rates for the city of Leeds
General information about Leeds and surrounding area from Visit Leeds

Types Of Property Auctions In Leeds

Apart from houses sold at Leeds property auctions, the city’s thriving economic role means that there are also opportunities for anyone interested in buying a retail, industrial or commercial property for sale.

Retail Property For Sale In Leeds

Apart from the city population of over 750,000, the Leeds Metropolitan area has 2.6 million inhabitants, many of whom come into the city centre for their shopping. Added to this are the estimated 65,000 students who attend one of the nine higher educational institutes situated in Leeds.

The modern Victoria Gate shopping centre alone welcomes 23 million visitors every year. This potential customer base makes Leeds the ideal location if you are looking for a retail property for sale at auctions in Leeds.

There is a wide range of cheap retail properties in Leeds. These vary from the ornate Victorian shopping arcades in Leeds city centre (with office or flats above) to the Corn Exchange, with a range of independent and vintage shops.

When deciding among the retail premises for sale at auction in Leeds, location is key and depends on the goods and services you will be offering and your potential customers. If you find centrally based retail properties too pricey, each suburb has its own main shopping street where you can pick up retail space at property auctions in Leeds for as little as £60,000.

Photo of retail premises for sale in Leeds
If you visit different property auctions in Leeds you will find a good selection of retail shops for sale as well as other cheap commercial properties. Photo © Humphrey Bolton (cc-by-sa/2.0)

Derelict Property In Leeds

Despite extensive regeneration around the centre (such as the Leeds Waterfront), there are still bargains to be found if you are interested in finding a derelict property to renovate in Leeds. Areas on the fringes of sought-over areas are the best places to look for cheap properties such as Oakwood, Meanwood and Kirkstall.

If you are planning to convert larger townhouses or warehouses into HMOs, you should check the Leeds City Council licensing scheme. This operates in selected areas and might affect your ability to make money from your property investment.

Repossessed Property In Leeds

If you visit any Leeds property auction, especially those in the former industrial areas of the city, you will find a good selection of repossessed properties in Leeds for sale. However, many of the repossessed properties in Leeds are in very good condition, and some may be fairly new.

Properties can be repossessed for a variety of reasons and lots vary every week, so if you attend a property auction you can expect the section of repossessed properties in Leeds to be completely different from the week before.

Photo of a derelict repossessed house in Leeds
There are many derelict houses and repossessed properties in Leeds, often for sale by Leeds auction houses. Photo © Stephen Craven (cc-by-sa/2.0)

Property Tools

Conclusion: Property Auctions In Leeds

The key to being successful at finding bargain houses and flats at property auctions in Leeds is to thoroughly research which part of the city you wish to purchase your property in.

Leeds has a lot to offer when it comes to the property market but being a large city there are variations in the prices and property types throughout the city.

All in all, properties in Leeds are a good investment but be prepared for a competitive property market and hot competition and almost every property auction in Leeds.

Property Auctions UK (Home Page) – Local Property Auctions List