Market outlook for LS1
Key indicators for buyers
The LS1 market is moderately favourable for buyers. Prices have softened (-82.6%), which could present a buying opportunity. Affordability has improved from a peak of 7.2x in 2021 to 6.5x today. Rising rents (£1,126/mo, +2.8%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2025averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Leeds area
A home in Leeds costs 6.5x the local median salary — moderate, improving from a peak of 7.2x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Leeds area
Average monthly rent in Leeds is £1,126, up 2.8% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Leeds price of £330,100 with a 25% deposit (£83k), a 2-year fixed mortgage at 3.97% costs around £1,303 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses LS1 avg. price with Leeds rental data
Monthly mortgage payments (£1,303) are £177 more than renting (£1,126). However, buying requires an upfront deposit of £83k — it would take around 11 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
FLAT 57, CANDLE HOUSE, 1, WHARF APPROACH LS1 4GH | Flat/Maisonette | £185,500 | 19 Dec 2025 |
FLAT 32, CENTAUR HOUSE, 91, GREAT GEORGE STREET LS1 3LA | Flat/Maisonette | £209,950 | 17 Dec 2025 |
35, PARK HOUSE APARTMENTS, 11, PARK ROW LS1 5HB | Flat/Maisonette | £140,000 | 17 Dec 2025 |
75, GREAT GEORGE STREET LS1 3BR | Other | £551,000 | 10 Dec 2025 |
FLAT 136, CANDLE HOUSE, 1, WHARF APPROACH LS1 4GJ | Flat/Maisonette | £269,000 | 5 Dec 2025 |
156, WEST POINT, WELLINGTON STREET LS1 4JL | Flat/Maisonette | £135,000 | 4 Dec 2025 |
APARTMENT 191, WHITEHALL WATERFRONT, 2, RIVERSIDE WAY |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.