THE West Yorkshire property market has been re-imaged into a monopoly board by the country’s most comprehensive property social network.
PropertyHeads has crunched the numbers to reveal the county’s answers to the likes of Park Lane, Piccadilly and Pall Mall.
PropertyHeads analysed its own housing market data for the 22 largest towns in West Yorkshire by population and ranked by average sales prices for the month of August to provide each town with a monopoly board equivalent.
It also looked into August rental averages and calculated the rental yield for the discovery of notable market trends. They were not reflected in the colour selection process, however.
The dark blues
The dark blues, home to Mayfair and Park Lane, are occupied by Ilkley and Wetherby.
Average prices there currently stand at £365,087 and £359,783 respectively. Ilkley is also home to the highest average rents for August, £810.
The greens
West Yorkshire’s answer to the greens of Bond Street, Oxford Street and Regent Street are Otley (£297,136), Pudsey (£224,246) and Mirfield (£216,633).
The yellows
The yellows, originally made up by Piccadilly, Coventry Street and Leicester Square, are represented by Wakefield (£209,606), Bingley (£204,811) and Leeds (£201,071).
Leeds commands some of the highest rents in West Yorkshire (£700) and offers an impressive rental yield of 4.2 per cent, currently.
The reds
Huddersfield (£187,699), Ossett (£174,015) and Cleckheaton (£172,443) populate the red group, historically known as Trafalgar Square, Fleet Street and The Strand.
The oranges
The oranges of Vine Street, Marlborough Street and Bow Street are represented by Brighouse (£171,482), Normanton (£170,038) and Pontefract (£168,500). Pontefract’s rental yield is towards the lower end of the spectrum relative to its West Yorkshire neighbours, offering 2.4 per cent.
The pinks
Halifax (£159,689), Liversedge (£157,956) and Keighley (£157,117) comprise the pinks.
The light blues
Located towards the more affordable positions of the board are the light blues. The West Yorkshire equivalents are Castleford (£152,758), Dewsbury (£140,490) and Elland (£134,867).
The browns
Batley offers the best rental yield in the county, commanding 4.9 per cent and average house prices of £132,718.
It is joined by Bradford as the most affordable area in West Yorkshire, where house prices are currently at £130,035.
Ben Davis, founder and CEO of PropertyHeads, said: “The housing market finds itself in an unprecedented position at the moment.
"We thought it would be interesting to look into how this is affecting West Yorkshire and provide important information in a fun and relatable way.
"Hopefully this gets a few conversation going within the local community and we look forward to providing further updates in the near future.”
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