Estate agent opens new office following acquisition
Residential property specialists Linley & Simpson has opened a new office in Headingley after acquiring long-standing lettings firm, Morgans North Leeds Rentals.
The opening increases the number of branches in the business’ network across West and North Yorkshire to 18, and propels its portfolio of managed homes to over 8,000.
The purchase of Morgans North Leeds Rentals, whose specialism in the Headingley area, is seen as a natural progression in Linley & Simpsons continued expansion.
Will Linley, chief executive of Linley & Simpson, said: “We have served in the North Leeds area for 22 years and the opening of this new branch will allow us to strengthen our leading position amongst Leeds’ suburbs.
“It creates the perfect platform for focusing our specialist lettings expertise into this popular Leeds’ area where demand for rented property continues to increase.”
Linley & Simpson is retaining the home-grown expertise and local knowledge of the former Morgans team by employing all of its staff.
The takeover coincided with a record summer of new lets for the Headingley branch, with the firm’s rental portfolio currently being 99.7% occupied.
Sarah Roberts, Headingley’s lettings manager, said: “Headingley continues to transform itself from a student enclave into one of the UK’s best performing areas for property investors. There is a major shortage of properties available to rent at the moment and the branch is experiencing high occupancy levels. It’s clear that the whole fabric of Headingley is suitable for property investors. Rent prices have risen by 4% in the past year and the suburb is one of the most accessible places in the UK, with its excellent transport links, good schools and a raft of new food and drink openings. Headingley is very much an up-and-coming town that’s still growing in popularity as a place to live.”
