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Spring Close Street, Leeds, West Yorkshire, LS9

Yorkshire

£155,000
Listed on 02/07/2024

Property Details

Bedrooms
1
Type
Detached House
Area
527 sqft

Description

This converted storage unit boasts a unique opportunity for transformation, featuring an existing 1-bedroom apartment above. Located in a well-connected zone of Leeds (LS9), the property comes with approved planning permission to convert into a spacious 3-bedroom dwelling, complete with ensuite bathrooms. Currently vacant, both the apartment and garage provide a blank canvas for potential enhancements. The layout is generous, showcasing a fitted kitchen and double glazing, alongside access to a balcony, making it suitable for modern living. Positioned conveniently near Leeds City Centre, this property benefits from local amenities and robust transport links, ensuring strong rental demand. With its approved plans already in place, this project presents an excellent chance for investors or developers seeking to unlock significant value through renovation and development.

Investment Analysis

(LS9 area)

Above Market Value

This property is priced +30.8% above area average per sq ft

+30.8%
This Property
£294/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£232
Avg Yield
6.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£130,375
10% above area average per sq ft
Potential ROI
-46.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (LS9)

Area prices are falling by -3.0% over the last 12 months
3 year growth: +16.6%
5 year growth: +25.0%
Investment Disclaimer: Analysis based on LS9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Spring Close Street, Leeds, West Yorkshire, LS9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£549
Based on a loan of £116,250 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

Price History

-18.4% since listed
£155,000£35,000(-18.4%)
26/03/2026
Current price
£190,000Initial listing
02/07/2024

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