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Norwood Avenue, Ilkley LS29 - Image 1
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Norwood Avenue, Ilkley LS29

Yorkshire

£120,000
Listed on 19/10/2025

Property Details

Bedrooms
2
Type
Flat

Description

This two-bedroom first-floor flat in Burley in Wharfedale presents a promising chance for renovation and investment. With its own private entrance and a detached garage, the property provides essential features that are often sought after. The layout includes a welcoming entryway, leading up to a bright lounge that boasts ample natural light, along with a separate kitchen ready for your personal touch. Two well-sized bedrooms and a house bathroom complete the interior, offering a functional space while inviting updates. Although this flat is in need of modernisation, it serves as an ideal blank slate for those looking to create a home tailored to their style and needs. The rear garden provides an outdoor space with potential for landscaping or relaxation, enhancing the property’s overall appeal. Located in the desirable village of Burley in Wharfedale, residents can enjoy easy access to local amenities, including shops and cafes, as well as excellent transport links that make commuting straightforward. The scenic surroundings of the Wharfedale Valley offer opportunities for outdoor activities such as walking and cycling, making it an attractive location for both families and professionals alike. Investors or renovation enthusiasts will appreciate the potential for adding value to this property through thoughtful updates and improvements. This flat's combination of location and unique features makes it a compelling option for those looking to invest in a property with great upside potential.

Investment Analysis

(LS29 area)
Area Average
£368/sq ft
Avg Rent (weekly)
£283
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (LS29)

Area prices are falling by +6.7% over the last 12 months
3 year growth: -3.9%
5 year growth: 11.8%
Investment Disclaimer: Analysis based on LS29 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

Norwood Avenue, Ilkley LS29
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£440
Based on a loan of £90,000 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE