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Potternewton Lane, Chapel Allerton, Leeds, LS7 - Image 1
Potternewton Lane, Chapel Allerton, Leeds, LS7 - Image 2
Potternewton Lane, Chapel Allerton, Leeds, LS7 - Image 3
Potternewton Lane, Chapel Allerton, Leeds, LS7 - Image 4
Potternewton Lane, Chapel Allerton, Leeds, LS7 - Image 5

Potternewton Lane, Chapel Allerton, Leeds, LS7

Yorkshire

£367,000
Listed on 09/09/2025

Property Details

Bedrooms
5
Type
Terraced house
Area
2092 sqft

Description

This spacious five-bedroom, two-bathroom terraced property presents a compelling opportunity for renovation and investment, situated in the desirable area of Chapel Allerton. The location offers convenient access to the town center, as well as proximity to reputable schools such as Chapel Allerton Primary School and Roundhay High School, making it an attractive option for families. The layout spans four floors, featuring a kitchen with an adjoining dining room that holds potential for transformation into a contemporary open-plan living space. The separate living room is positioned at the front of the property and boasts ample natural light from a large bay window, alongside original features like exposed floorboards and a charming fireplace. With four double bedrooms and one single spread across two levels, this home accommodates a variety of living arrangements. A spacious family bathroom and an additional shower room on the top floor provide practical amenities. Throughout the interior, period character is apparent with detailing such as cornicing, picture rails, and original fireplaces adding unique charm. The entrance hallway leads down to a substantial basement split into three distinct areas; this space currently serves as storage but offers significant potential for conversion (subject to planning) into additional living space or rental opportunities. Externally, the property includes a small paved garden at the front bordered by a low wall, while the rear features a modest courtyard accessible from the kitchen. On-street parking is readily available in front of the house. Chapel Allerton is renowned for its vibrant community atmosphere with numerous shops, eateries, wine bars, and pubs within easy reach. The property’s location also benefits from excellent transport links to Leeds City Centre and surrounding areas as well as convenient access to major roadways leading towards Harrogate and Wetherby. In summary, this property not only provides generous living accommodation but also encapsulates considerable renovation potential in a sought-after location – making it ideal for both homeowners looking to personalize their space or investors seeking valuable enhancements.

Investment Analysis

(LS7 area)

Below Market Value

This property is priced -41.3% below area average per sq ft

-41.3%
Potential saving
This Property
£175/sq ft
Area Average
£299/sq ft
Avg Rent (weekly)
£249
Avg Yield
5.4%

Renovation Potential

Est. Renovation Cost
£36,700 - £91,750
10-25% of property value
Target Value
£687,484
10% above area average per sq ft
Potential ROI
+49.9%
After renovation
Monthly Sales
17
Average per month
Market Turnover
39%
Properties sold annually

Local Market Trend (LS7)

Area prices are stable by +0.4% over the last 12 months
3 year growth: 71.9%
5 year growth: 31.1%
Investment Disclaimer: Analysis based on LS7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Potternewton Lane, Chapel Allerton, Leeds, LS7
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