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Grosvenor Road

Yorkshire

£350,000
Listed on 25/09/2025

Property Details

Bedrooms
9
Type
Detached house
Area
998 sqft

Description

This substantial period property has been thoughtfully converted into five self-contained apartments, presenting a noteworthy opportunity for renovation and investment. Each apartment is on the same title, making it easier to manage as an investment. While one unit is currently tenanted, the remaining apartments are vacant and in need of modernization, allowing for customization to meet current rental market demands. The property showcases impressive high ceilings and historic features that contribute to its charm. With careful renovations, there is significant potential to enhance the living spaces and increase their rental value. Initial refurbishment estimates suggest that, with quality updates, rental income could potentially reach around £800 per month for each apartment. Situated in a desirable location, this property benefits from convenient access to local amenities and transport links, which will likely enhance its attractiveness to future tenants or prospective buyers following renovations. The property is connected to mains water, electricity, gas, and drainage services; however, verification of these services will be necessary before proceeding with any plans. With nine bedrooms distributed across the apartments, along with ample living areas and kitchens, this property is poised for transformation into a profitable portfolio or multi-family residence. Internal viewings are encouraged to fully appreciate the space available and envision the possibilities that lie ahead.

Investment Analysis

(YO11 area)

Above Market Value

This property is priced +72.1% above area average per sq ft

+72.1%
This Property
£351/sq ft
Area Average
£204/sq ft
Avg Rent (weekly)
£156
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£35,000 - £87,500
10-25% of property value
Target Value
£223,677
10% above area average per sq ft
Potential ROI
-48.9%
After renovation
Monthly Sales
30
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (YO11)

Area prices are falling by +5.5% over the last 12 months
3 year growth: 1.0%
5 year growth: 13.3%
Investment Disclaimer: Analysis based on YO11 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

Grosvenor Road
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