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Weetwood Lane, Leeds, West Yorkshire, LS16 - Image 1
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Weetwood Lane, Leeds, West Yorkshire, LS16

Yorkshire

£875,000
Listed on 24/05/2025

Property Details

Bedrooms
6
Type
Semi-detached house
Area
5527 sqft

Description

This impressive six-bedroom semi-detached home, along with a one-bedroom annex, offers significant renovation and investment potential. Spanning an expansive 5,527 square feet, the property is situated in the desirable Weetwood area of North Leeds, down a private driveway that affords both privacy and tranquility. Originally built with grand architectural features, this residence showcases many original details that tell a story of its heritage. Throughout the home, you will find elements such as oak paneling, decorative ceilings, exposed beams, and intricate moldings. These characteristics provide a unique charm and an opportunity for restoration enthusiasts to inject their own vision and style into the space. The layout boasts five reception rooms, providing ample space for family gatherings or conversion into additional living areas. The kitchen features a log burner for cozy meals and includes utility access for added convenience. The substantial cellar below offers further potential for development with the necessary planning approvals. Upstairs, there are six well-proportioned double bedrooms along with a large family bathroom; the master bedroom benefits from plumbing for an ensuite installation. This versatility allows for various configurations to suit modern living requirements. Set in a conservation area, this property has not been on the market for over two decades, making it an extraordinary opportunity for those looking to invest in a sizable project. Its location is advantageous; close to local amenities in Weetwood as well as parks like Meanwood Park and Becketts Park. Additionally, transport links to Leeds city center and surrounding areas are easily accessible through nearby routes, enhancing its appeal as both a family home and investment. The exterior features off-street parking capabilities and is set within delightful surroundings that can be further enhanced with landscaping or outdoor developments. With existing utilities—electricity, water, drainage, and gas heating already in place—this property provides a solid foundation to begin renovations while preserving its historical significance.

Investment Analysis

(LS16 area)

Below Market Value

This property is priced -50.2% below area average per sq ft

-50.2%
Potential saving
This Property
£158/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£260
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £350,000
Target Value
£1,933,649
10% above area average per sq ft
Potential ROI
+57.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (LS16)

Area prices are falling by +5.0% over the last 12 months
3 year growth: -2.8%
5 year growth: 5.9%
Investment Disclaimer: Analysis based on LS16 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

Weetwood Lane, Leeds, West Yorkshire, LS16
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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
£3,205
Based on a loan of £656,250 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