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Leadwell Lane, Wakefield, WF3

Yorkshire

£185,000
Listed on 14/01/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
1308 sqft

Description

This two-bedroom terraced house presents a promising opportunity for both first-time buyers and investors looking to make their mark. With a garage at the rear, which can be accessed via a private driveway, the property is well-positioned for renovations that could significantly increase its value. The home offers an inviting layout with a lounge, dining/sitting room, and kitchen that leads to a convenient cellar. Upstairs, you'll find two double bedrooms along with a spacious bathroom that has potential for modernisation. While the central heating and double-glazing offer some comfort, the property would benefit from updating in various areas to fully realise its potential. Additionally, the garden space provides an excellent area for landscaping or outdoor features. Located near public transport links and within easy reach of Leeds and Wakefield city centres adds convenience to this investment project.

Investment Analysis

(WF3 area)

Below Market Value

This property is priced -47.5% below area average per sq ft

-47.5%
Potential saving
This Property
£141/sq ft
Area Average
£269/sq ft
Avg Rent (weekly)
£221
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£387,541
10% above area average per sq ft
Potential ROI
+84.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (WF3)

Area prices are falling by +2.6% over the last 12 months
3 year growth: 6.6%
5 year growth: 37.7%
Investment Disclaimer: Analysis based on WF3 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

Leadwell Lane, Wakefield, WF3
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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
£678
Based on a loan of £138,750 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