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Parkland Terrace, Meanwood, Leeds

Yorkshire

£230,000
Listed on 12/08/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
915 sqft

Description

This mid-town house offers a compelling opportunity for those looking to invest in a property with substantial renovation potential. Comprising three bedrooms, the home is situated in a peaceful cul-de-sac in Meanwood, making it an appealing choice for first-time buyers or buy-to-let investors. The property requires modernisation, presenting a blank canvas for buyers to create their ideal living space. The layout includes a welcoming porch and an entrance hall that leads to both the lounge and dining room. The lounge features a gas fireplace, while the dining area benefits from sliding doors that open into the rear garden, enhancing indoor-outdoor flow. The kitchen is equipped with essential amenities, including a stainless steel sink and gas water heater, alongside ample wall and base units for storage. A convenient store room on the ground floor adds additional utility. Upstairs, the three bedrooms are well-proportioned and offer flexibility for various uses. The bathroom is fitted with essential fixtures, including a panel bath with shower over, allowing for immediate functionality while future renovations take place. Externally, the property boasts gardens at both the front and rear—ideal for creating outdoor spaces tailored to your preferences. A driveway provides off-road parking along with access to a garage featuring an up-and-over door. Located close to excellent schools and local amenities—including cafés, shops, bars, and restaurants—this property not only promises comfort but also offers significant potential for value appreciation through thoughtful updates. Its no-chain status simplifies the purchasing process for eager buyers looking to embark on their next project.

Investment Analysis

(LS6 area)

Below Market Value

This property is priced -7.9% below area average per sq ft

-7.9%
Potential saving
This Property
£251/sq ft
Area Average
£273/sq ft
Avg Rent (weekly)
£460
Avg Yield
8.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£274,775
10% above area average per sq ft
Potential ROI
+1.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (LS6)

Area prices are falling by +8.8% over the last 12 months
3 year growth: 5.1%
5 year growth: 20.6%
Investment Disclaimer: Analysis based on LS6 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

Parkland Terrace, Meanwood, Leeds
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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
£843
Based on a loan of £172,500 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