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Spen Lane, Leeds, West Yorkshire

Yorkshire

£550,000
Listed on 02/11/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1786 sqft

Description

This four-bedroom detached home presents a unique opportunity for renovation and investment in a desirable neighborhood. The property features a spacious layout, including a welcoming living room, separate dining area, and a kitchen that can be updated to suit modern preferences. Each of the four bedrooms is generously sized, making it suitable for families or those looking to create additional guest accommodations. A standout feature of this property is the large garden, which offers considerable potential for outdoor enhancements—perfect for entertaining or creating a private retreat. With off-street parking and a garage included, practicality is assured while providing security for vehicles. The location further enhances its appeal; nestled in West Park, you are just a short distance from local shops, cafés, and bistros. The vibrant amenities of Headingley are easily accessible, along with major transport links that connect you to other areas of Leeds. Nearby are fitness facilities and educational institutions ranging from nurseries to high schools, adding to the convenience of living here. With potential for improvement and customization, this home represents an appealing choice for investors or individuals looking to make their mark in a sought-after residential area. The freehold status provides further flexibility for future developments or alterations according to personal taste or market demand.

Investment Analysis

(LS16 area)

Below Market Value

This property is priced -3.1% below area average per sq ft

-3.1%
Potential saving
This Property
£308/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£265
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£624,448
10% above area average per sq ft
Potential ROI
+5.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (LS16)

Area prices are falling by +3.2% over the last 12 months
3 year growth: 0.4%
5 year growth: 8.7%
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.

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Location

Spen Lane, Leeds, West Yorkshire
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