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Wike Ridge Farm, Wike, North Leeds - Image 1
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Wike Ridge Farm, Wike, North Leeds

Yorkshire

£1,500,000
Listed on 26/11/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
6000 sqft

Description

This is a unique opportunity to develop a custom-designed family residence in a picturesque setting, complete with approved planning for a spacious five-bedroom, five-bathroom home. With an impressive floor area of around 6,000 sq ft over three levels, the proposed design includes a generous triple garage and an additional bike store. Set within approximately 10 acres of paddock land, this site provides stunning elevated views of the surrounding countryside. Located near the desirable hamlet of Wike, the property balances rural charm with accessibility to local amenities in East Keswick and Alwoodley. Educational institutions such as The Grammar School and Gateways are nearby, while leisure options abound at Roundhay Park and various golf courses. This development not only presents the chance to create a bespoke family home but also offers significant investment potential in a sought-after area with ample space for outdoor pursuits.

Investment Analysis

(LS17 area)

Below Market Value

This property is priced -26.7% below area average per sq ft

-26.7%
Potential saving
This Property
£250/sq ft
Area Average
£341/sq ft
Avg Rent (weekly)
£283
Avg Yield
3.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£750,000 - £1,000,000
Target Value
£2,249,940
10% above area average per sq ft
Potential ROI
-10.0%
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
28%
Properties sold annually

Local Market Trend (LS17)

Area prices are rising by +6.7% over the last 12 months
3 year growth: +5.0%
5 year growth: +25.6%
Investment Disclaimer: Analysis based on LS17 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

Wike Ridge Farm, Wike, North Leeds
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£5,410
Based on a loan of £1,125,000 over 30 years at 4.06% 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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