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North Parade, Otley, LS21

Yorkshire

£265,000
Listed on 16/12/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
609 sqft

Description

This spacious four-bedroom mid-terrace property, set within a Victorian stone structure in the central area of Otley, presents a significant opportunity for renovation and investment. While it currently requires modernization throughout, the layout is both versatile and accommodating. The ground floor features a living room and dining room that lead into a kitchen space, along with stairs descending to two generously sized basement rooms. The first floor hosts three double bedrooms alongside a bathroom, while an additional large bedroom is located on the upper floor. The property benefits from a two-storey rear extension and boasts a good-sized garden to the rear, which also includes tandem parking for two to three vehicles. Given its central location in Otley—a bustling market town with ample amenities and excellent transport links—the home offers potential not only for personal customization but also for future resale value. Early viewings are encouraged to fully appreciate the scope this property has to offer.

Investment Analysis

(LS21 area)

Above Market Value

This property is priced +36.0% above area average per sq ft

+36.0%
This Property
£435/sq ft
Area Average
£320/sq ft
Avg Rent (weekly)
£242
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£214,401
10% above area average per sq ft
Potential ROI
-31.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
57%
Properties sold annually

Local Market Trend (LS21)

Area prices are rising by +5.0% over the last 12 months
3 year growth: 4.4%
5 year growth: 12.7%
Investment Disclaimer: Analysis based on LS21 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

North Parade, Otley, LS21
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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
£971
Based on a loan of £198,750 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