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Milan Road, Leeds

Yorkshire

£155,000
Listed on 25/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
958 sqft

Description

This three-bedroom mid-terraced property on Milan Road in LS8 is a substantial residence spread over three levels, with additional untapped potential in the basement area. The ground floor features a spacious living room at the front, seamlessly connecting to a large kitchen/diner at the rear, perfect for family gatherings or entertaining guests. On the first floor, there are two well-sized bedrooms complemented by a house bathroom, while the second floor boasts a generous third bedroom illuminated by a Velux window, offering options for use as a principal bedroom or versatile living space. Notably, the basement has planning permission for conversion, allowing prospective buyers to create either a self-contained flat or expand the existing accommodation, representing an exciting investment opportunity. Located in LS8, this property is conveniently positioned near local amenities and transport links to Leeds city centre. Its appeal is further enhanced for buy-to-let investors due to strong rental demand and competitive purchase prices, providing excellent potential for capital growth through renovation and development.

Investment Analysis

(LS8 area)

Below Market Value

This property is priced -43.7% below area average per sq ft

-43.7%
Potential saving
This Property
£162/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£224
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£302,704
10% above area average per sq ft
Potential ROI
+47.7%
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
62%
Properties sold annually

Local Market Trend (LS8)

Area prices are rising by +3.7% over the last 12 months
3 year growth: +3.1%
5 year growth: +14.5%
Investment Disclaimer: Analysis based on LS8 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

Milan Road, 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
£559
Based on a loan of £116,250 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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