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Waites Terrace, Otley

Yorkshire

£170,000
Listed on 27/01/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
734 sqft

Description

Situated in the appealing Waites Terrace area of Otley, this mid-terrace home offers a promising canvas for renovation enthusiasts and investors. The property features two spacious double bedrooms, making it suitable for individuals or small families seeking additional space. While it has been maintained with essential safety checks completed recently, the home would benefit from modernisation, presenting an opportunity for you to personalize and enhance its value. The locality is one of the property's strong points; it is conveniently located within walking distance of the vibrant town centre, which boasts a range of shops, cafes and local amenities. Nature lovers will appreciate the proximity to Otley Chevin, known for its scenic walking trails and panoramic views. Being offered with no onward chain simplifies the purchasing process, providing easy access for both first-time buyers and seasoned investors. This mid-terrace house not only combines comfort and location but also presents significant potential to increase value through thoughtful renovations.

Investment Analysis

(LS21 area)

Below Market Value

This property is priced -28.0% below area average per sq ft

-28.0%
Potential saving
This Property
£232/sq ft
Area Average
£322/sq ft
Avg Rent (weekly)
£253
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£259,862
10% above area average per sq ft
Potential ROI
+33.3%
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
112%
Properties sold annually

Local Market Trend (LS21)

Area prices are rising by +3.3% over the last 12 months
3 year growth: +6.9%
5 year growth: +8.8%
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

Waites Terrace, Otley
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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
£613
Based on a loan of £127,500 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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