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Spen Road, West Park, Leeds

Yorkshire

£550,000
Listed on 10/04/2026

Property Details

Bedrooms
N/A
Type
House
Area
2090 sqft

Description

This significant property, currently divided into two self-contained flats, presents a compelling opportunity for renovation or reconfiguration to either enhance rental income or convert for commercial use (subject to the necessary planning permissions). Each flat boasts spacious living quarters with ample natural light, and includes fitted kitchens, comfortable bedrooms, and contemporary bathroom facilities. Occupying a generous plot with off-street parking, large gardens on three sides, and a standalone garage, this site is primed for investment. Located in the desirable suburb of North Leeds, it offers proximity to various local amenities such as shops and restaurants, making it an attractive option for future tenants or buyers. The ground floor flat is vacant while the first-floor unit is currently tenanted at £975 pcm. Given its location and layout, this property warrants an internal viewing to explore its potential further.

Investment Analysis

(LS16 area)

Below Market Value

This property is priced -19.3% below area average per sq ft

-19.3%
Potential saving
This Property
£263/sq ft
Area Average
£326/sq ft
Avg Rent (weekly)
£269
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£749,589
10% above area average per sq ft
Potential ROI
+24.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (LS16)

Area prices are rising by +3.5% over the last 12 months
3 year growth: -1.0%
5 year growth: +1.8%
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.

Location

Spen Road, West Park, Leeds
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,948
Based on a loan of £412,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

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