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40 Peel Street, Morley, Leeds

Yorkshire

£145,000Guide Price

Listed on 08/07/2026

Property details

Bedrooms
2
Type
Terraced

Description

This property presents a distinctive opportunity for investors or those seeking a renovation project in the heart of Morley. Previously rented as a two-bedroom residence for over a decade, the home is brimming with potential for reconfiguration or conversion to meet various needs, subject to necessary planning permissions and regulations. The spacious kitchen features a country-style design, providing access to additional storage in the basement, while the large reception area previously functioned as a shop, making it ideal for redevelopment into living space or an office. The upper floors offer generous bedrooms and a bathroom, ensuring ample room for transformation. Externally, there is a good-sized enclosed rear yard that can enhance outdoor living. Given its central location with easy access to shops, transport links, and schools, this property could be modernized for rental purposes or extensively renovated into something special.

Investment analysis

(LS27 area)
Area Average
£257/sq ft
Avg Rent (weekly)
£227
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (LS27)

Area prices are stable by -0.1% over the last 12 months
3 year growth: +3.6%
5 year growth: +12.9%
Investment Disclaimer: Analysis based on LS27 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

40 Peel Street, Morley, Leeds
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£548
Based on a loan of £108,750 over 30 years at 4.45% 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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