Shadwell Walk, Moortown, Leeds

This three-bedroom semi-detached house presents a solid opportunity for first-time buyers and investors looking for a project. While the interior is dated and requires modernisation, the property boasts a desirable location near amenities, schools, and parks, which enhances its appeal. The potential for extension, subject to planning permissions, adds to the project's value, especially in this sought-after area.

However, the asking price of £365,000 translates to £365/sqf, slightly above the local average of £340/sqf. Coupled with renovation costs estimated between £40,000 and £80,000, the total investment could stretch beyond what local benchmarks suggest for this floor area, making the economics less compelling. While the property is available with no chain, it’s essential to consider these factors in your decision-making process.

Renovation economics weigh on the grade because once you include an estimated £60,000 of works on top of the asking price, spend approaches £425,000 — roughly 20% above what comparable floor area achieves locally in current condition. The economics score captures that squeeze; finished resale value is outside our model.