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Rare Renovation Opportunity On Alwoodley Lane, Alwoodley, Leeds LS17 - Image 1
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Rare Renovation Opportunity On Alwoodley Lane, Alwoodley, Leeds LS17

Yorkshire

£1,500,000
Listed on 01/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
5125 sqft

Description

This five-bedroom property sits on a generous south-facing plot in the desirable locality of Alwoodley Lane, presenting an exceptional investment opportunity for those looking to create a bespoke family residence. The site is offered chain-free and comes with full planning permission for significant renovations that promise to enhance both living space and aesthetic appeal. The approved plans indicate a thoughtful redesign, expanding the current footprint from 3,036 square feet to approximately 5,125 square feet. These enhancements include a combination of part two-storey and single-storey extensions at the front and rear, a new pitched roof featuring dormers, and an expansive rear addition designed for family-oriented living. The reconfigured entrance with a striking canopy, along with integrated utility space in the double garage, adds modern functionality while updates such as re-rendering and brick cladding will greatly improve the property’s exterior appearance. Inside the proposed design prioritizes natural light and spaciousness, making it well-suited for contemporary lifestyles. This property not only offers potential homeowners a chance to craft their ideal living environment but also attracts developers seeking a project with strong long-term value. Situated in one of North Leeds' most prestigious neighborhoods, this location boasts excellent amenities including highly regarded schools like the Grammar School at Leeds. Residents can enjoy proximity to quality restaurants, coffee shops, and various sports facilities such as David Lloyd. The convenience of easy access to Leeds City Centre and other nearby towns like Harrogate and Wetherby further enhances its appeal. Additionally, Leeds Bradford International Airport and major motorway connections are just a short drive away. Whether you envision this as your future home or as an investment project ripe for transformation, this south-facing plot presents unique possibilities ready for realization. Interested parties are encouraged to make inquiries or arrange site visits by appointment to explore further details about this promising opportunity.

Investment Analysis

(LS17 area)

Below Market Value

This property is priced -15.2% below area average per sq ft

-15.2%
Potential saving
This Property
£293/sq ft
Area Average
£345/sq ft
Avg Rent (weekly)
£317
Avg Yield
3.4%

Renovation Potential

Est. Renovation Cost
£150,000 - £375,000
10-25% of property value
Target Value
£1,945,783
10% above area average per sq ft
Potential ROI
+3.8%
After renovation
Monthly Sales
23
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (LS17)

Area prices are stable by +1.8% over the last 12 months
3 year growth: -0.9%
5 year growth: 24.2%
Investment Disclaimer: Analysis based on LS17 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Rare Renovation Opportunity On Alwoodley Lane, Alwoodley, Leeds LS17
Map showing location of Rare Renovation Opportunity On Alwoodley Lane, Alwoodley, Leeds LS17
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