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North Parade, Otley LS21

Yorkshire

£250,000
Listed on 02/02/2026

Property Details

Bedrooms
4
Type
Terraced house
Area
609 sqft

Description

This mid-terrace Victorian property in Otley presents a promising opportunity for renovation, featuring four double bedrooms and generous living space. It features a living room, dining room, and kitchen, alongside two substantial basement rooms accessible via stairs. The first floor offers three bedrooms and a bathroom, while an additional spacious bedroom is located on the second floor. A rear garden adds outdoor space, along with tandem parking for two or three vehicles. Though it requires modernisation throughout, the presence of a two-storey rear extension enhances its spaciousness and potential for transformation. Given the lack of forward chain, this property could be ideal for investors or buyers looking to enhance its value through targeted refurbishments. Located centrally in Otley, which boasts a range of amenities and excellent transport links, this property is well-positioned for future growth in desirability and market value.

Investment Analysis

(LS21 area)

Above Market Value

This property is priced +27.5% above area average per sq ft

+27.5%
This Property
£411/sq ft
Area Average
£322/sq ft
Avg Rent (weekly)
£253
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£215,607
10% above area average per sq ft
Potential ROI
-36.6%
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

North Parade, Otley LS21
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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
£902
Based on a loan of £187,500 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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