Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · LS27 8QE
Sold STCReduced £8k (−5.9%) on 10 SepListed 109 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £145,000. Morgan Estates proudly brings to market this unique property in the heart of Morley.
Previously rented as a two-bedroom property for the past 10 years, this versatile home is packed full of potential.
Subject to the necessary planning permissions and building regulations, it could be reconfigured, converted or transformed to suit a variety of uses, making it an exciting opportunity for investors, developers or buyers looking for a project.
From the rear yard, you enter into the spacious kitchen, which has plenty of room for a dining table.
Fitted with a charming country-style kitchen, this is a welcoming space and also provides access to the basement, offering useful additional storage.
Moving through the property, you will find the staircase to your left and, straight ahead, a large reception room with an adjoining office.
This part of the property was formerly used as a shop and offers incredible scope for redevelopment or reimagining into additional living accommodation, a work-from-home space or something entirely unique (subject to the necessary consents).
Climbing the first staircase, you will find a spacious living room to the right, with the house bathroom to the left. The bathroom comprises a bath with shower over, wash hand basin and WC.
Also on this floor is a well-proportioned double bedroom. A further staircase leads to the second floor, where you will find another generous double bedroom.
Opposite is a fitted kitchen area, creating further flexibility depending on your intended use for the property. Externally, the property benefits from a good-sized enclosed rear yard.
This property offers endless possibilities.
Whether you choose to modernise and re-let it as an investment, reconfigure the existing layout, or undertake a more extensive renovation to create something truly special, the potential on offer is clear.
Situated in the heart of Morley, you'll have a fantastic selection of shops, cafés, bars and restaurants right on your doorstep.
Morley Train Station is within easy reach, along with excellent transport links providing convenient access to Leeds City Centre and the wider West Yorkshire area.
The property is also well positioned for a range of highly regarded primary and secondary schools, making it an attractive option for a variety of buyers.
Contact the Morgan Estates Team today to arrange your viewing and discover the potential this unique Morley property has to offer.
Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.
The advertised price is commonly referred to as a 'Starting Bid' or 'Guide Price' and is accompanied by a 'Reserve Price'.
The 'Reserve Price' is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the 'Guide Price' / 'Starting Bid'. These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers' obligations and sellers' commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property.
The deposit will be a contribution to the purchase price.
A non-refundable reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained.
There is no requirement or indeed obligation to use these recommended suppliers or services. Council Tax Band: A Tenure: Freehold
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Shanty Shell, 40 Peel Street, Leeds
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