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 work4-bedroom semi-detached house · LS15 8TA
Listing removedReduced £160k (−53.3%) on 1 JunListed 287 days
Opportunity summary
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About
** UNEXPECTEDLY RE-OFFERED - READY TO MOVE IN TO ** Shared Ownership properties available to reserve at Morwick Springs, an exciting new development in East Leeds. £140,000 represents a 35% share.
Full market value is £400,000. An outstanding new development comprising of contemporary three and four bedroomed homes available with Shared Ownership.
Morwick Springs is a new community tastefully designed with nature in mind.
Here you'll find extensive green spaces, with wetland and wildlife living side by side, and yet only a few miles from the centre of Leeds.
SPECIFICATION KITCHENS Symphony kitchen units and worktops Single electric oven, electric ceramic hob, splashback and extractor hood Integrated fridge/freezer 1.5-bowl stainless steel sink Space and utilities provided for washing machine Downlighters & under-unit lighting BATHROOMS Contemporary white sanitaryware with chrome taps Thermostatic shower and bath/shower screen Downlighters Full-height tiling to shower end of bath Ventilation fan LIGHTING AND ELECTRICAL Telephone and TV outlets Double power sockets throughout Optical smoke alarm in hall landing and living area Multi-sensor heat/optical alarm in kitchen (for properties with solar panels/photovoltaic) External light at front of house with PIR sensor OTHER FEATURES Vinyl flooring in kitchen, bathrooms, cloakrooms, ensuites and utility rooms; carpets fitted in all other rooms Triple-glazed windows Turf to front garden (where applicable) Outside tap Some plots have access to electric vehicle (EV) charging points – please enquire Our homes at Morwick Springs come with a range of fixtures and fittings as standard, providing the perfect backdrop for a home you’ll love to live in.
Your attention is drawn to the fact that it may not be possible to provide the exact products as referred to in the specification. In such cases, a similar alternative will be provided.
Latimer reserves the right to make these changes as required. Morwick Springs is ideally located on the edge of one of the most vibrant and eclectic cities in England.
Just six miles from Leeds city centre, Morwick Springs also enjoys great links across the North, easy access to the M1 and close proximity to national beauty spots.
Essentials such as supermarkets, Post Offices, GP surgeries and dentists are easily accessed in Crossgates and the surrounding area – while Leeds city centre has a huge range of high street names, independent shops and professional services for every budget.
At Morwick Springs you’ll also have a number of primary schools nearby (many rated “Good” by Ofsted); for secondary education, the wider East Leeds area provides a considerable choice of “Good” and “Outstanding” schools.
When it’s time to unwind, nearby Thorpe Park offers fitness and leisure facilities, as well as restaurants, bars and cinematic thrills at Odeon Dolby Luxe.
From Morwick Springs it’s just a short journey into Leeds city centre, where a whole other world of entertainment, food and nightlife awaits.
SHARED OWNERSHIP Shared Ownership is also known as part buy, part rent and is designed to be a stepping stone to you owning your home outright.
You buy a share of your home – as much as you can afford – starting from as little as 25% and rising up to 75% of the property’s value.
You then pay subsidised rent on the remaining share of your home. Over time, you can buy more shares in your Shared Ownership property, meaning you can own your home outright.
This process is known as ‘staircasing’. It is a good idea to start thinking about staircasing even before you buy, so you have a plan for owning more of your property.
The deposit required for a Shared Ownership mortgage is lower than if you were purchasing a property outright.
This is because it is calculated on the initial share you are purchasing, rather than the full value of the property.
You qualify for shared ownership if you: - You are at least 18 years old - You cannot afford to buy a home that suits your household’s needs on the open market - You have savings to cover a mortgage deposit and can obtain a mortgage - Your household earns £80,000 or less - You are a first-time buyer or do not currently own a property.
You would be eligible to reserve a property if you currently own a property which is Sold Subject to Contract.
Legal completion would need to be at the same time as legal completion of the shared ownership property or prior to.
Shares are available based on individual criteria and subject to assessment by Metro Finance.
TENURE Although properties are Freehold, they will be sold on a Leasehold basis if shared ownership arrangements are in place.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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.
Area
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FAQ
About Plot 137 Morwick Springs, Leeds Road, Leeds, LS15
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