Iveson Rise, Leeds, LS16

An incredible investment or project opportunity has arisen in one of North Leeds' most sought-after residential pockets. This three-bedroom semi-detached property on Iveson Rise is being offered to the market with no onward chain and represents the perfect blank canvas. For the savvy investor or buyer looking to put their own stamp on a home, the numbers speak for themselves. While the property requires a full scheme of modernisation throughout, it holds phenomenal capital growth and rental yield potential. Once fully modernised to a high standard, properties of this type in the immediate area command a rental value of circa £1,300 to £1,400 pcm. On the resale market, a refurbished home of this spec is worth circa £270,000 plus, with scope for significantly more should you choose to extend, subject to the necessary planning consents.

Crucially for buyers and mortgage lenders, this property is of standard brick construction, offering absolute peace of mind and setting it apart from some of the non-standard construction builds found in the wider area. Furthermore, the two most expensive structural ticket items have already been taken care of by the current owner, with both a brand-new roof and a modern, energy-efficient central heating boiler having been installed within the last five years.

The ground floor opens into a bright entrance hallway, leading through to a generous main reception room that serves as a light-filled living space. To the rear, the kitchen area offers a fantastic footprint to design a sleek, contemporary culinary hub, which currently flows into a conservatory extension that could easily be transformed into a dramatic open-plan kitchen-diner. Upstairs, the property features three bedrooms and a family bathroom layout ready to be transformed into a stylish modern suite. The primary and secondary bedrooms are comfortable doubles with excellent proportions, while the third bedroom is a traditional, compact single room that is perfectly suited to serve as a dedicated nursery, home office, or a cosy child's bedroom.

Externally, the property boasts excellent kerb appeal with a front garden and a private entrance. To the rear is a generous, fully enclosed garden, offering a fantastic blank canvas for landscaping, outdoor entertaining, or a sizeable extension. Situated in the highly popular LS16 area, Iveson Rise enjoys an enviable location close to vibrant local amenities, highly-regarded schools, and fantastic transport links into Leeds City Centre, Horsforth, and Headingley. Properties with this much untapped potential, standard construction status, and major structural upgrades already completed are rare to the market, and early viewing is highly recommended to appreciate the sheer scope on offer.

Entrance Hall

2.25m x 1.68m

Lounge

5.88m x 3.32m

Kitchen

4.09m x 2.81m

Conservatory

5.37m x 2.91m

Bedroom 1

3.15m x 2.88m

Bedroom 2

3.32m x 2.67m

Bedroom 3

3.48m x 1.23m

Bathroom

2.5m x 1.7m

Parking - Off street