Harehills Avenue, Leeds, LS8

SUBSTANTIAL PERIOD PROPERTY | DEVELOPMENT & INVESTMENT OPPORTUNITY | £745,000

27 Harehills Avenue, Leeds, LS8 4EX

A substantial and highly versatile period property occupying an excellent position on Harehills Avenue, offering an exciting opportunity for investors, developers and owner occupiers alike.

Arranged with a current potential of up to 10 bedrooms (subject to usual planning/building regulation consents), the property has historically been used as a family residence and has more recently been utilised for room by room letting, with 5 of the potential 10 bedrooms (subject to usual planning/building regulation consents) currently let.

The property will be sold vacant, providing any prospective purchaser with the opportunity to consider and implement their own plans, subject to necessary planning, building regulation and other consents.

Of particular interest to investors, the previous owner produced plans in 1981 for the conversion of the property into 5 self contained flats. These historic plans are available for inspection at our offices and provide an interesting indication of how the accommodation could potentially be reconfigured.

A PROPERTY WITH SIGNIFICANT POTENTIAL

For an investor or developer, this is a property where the underlying building and layout offer considerable scope for reconfiguration and improvement.
Potential options could include:

· Continuing or redesigning the existing HMO / co living use
· Reconfiguring the accommodation into self-contained apartments, subject to planning and all necessary consents
· Exploring extensions or additional accommodation, subject to planning
· Undertaking a comprehensive refurbishment to create a higher quality investment property
· Reinstating the property as a substantial family home
· Alternatively, pursuing a combination of the above depending upon the purchaser's investment strategy

The property therefore offers the rare combination of substantial existing accommodation, period character and significant scope to add value.

PERIOD CHARACTER

Harehills Avenue is characterised by substantial period housing, with the wider area containing many properties dating from the Victorian and Edwardian period. The street includes a mixture of substantial houses and properties that have subsequently been divided or adapted for alternative residential uses.

27 Harehills Avenue itself is a particularly interesting proposition given its scale and existing configuration. Public property records also identify multiple rooms/units associated with the address, reflecting the property's history of being adapted for multiple occupation.

FOR THE INVESTOR

The property is particularly suited to purchasers looking for a value add opportunity rather than a turnkey investment.

With the property being offered vacant, an investor has the opportunity to take a fresh approach to the accommodation without being tied to an existing tenant structure.

The combination of below makes this a property worthy of serious consideration by developers and experienced property investors:

• Substantial floor area
• Potential to 10 bedroom configuration (subject to usual planning/building regulation consents)
• Existing history of room by room letting
• Vacant possession
• Period character
• Potential for reconfiguration
• Potential for further development, subject to consent
• Scope for a comprehensive refurbishment
• Strong demand for a range of residential accommodation in Leeds

OR A VERY SUBSTANTIAL FAMILY HOME

Away from its investment potential, the property could equally appeal to a purchaser looking for a large and characterful Leeds residence.
Having previously operated as a family home, the existing accommodation could be redesigned to create an impressive period residence, with scope to restore more conventional reception and living spaces while retaining a substantial number of bedrooms.

For the right purchaser, the property could therefore become either a large private family residence or a highly individual investment project.

LOCATION

Harehills Avenue sits within the wider Harehills / Chapel Allerton area of Leeds, providing convenient access to Leeds city centre and the surrounding established residential neighbourhoods.

The wider Harehills Avenue area has a particularly strong period property character, with a mixture of substantial houses, converted properties and flats. Current market data records the street as containing a significant proportion of period properties, many dating from between 1800 and 1911.

SUMMARY

27 Harehills Avenue represents a genuine development and investment opportunity rarely available at this scale.

Whether the objective is to reconfigure, extend, convert, refurbish, continue as an investment or restore as a substantial family home, the property provides an unusually flexible starting point.

GUIDE PRICE: £745,000

VACANT POSSESSION

SUBSTANTIAL PERIOD PROPERTY | DEVELOPMENT POTENTIAL | INVESTMENT OPPORTUNITY

Prospective purchasers are advised to make their own enquiries with Leeds City Council and other relevant authorities regarding planning, licensing, permitted use, HMO requirements, conversion to self-contained units, extensions and any proposed development. The potential described above is subject to the necessary consents.

These particulars are intended as a general guide to the property’s layout and potential footprint only. While the building possesses the internal volume to accommodate up to 10 potential letting bedrooms, the internal space is highly versatile and accommodates a flexible mix of living, utility, and communal zones that may alter the active room count depending on use.

Plans, room uses, and descriptions are for illustrative purposes and do not constitute an offer, contract, or warranty. Prospective purchasers must fully satisfy themselves via independent surveys, legal counsel, and architectural assessments regarding the exact current configuration, structural feasibility, and the necessity of any planning permissions, building regulations, or local authority licensing (such as HMO requirements) for their intended layout.