SSTC – Ash Gardens

£300,000
  • Ref: 8AG
  • Type: Semi-Detached House
  • Availability: Sold STC
  • Bedrooms: 4
  • Bathrooms: 1
  • Reception Rooms: 1
  • Parking: Driveway
  • Outside Space: Garden
  • Tenure: Freehold
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Property Summary

INVESTMENT, DEVELOPMENT OPPORTUNITY, PLANNING PERMISSION GRANTED FOR CONVERSION TO 5 BEDROOMS WITH £31k+ P/A INCOME.
HAS CERTIFICATE OF LAWFUL USE FOR HMO.

CURRENTLY LET TO 3 AT £14,820 UNTIL 30TH JUNE 2022. WORK COULD BE STARTED ON 1ST JULY 2022, OR RE LET FOR ANOTHER YEAR.

An exciting opportunity to extend an existing HMO, complete with Certificate of Lawful Development in place, essential within the Leeds Article 4 Area.

Planning permission has been granted for loft conversion and single storey extension, to allow conversion to a spacious and well thought out 5 bedroom property. When refurbished this could generate in excess of £31,000 per annum.
There is potential to convert this to a 6 bed, subject to redesigning the layout/planning, increasing the rent further.

A prime student letting hot spot and a rare chance to purchase a development opportunity. These don't come up very often, and with the Article 4 Direction in place, properties that have been previously used under C3 usage class can't be converted.

The property benefits from a modern bathroom, with recently decorated and furnished rooms, so could be re let for another year should you wish to postpone any development for a year or so.

There is off street parking at the front of the property, with a driveway leading to a free standing lockup garage. The property has a rear garden, which could be made very pleasant and private with some minor work.

A VERY ATTRACTIVE INVESTMENT OPPORTUNITY, BENEFITING FROM AN OPPORTUNITY TO INCREASE RETURN & URGE EARLY VIEWING TO AVOID DISAPPOINTMENT!

The sale of the property is subject to the buyer retaining the current letting agent's management.
Tenure
Freehold
Possession
Subject to existing tenancy agreements. Vacant possession 30th June 2022