Regent Park Avenue, Leeds £550,000

A SUBSTANTIAL AND HIGHLY CHARACTERFUL SIX BEDROOMED END PERIOD TERRACE, WITH AN EXTENSIVE BASEMENT AND A DETACHED GARAGE, SITUATED IN THIS PRIME AND SOUGHT-AFTER LOCATION JUST OFF HYDE PARK CORNER, WITH LOCAL SHOPS, BARS, HYDE PARK, THE UNIVERSITIES AND LEEDS CITY CENTRE ALL WITHIN EASY WALKING DISTANCE.

CLICK ON VIRTUAL TOUR OR ON 'FULL DETAILS' FOR LOTS MORE INFORMATION ABOUT THE PROPERTY, THE LOCAL AREA, TRANSPORT LINKS AND SCHOOLS.

Tenure – Freehold

Possession – The property is being sold subject to the existing tenancy agreements.

AML - Under UK Law, Estate agents are required to carry out Anti Money Laundering (AML) checks in line with regulations and guidance set out by HMRC. These checks include identifying the source of funds used to purchase a property and conducting identity checks on their customers. For any intending purchaser, we will require evidence of funding to support any offer and we will carry out an electronic identity check. We may also need to request photographic identification and/or proof of address.

The property retains many period features including a stunning fireplace in the lounge, ceiling covings and mouldings, high ceilings and very spacious room proportions, briefly comprising an entrance vestibule with stained glass lights and door leading to a generous entrance hall, a lounge with a fantastic marble feature fire surround, a double bedroom with another feature fireplace and a large modern fitted dining kitchen.  There is an extensive basement with three rooms.   Upstairs, there are three bedrooms, a bathroom w/c, a shower room w/c and a separate w/c on the first floor and two further bedrooms on the top floor.

Externally, there is a small garden to the front, a yard to the rear leading to a good sized detached garage which may also offer potential for further development, additional rental income or at the least, very useful storage.

Planning permission has also been granted to convert the property into a four bedroomed duplex flat and a three bedroomed duplex flat with potential to increase rental income to circa £45,000 p/a. Planning reference 24/00951/FU.

The property is currently let until 30th June 2026 @ £38,716 p/a excluding bills.   The sellers have a HMO Licence until 3rd October 2028.   The property also has a lawful use certificate for C4 (HMO) use.   The sale is subject to the buyer retaining the current lettings management agent, Leeds Rentals, for at least the remainder of the tenancy.

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