Gainsborough Avenue, Adel, LS16

Overview

*FOR SALE VIA TRADITIONAL AUCTION * GUIDE PRICE £250,000* BIDDING CLOSES 30th NOVEMBER 3PM* FEES APPLY *
A fantastic DEVELOPMENT OPPORTUNITY with potential to create a LARGE FAMILY HOME in this sought after part of Leeds, or to MODERNISE AND RENOVATE TWO LARGE APARTMENTS. We are excited to offer to the market the chance to purchase a project property, in this highly desirable area of Adel. At over 1600sqft there is lots of opportunity to make this property into something fantastic.
Formally a four-bedroom family home, this property has been long since been separated physically and legally (in title) into two substantial large 800+ square foot, one-bedroom properties.
Both titles are now offered for sale jointly, with the prospect of either or both properties being renovated to create a large investment property or there is significant potential to create a large family property, with further potential for extension and renovation (subject to relevant permissions) into a four/five-bedroom home. The adjoining properties have benefited from the conversion of the attic into a second floor and subject to planning and regs there could be the option to add additional bedrooms and square footage .
The ground floor currently presents as a renovated and modernised large one-bedroom apartment with a large living space, large kitchen, updated bathroom, tiled with over bath shower and its own private access to the rear. The abundance of windows means this space feels open and light.
The first floor is in need of modernisation and having its own private entrance to the front comprises of a large kitchen, large double bedroom and a large front sitting/living room with four windows and lots of light. . To the rear is a house bathroom.
To the front of the property is a landscaped garden offering curb appeal and to the rear is a good-sized family garden, with lawns, storage and a large separate garage.
Council Tax Band: B
Tenure: Freehold
NOTE FOR BUYERS:
Traditional Online Auction Information:
Please note: this property is for sale by Traditional Online Auction. This means that exchange will occur when the online timer reaches zero (provided the seller's reserve price has been met or exceeded). The winning buyer will be legally obliged to purchase the property at their highest bid price.
Fees:
On Exchange of contracts, the buyer must pay 10% towards the purchase price of property. £2,600 of this 10% is charged immediately online, with the remainder payable by 12pm the next business day.
There is an additional buyer premium of £2,400 (incl. VAT) which will be charged immediately online.
Pricing Information:
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Hunters and Bamboo Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail. Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
FOR BIDDING AND LEGAL INFORMATION PLEASE VISIT HUNTERS.COM/AUCTIONS