This land parcel presents an enticing investment prospect with planning approval secured for the development of 12 apartments, complemented by undercroft parking. With Absolute freehold title, the site, conveniently cleared, offers a seamless transition into construction. Located in Armley, just a mile west of Leeds city centre, the area boasts excellent transport connections facilitating access across the city and beyond. There's also potential for expansion, with the option to add another floor to accommodate a total of 18 apartments.
Favorable Market Trends:
The average property price in LS12, Leeds, West Yorkshire, currently stands at £193,522, reflecting a notable uptrend. Sold prices in LS12 have seen a 9% increase over the past year, with a remarkable 16% rise compared to the peak of £166,621 recorded in 2021.
Armley: A Thriving Locale:
Situated less than a mile from Leeds city centre, Armley is a bustling district steeped in history, tracing its roots back to the Industrial Revolution. Its industrial heritage is evident in the repurposed mills, including the iconic Leeds Industrial Museum at Armley Mills, offering a glimpse into the area's rich past.
Unconditional Offers Invited:
Seeking unconditional offers over £185,000.00, plus a buyer's fee, this investment opportunity presents the chance to capitalize on the thriving property market in Armley and secure a stake in one of Leeds' most promising locales.
