Addington, the property investment and asset management specialist has sold 11 houses to owner occupiers in its town house scheme of 16 houses on Melbourne Street and Lower Brunswick Street near Leeds City Centre, with the remaining five homes under offer – three of these are expected to complete by the end of June.
Addington has redeveloped what was originally an obsolete office building and repurposed into twelve modern freehold 2-bed, 2-bath townhouses (Melbourne) and four 3-bed, 2-bath townhouses (Brunswick), all with garden and parking.
Addington says the houses are attractive to Leeds young professionals and young families who want to live near Leeds City centre, which is only one mile away. Good shopping is less than half a mile away. This Norther Quarter of Leeds has seen significant regeneration in recent years with a number of new shops, bars and restaurants, adding to its vibrancy.
Matthew Allen, Principal at Addington Capital said, “In line with Addington’s re-purposing strategy, we took a tired offices unit and created 16 modern houses, all with outdoor space and terraces at the back, in line with ever-increasing homeowner demand.
“Leeds is one of UK’s fastest growing cities. The City Centre has a population of 758,000 with 27% of the population aged between 20 and 34 and an economy forecast to grow, particularly on the back of financial and business services. It has a vibrant young professional market looking for quality space as they move up the ladder.”
We are delighted in the success of our re-development and that buyers found our scheme attractive.”
