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Entire Morley street snapped up for £426K

The block of 10 houses on Denton Street, Morley has been sold for �426K

The block of 10 houses on Denton Street, Morley has been sold for �426K

A rather unusual lot of has just been sold at auction - an entire street of Morley houses.

Denton Terrace was originally built about 100 years ago by a father for his daughter, the idea being she would live in one of the properties and claim an income from renting out the rest.

After the previous owner of the block died, the properties passed into possession of a charity and they have just been snapped up for a cool £426,000 by Leeds investor William Langton, a well-established property investor/landlord.

A spokesman for Auction House said he would be refurbishing the empty properties before letting them, adding existing tenants will remain in occupation.

The sale of the 10, one-bedroom properties had guide price of £360,000 to £380,000.

Three of the homes are vacant and seven are tenanted.

Auctioneer and managing director of Auction House West Yorkshire, David Pank, said: “This was a very rare opportunity. It’s unusual to get a whole block of houses for sale in a single lot and the fact they’ve been in the same ownership for so long is also quite remarkable. They are believed to have been in the same family for close to 100 years.”

Although they have been updated over the years, all 10 homes require some modernisation. They each have a living room/kitchen on the ground floor with one bedroom and a bathroom on the first floor. The five properties to the front are street lined, while the five at the rear have their own gardens and overlook playing fields.

The seven rented houses are on lifetime tenancies, so the occupants have security of tenure as long as they pay the rent.

The auction was held at Elland Road Stadium on Wednesday.

 

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