£23.5m Leeds residential development sells two thirds of apartments before completion

A £23.5m Leeds residential development has reportedly sold two thirds of its apartments ahead of its completion next month.

The Residence, located on Kirkstall Road, is being developed by KMRE Group and consists of 111 generously sized one-, two-, and three-bedroom apartments, as well as a selection of penthouses.

The homes are being marketed by Linley & Simpson with Morgans, and the scheme also includes 2,400 sq ft of commercial space and 25 parking spaces.

Kam Mogul, managing director at KMRE, said: “The Residence is a striking building which is already becoming a landmark on the Kirkstall Road corridor, ahead of its completion at the end of November.

“Since we unveiled our plans for The Residence, numerous other robust and well-funded developers have invested in neighbouring sites that will all completely transform Kirkstall Road over the coming years and create a bustling area, with its own identity, where people aspire to live.

“There’s no doubt The Residence will set a benchmark for all the other new developments that are now planned in this part of Leeds.”

Apartments at The Residence start at £152k and three bedroom penthouses, with generous south facing terraces, are priced from £463k.

Jonathan Morgan from Linley & Simpson with Morgans, said: “We’re already generating significant interest in the remaining apartments as the development approaches completion, from both owner occupiers and investors alike.

“Every home has been designed to be generously sized and the remaining penthouses offer large terraces and far-reaching views.”