fallen tycoon Simon Morris’s former family home has been put up for sale for a £1m.
The Meadows, a sprawling five bed detached house complete with swimming pool and jacuzzi located on sought-after Ling Lane in Scarcroft, is on the market with estate agent Manning Stainton’s Fine & Country team.
It was repossessed by the banks after Mr Morris, now 34, was made bankrupt in 2009, confirmed his father Bryan Morris yesterday.
In January this year the bankruptcy order was extended by a further 10 years after it was said at Leeds County Court that Mr Morris had hidden assets.
Today his former house is estimated to be worth £1.267m, according to property website Zoopla. Mr Morris senior declined to discuss the house sale, saying that it was all “very upsetting”.
An open viewing was organised for prospective buyers last weekend, with offers over £1m to be considered.
The property, previously named Ravensdene, was valued at £1.675m when the former Leeds United director became the registered owner in 2006.
Today the accommodation is described in the estate agent’s literature as a spacious property located over 5,500sq ft with no upward chain.
Agent’s notes also advise that the house is “in need of a cosmetic upgrade”.
Mr Morris’s property empire collapsed in 2008 with debts of £50m, which saw SRM Holdings, based at Brewery Wharf in the city centre, and around 40 subsidiaries placed into administration.
In 2007 the former Leeds Grammar student was famously said to be worth £69m and ranked eighth in the The Times Young People’s Rich List.
As a young man Mr Morris sold leather coast in markets, having dropped out of university where he was studying law.
As a property boom took off in Leeds and across the country he turned his attention to development and set up Morris Properties in Leeds, which specialised in student accommodation.