2-bedroom flat · HX6 4BU
Sold STCListed 240 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Enjoying one of the best positions on this sought-after village development, 2 Silk Mill Chase is located on the first (top) floor of this two-storey block.
The well-presented two-bedroom / two-bathroom apartment enjoys windows to three elevations, commanding pleasant far-reaching views over the neighbouring hillside.
The property benefits from an allocated parking space and additional visitor parking. NO UPWARD CHAIN.
FIRST FLOOR Entrance Hall Living Room Kitchen Bedroom 1 En-Suite Shower Room Bedroom 2 Bathroom INTERNAL The property is accessed via the entrance hall with useful store cupboard.
There is a spacious living room featuring dual aspect windows and being open to the bright and airy kitchen.
The kitchen houses fitted units with an electric oven, gas hob with filter hood above, plumbing for a washer and space for a fridge freezer.
The two double bedrooms are complemented by a three-piece en-suite shower room and separate three-piece bathroom.
EXTERNAL The parking for this apartment is located under the archway, where there is designated parking for one car and additional visitor parking.
LOCATION Silk Mill Chase is within walking distance of the excellent amenities of Ripponden, including a health centre and a selection of shops, bars and restaurants.
The M62 is within 3 miles allowing a speedy access to the motorway network.
There are mainline railway stations in nearby Sowerby Bridge and Littleborough, and a regular bus service from outside the property. SERVICES All mains services.
Gas central heating with hot water radiators. UPVC double-glazed windows. TENURE & FEES Leasehold with remainder of 999 year lease from January 2006.
Quarterly maintenance charge £362 and ground rent £160 per annum.
DIRECTIONS From Ripponden traffic lights take the Oldham Road towards Rishworth and Silk Mill Chase is on the right hand side opposite The Silk Mill Pub.
IMPORTANT NOTICE These particulars are produced in good faith, but are intended to be a general guide only and do not constitute any part of an offer or contract.
No person in the employment of VG Estate Agent has any authority to make any representation of warranty whatsoever in relation to the property.
Photographs are reproduced for general information only and do not imply that any item is included for sale with the property. All measurements are approximate.
Sketch plan not to scale and for identification only.
The placement and size of all walls, doors, windows, staircases and fixtures are only approximate and cannot be relied upon as anything other than an illustration for guidance purposes only.
MONEY LAUNDERING REGULATIONS In order to comply with the ‘Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017’, intending purchasers will be asked to produce identification documentation and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 2 Silk Mill Chase, Ripponden HX6 4BU
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