2-bedroom flat · HG5 8DE
For saleReduced £20k (−6.8%) on 7 AugListed 109 days
Opportunity summary
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About
Tenure: Leasehold A superb two bedroom second floor apartment, occupying one of Knaresborough’s most sought-after riverside positions and enjoying spectacular views over the River Nidd and with fishing rights.
Forming part of an attractive Grade II listed former linen mill conversion, the property combines character and charm with spacious modern accommodation, together with the rare benefits of a garage, parking space, workshop and a share of the freehold.
A particular feature of the property is its stunning riverside setting.
Residents have exclusive use of beautifully maintained communal gardens situated on an island between the converging waterways, creating a unique and tranquil outdoor space.
The historic town centre of Knaresborough, with its excellent range of shops, cafés, restaurants and railway station, is just a short walk away.
The apartment is beautifully presented throughout and enjoys exceptional views over the river together with excellent storage and versatile additional accommodation.
Accommodation A secure communal entrance with entry phone system provides access to the apartment.
The sitting room is a spacious reception room with large windows framing spectacular views over the River Nidd, creating a wonderful space in which to relax and entertain.
The contemporary kitchen is fitted with a range of modern wall and base units and provides ample storage together with integrated appliances.
The principal bedroom is a generous double room with quality fitted Sharps wardrobes and an open-plan en suite shower room.
The second bedroom also benefits from fitted Sharps wardrobes and would make an excellent guest bedroom or home office.
There is a separate WC with washbasin, originally designed as a shower room and offering the potential to be reinstated, if required.
The property also benefits from a useful walk-in storage cupboard together with access to a part-boarded loft via a folding ladder.
Outside A particular feature of the property is the delightful communal riverside gardens, providing an idyllic outdoor setting with mature trees, lawned areas and beautiful views along the River Nidd.
The apartment benefits from a single garage with parking directly in front together with a substantial workshop or studio, providing excellent additional storage or potential workspace.
Private residents car park and communal bin store. Agents note The property is leasehold with a share of the freehold. Approximately 952 years remain on the lease.
The current annual service charge is approximately £1,500 for the Mill building together with £365 per annum for the estate.
Please note there is currently no power supply connected to the garage or workshop. Residents have fishing rights. EPC Rating: C
Value & comps
No previous sales on record.
Returns
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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.
Area
Agent & docs
FAQ
About 11 Castle Mills Waterside, Knaresborough
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