We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · BD16 2BJ
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to purchase a spacious two bedroom ground floor apartment within The Chimes, an impressive development exclusively for the over 55s, offering independent living with an excellent range of on-site facilities and a welcoming community atmosphere.
The asking price represents a 40% share of the property’s full market value, with rent payable on the remaining 60%.
Situated within the bustling market town of Bingley, the development is ideally placed for an excellent range of local amenities, including supermarkets, independent shops, hairdressers, butchers, a Post Office, cafés and restaurants.
For those who enjoy the outdoors, the Leeds and Liverpool Canal, the famous Bingley Five Rise Locks and Three Rise Locks, Myrtle Park and the beautiful St Ives Estate are all within easy reach.
The Chimes offers much more than just a place to live – it provides a lifestyle.
Residents can enjoy an impressive selection of on-site facilities, including a Bistro, Residents’ Lounge, Hair Salon, Beauty and Massage Rooms, Activity Room and Residents’ Exercise Room.
The development also offers optional regular exercise classes and personalised wellness plans, along with social activities, encouraging an active and healthy lifestyle.
A guest suite is available for visiting friends and family.
The development benefits from an on-site Location Manager and a 24-hour emergency call system, offering additional peace of mind whilst allowing residents to maintain their independence.
The development is also pet-friendly (subject to approval) and benefits from solar panels, beautifully landscaped communal gardens and from the apartment there are far-reaching views towards the famous Bingley Five Rise Locks.
The apartment itself offers generously proportioned accommodation with modern fixtures and fittings throughout.
Situated on the ground floor, the accommodation briefly comprises an entrance hall, spacious walk-in storage cupboard, guest W.C., good-sized dual aspect living room with direct access onto a patio area, two well-proportioned bedrooms and a modern wet room.
Externally, residents can enjoy the attractive landscaped communal gardens, whilst ample parking is available for residents and visitors, including some electric vehicle charging points and disabled bays.
An excellent opportunity for those aged 55 and over seeking independent living with the added benefits of security, convenience and a vibrant community atmosphere.
Mobile Signal Information obtained from the Ofcom website indicates that an internet connection is available from at least two providers.
Broadband (estimated speeds) Standard 14 mbps, Superfast 43 mbps & Ultrafast 1800 mbps. Satellite & Cable TV Availability is through BT & Sky.
Outdoor mobile coverage (excluding 5G) is also available from all four of the UKs four leading providers. Results are predictions and not a guarantee.
Actual services may be different depending on particular circumstances and the precise location of the user and may be affected by network outages.
For further information please refer to: Entrance Hall Entrance door, electric wall heater and security entry system, Walk in storage cupboard.
Guest W.C 2 piece suite in white comprising pod vanity sink unit set within a white high gloss unit and back to wall pan w.c.
Shaver point and fitted mirror Living Room Double glazed floor to ceiling window to the side. Double glazed window and door to the rear leading out onto private patio.
Electric wall heaters and television point. Electric point for if you require a fire. Opening into … Kitchen Range of light grey base and wall units having a complementary work surface over.
Single drainer sink unit with mixer tap. Electric oven, induction hob and extractor hood over. Under cupboard lighting. Built in fridge and freezer. Laminate floor.
Double glazed widow to the rear with electric opener. Bedroom 1 Floor to ceiling double glazed window to the rear. Electric wall heaters and television point.
Bedroom 2 Floor to ceiling double glazed window to the rear. Electric wall heaters and television point.
Wet Room 2 piece modern suite in white comprising of sink unit set within a white vanity unit and back to wall pan w.c. Shower area with mains shower over.
Chrome heated towel rail, shaver point and fitted mirror. Utility Room Plumbing for washing machine. Hot water cylinder and fitted shelving.
Vent-Axia system which is a ventilation system designed to control humidity, eliminate condensation and mould, and improve air quality. Gardens and Parking Landscaped generous communal gardens.
Ample resident’s and visitors parking with electric changing points.
Important Information regarding Leasehold, Rent & Service Charges This property is leasehold and has the remainder of a 990 years lease from 31/10 2023. Leasehold end date is 31/10/3013.
The selling price represents a 40% share, with a rent payable on the remaining share. Additional shares can be purchased through a process known as 'staircasing', subject to the terms of the lease.
This rent is £848.20 per month. The service charges are £636.41 per month.
The following is included within the service charges: Water rates, gardening, external window cleaning, general upkeep and maintenance of all external areas and indoor communal areas, two lifts, heating and air conditioning in communal lounge, bistro, activity and exercise rooms when needed.
Mobile Phone and Broadband Coverage Information obtained from the Ofcom website indicates that an internet connection is available from at least two providers.
Broadband (estimated speeds) Standard 14 mbps, Superfast 43 mbps & Ultrafast 1800 mbps. Satellite & Cable TV Availability is through BT & Sky.
Outdoor mobile coverage (excluding 5G) is also available from all four of the UKs four leading providers. Results are predictions and not a guarantee.
Actual services may be different depending on particular circumstances and the precise location of the user and may be affected by network outages. For further information please refer to:
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Keighley Road, Bingley, BD16
Explore nearby