2-bedroom flat · NG25 0GL
Listing removedListed 68 days · slow let
Opportunity summary
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About
Agent Ref SM0559 - Set within a characterful former mill, this second-floor apartment offers well-proportioned accommodation just a short walk from the heart of Southwell.
The property features two double bedrooms, a bathroom, and a bright open-plan living and dining space with an archway leading through to the kitchen.
The mill itself showcases a wealth of original features, including the distinctive arched windows found throughout this apartment.
Positioned in a picturesque, semi-rural setting, the home enjoys lovely open views across the River Greet, which can be appreciated from both the living area and the main bedroom.
Access to the apartment is via a secure keypad-controlled entrance, leading to a private internal entrance serving only three apartments, providing an added sense of privacy.
Greet Lily Mill is a striking historic building converted into residential apartments in the early 1990s.
Now home to 25 apartments, it offers a well-established residential community within comfortable walking distance of Southwell town centre and its wide range of amenities.
Entrance The apartment is approached via a private rear entrance to the mill, used exclusively by three apartments.
A secure keypad door opens into a light communal hallway, with an open cast-iron staircase rising to the upper floors.
Hallway – 4.5m x 2.1m (max) The apartment door opens into a generous central hallway giving access to all rooms. There is also a large storage room and a useful cloakroom cupboard.
Sitting & Dining Room – 4.8m x 4.9m A spacious and versatile living area with ample room for both seating and dining furniture.
Dual-aspect windows, including river-facing glazing, allow excellent natural light and attractive views. An open archway leads through to the kitchen.
Kitchen – 3.3m x 1.7m -A newly fitted, contemporary kitchen finished in a smart, modern palette.
The room features a range of dark shaker-style wall and base units complemented by marble-effect work surfaces and matching upstands.
Integrated appliances include a brand new fridge freezer, electric oven with ceramic hob and stainless-steel extractor hood, with space thoughtfully designed for everyday practicality.
A stainless-steel sink with drainer sits beneath open shelving, providing both storage and display space.
The kitchen is well lit and enjoys a pleasant outlook through the arched window, while wood-effect flooring completes the clean, modern finish.
Bedroom One – 3.5m x 3.4m A comfortable double bedroom enjoying charming arched windows overlooking the River Greet. Carpeted flooring and a large built-in wardrobe complete the room.
Bedroom Two – 2.5m x 2.9m A second double bedroom with a rear-facing window. Bathroom – 1.8m x 2.2m Comprising a bath with shower over, WC and wash basin, with part-tiled walls and laminate flooring.
Storage Room – 2.7m x 0.7m A practical internal storage area housing the water tank and fuse box.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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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FAQ
About 18, Greet Lilly Mill, Southwell
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