2-bedroom flat · LS21 1GG
To rentReduced £100 (−6.1%) on 10 OctListed 114 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A stunning riverside 2 bedroom, 2 bathroom brand new apartment overlooking the river on Pool Road situated circa 1.5 miles from the stunning market town of Otley.
Otley for those of you less familiar with the town is one of West Yorkshire's most sought after locations to live.
It has excellent schools, beautiful river walks and easy connectivity for the commuters by rail, road and air with the airport just a few miles away.
It sits conveniently between Leeds, Harrogate and Wetherby.
The market town is a throw back in time with many artisan cafes, gastro pubs, bakeries, independent eateries, numerous butchers, banks and a weekly fresh farmers market with a wide selection of produce and excellent fresh fish.
It is a location known for its historic architecture, vibrant market and friendly atmosphere.
The original mill dates back to 1927 but has now been converted into luxury apartments boasting one of the highest grade finishes we have seen at this price point and certainly little compares in the local area.
Enter the development via private electric gates and note first the spacious parking. A large designated bay.
This gorgeous apartment is one of the best in the entire development and is released for rent for the first time.
Enter through the wide spacious communal areas and reach the apartment via lift or stairs. What strikes you as we enter the apartment is quality and attention to detail.
The carpets are beautifully matched to the wall tones and the type your feet really sinks into.
The doors are all a high upgrade walnut finish, floors in the kitchen a rich dark Oak effect which is stunning, heating is zoned, there is a private door entry system, windows are oversize to take in the views and allow for plenty of natural light and the finish to the kitchen and bathrooms is quite exquisite.
We must dwell on the hub of the apartment a huge open plan kitchen living dining space opening overlooking the river.
The chefs among you will love the kitchen with sleek easy to clean down Quartz surfaces, plentiful storage in the tasteful bespoke units and high quality appliances including integrated dishwasher, oven and microwave and fridge freezer.
Further into the room there is ample space for a further dining table and a large additional area for sofas, coffee tables etc. It truly is a fantastic space. The bedrooms continue to impress.
The principle is a large double with a truly stunning large en-suite shower room with walk in rain shower and floor to ceiling beautiful tiling.
The second bedroom is equally inviting and serviced by the beautiful house bathroom. Do enjoy the photo reel and be sure to book your viewing soon.
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
We're still gathering serviced-accommodation data for this area.
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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 Milthorp Apartments, Pool Road, Otley, Leeds
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