1-bedroom flat · BD16 4BG
For saleReduced £10k (−10%) on 20 JunListed 644 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A stunning one bedroom apartment which is set withing a beautiful Mill conversion which enjoys private parking, well maintained communal grounds and lovely scenic views.
Situated within this impressive mill conversion is this a very well presented one bedroom apartment which boasts stylish decor and fittings along with spacious internal living space.
Enjoying a central Bingley location which is within close proximity to a variety of first-class amenities and commuter links.
Making an excellent purchase for a wide variety of buyers, an early viewing is strongly recommended.
The accommodation briefly comprises communal entrance leading to an inner stairwell and lift to the first floor .
Entrance hallway leading to a spacious open plan lounge and dining area and attractive fitted kitchen . There is a good-sized double bedroom along with a modern house bathroom.
Externally the property boasts attractive roof top paved communal grounds along with designated parking and visitor parking.
The Locks is situated approximately 1/4 mile from Bingley town centre which offers a range of shops and amenities and excellent road and rail links to other West Yorkshire and North Yorkshire business centres.
Local Authority & Council Tax Band • The City of Bradford Metropolitan District Council, • Council Tax Band C Tenure, Services & Parking • Leasehold • Mians- Electric/ Water/ Drainage • Residents & Visitor Parking Internet & Mobile Coverage The Ofcom website shows internet available from at least 1 provider.
Outdoor mobile coverage (excl 5G) available from at least 1 of the UK’s 4 main providers.
Results are predictions not a guarantee & may differ subject to circumstances, exact location & network outages Agent’s Notes 1.
Please note the property is leasehold for a period of 125 years. 2. We have been informed by the vendor that the annual ground rent is £50.00. 3.
We have been informed by the vendor that the monthly service charge is £249.93.
From Dacre Son & Hartley's Bingley office proceed up Park Road in the direction of Eldwick after approximately 1/4 mile turn left into Wilson Road.
After a short distance take a left into The Locks and continue straight ahead where the underground parking facility can be found on the right hand side with visitor parking round to the left of the building.
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 31, The Locks, Bingley
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