2-bedroom flat · LS21 1FX
Listing removedListed 165 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale with no onward chain - a modern, purpose-built two-bedroom ground floor apartment with communal gardens and an allocated parking space in this quiet and peaceful setting within the popular Garnetts Mill development close to Otley centre and the River Wharfe.
3 Washburn Apartments is a modern, two bedroom ground floor apartment which is available with no onward chain.
It is smartly presented with a living area and adjoining fitted kitchen having a range of appliances. There are two double bedrooms, one with an en-suite shower room and a house shower room.
There is a parking space nearby and communal gardens to enjoy and the property benefits from all main services including gas-fired central heating and double glazing as well as a phone entry security system.
The apartment forms part of the highly regarded Garnett's Mill development which sits close to the banks of the River Wharfe with some wonderful rural walks close to hand.
The ever popular and thriving town of Otley is within walking distance and has a wide range of amenities including shops, national supermarkets and traditional pubs.
The central bus station has regular service to Leeds, Bradford, and Harrogate. In addition, there is a railway station at nearby Menston offering main line links.
For those travelling further afield, Leeds Bradford International Airport is at nearby Yeadon.
Local Authority & Council Tax Band •Leeds City Council •Council Tax Band C Tenure, Services & Parking •Leasehold 999 year lease from 20th July 2018 – Service charges £1,373.02 pa to include Estate Service charge.
Ground rent £150.00+vat •All mains services. Double Glazing.
Gas Central Heating •Allocated parking space Internet & Mobile Coverage For information on Internet and Mobile coverage access the Ofcom website from this link Flooding For information on flood risks please use this link Check for flooding in England - GOV.UK Agent’s Notes If any issue such as location, communications or condition of the property are of material importance to your decision to view then please discuss these priorities with us before making arrangements to view.
From our offices on Bondgate, proceed in the direction of Pool in Wharfedale along the A659.
Turn left onto the Garnett's Wharfe development and on the left-hand side before you get to Stephen Smith's Garden Centre.
Continue along Mill Way and then take the turning into Garnett's Grove as the road branches to the left.
The parking and entrance for Washburn Apartments is on the left-hand side just as the road bends right.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Garnetts Grove, Otley, West Yorkshire, LS21
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