2-bedroom flat · BD23 5LZ
Sold STCListed 117 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Now requiring modernisation but providing an exciting opportunity for prospective purchasers to make personal changes to their own taste & specification, this generous first floor apartment has 2 well proportioned bedrooms and a light & airy Living Room with lovely views, being ideally suited to the retirement market or possibly those looking for an easily maintained second home.
Raines Lea is quietly tucked away but also within short walking distance of the bustling village centre of Grassington, surrounded by beautiful countryside within the Yorkshire Dales National Park adjacent to the River Wharfe.
The area is served by an excellent range of amenities including a Post Office, a convenience store, a medical centre with dentist, independent retailers and a great choice of pubs, cafés & restaurants.
Having the advantage of an allocated parking space and a Garage, the property is offered with no forward chain and in detail comprises: Communal entrance at ground floor level gives access to a self-contained door and steps up to: TO THE FIRST FLOOR EXTERNAL LANDING: with useful storage cupboard.
HALLWAY: with store cupboard and further cupboard housing the Vaillant combination boiler.
LIVING ROOM: 20’0” x 11’9” a very generous light & airy room with gas fire and windows on 3 sides with lovely views.
KITCHEN: 9’9” x 8’1” (max) with range of wall and base units, worktops, stainless steel sink & drainer, oven & grill, 4 ring electric hob, washer & dryer, integrated fridge and vinyl flooring.
BEDROOM 1: 9’9” x 11’” (into fitted wardrobes). BEDROOM 2: 8’5” x 9’9” (into fitted wardrobes).
SHOWER ROOM: 6’5” x 6’2” with shower enclosure, low suite w.c, wash hand basin, towel radiator, vinyl flooring and window with frosted glass.
TO THE OUTSIDE There are communal lawned gardens and a useful external store. There is an allocated parking space and a GARAGE (left end of block of 4). COUNCIL TAX BAND: Band C.
SERVICES: Mains water, gas, drainage and electricity are connected to the property.
The heating/electrical appliances and any fixtures and fittings included in the sale have not been tested by the Agents and we are therefore unable to offer any guarantees in respect of them.
SERVICE / MAINTENANCE CHARGES: A charge of £100 per month covers ground rent, service charges, buildings insurance, maintenance of communal areas, garden maintenance & window cleaning.
POST CODE: BD23 5LZ TENURE: The property is leasehold under the remainder of a 999 year lease from 1984. VIEWING: Please contact the Selling Agents, Messrs.
Wilman and Wilman on telephone 01535-637333 who will be pleased to make the necessary arrangements and supply any further information. PRICE: £200,000 – NO CHAIN
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 advisors 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 Raines Lea, Grassington, North Yorkshire
Explore nearby