2-bedroom flat · BD16 1SZ
Listing removedListed 171 days
Opportunity summary
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About
An excellent opportunity to purchase a well proportioned two bedroom first floor apartment offering good sized living accommodation in need of some modernisation enjoying a fine aspect, garden and tandem garage.
No chain Forming part of this select purpose built development on the outskirts of Cottingley village this well proportioned two bedroom first floor apartment offering good sized living accommodation.
The apartment is in need of some modernisation and includes gas heating system and uPVC sealed unit double glazing.
The accommodation briefly comprises entrance porch, reception hall, spacious lounge diner, kitchen, two bedrooms and bathroom.
Outside there are attractive gardens at the rear enjoying a lovely aspect and tandem garage underneath.
The property is situated within a popular setting which is within close proximity to Bingley town centre.
Bingley offers its residents an array of first class amenities which include local shops, bars and eateries, excellent primary and secondary schools and superb commuter links to the immediate local area as well as a train service which commutes daily to the cities of Leeds and Bradford.
We have been advised by the vendor that the property has a 999 year lease but each apartment owns 1/12th of a residents freehold.
There is no annual service charge but if any communal works are required, the cost is split between all the residents.
From Cottingley Bar traffic lights continue over the min roundabouts to the next mini roundabout immediately after the Sun public house turning left immediately after the roundabout in to St.
Michaels Closed. Number 11 will be found on the right hand edge of the development with its own private entrance to the side.
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 4, St. Michaels Close, West Yorkshire
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