2-bedroom flat · GL10 3UY
For saleReduced £10.1k (−4%) on 10 JulListed 336 days
Opportunity summary
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About
Millend Mill is a substantial Grade II listed Cotswold stone former woollen mill situated in a quiet country lane on the outskirts of the popular village of Eastington.
This rural location allows for easy access to the shops, amenities and train station of both Stroud and Stonehouse, with motorway junctions within easy reach and countryside walks on the door step.
The property was originally built in 1818 by wealthy cloth manufacturer Henry Hicks and was sympathetically converted to offer eleven well appointed apartments in 2015, with the ground floor retained as an impressive reception area with the original water wheel.
This apartment is on the second floor and has both lift and stairwell access, with beautifully presented accommodation arranged over one level.
This comprises an entrance hall, open plan living space with sitting area, dining area and kitchen with bespoke shaker style cabinets by Parlour Farm and integrated appliances, master bedroom with en suite shower room, main bathroom and second bedroom.
High quality fittings have been used throughout, with the lovely Oak floor with underfloor heating of particular merit.
The property is tastefully decorated and styled, and the windows enjoy a superb outlook over the mill stream at the front and surrounding countryside - indeed, the owners have binoculars at the ready by the sitting room and bedroom windows to watch the egrets, otters and other wildlife that congregate by the water.
A first rate property, and a must for your viewing list.
The apartments benefit from a sunny paved terrace immediately behind the property, next to the river, with another sitting area to the side of the building.
The grounds around the mill are well maintained, with established borders that are planted with mature, established shrubs and a gravelled area at the front of the building which is enclosed with an imposing wrought iron gate and railings.
All the properties benefit from an allocated parking space within the grounds, visitor parking and bin storage, in the outhouse at the entrance to the site, which also houses the meters.
Eastington is well known locally for its good community and allows for easy access to the shops, amenities and train station of Stonehouse with schooling, pubs, a shop, a village hall, hairdressers and brilliant walks close by.
Nearby Stonehouse has seen many changes over the years, and considerable growth, but remains a friendly town and a proud community spirit.
It is a great place to live, with a wide range of housing, a direct railway line to London, primary and secondary schools and a location just 2.5 miles from the M5 motorway.
Stonehouse has all the facilities one would expect of a small town, including a gp surgery, Co-op, three playing fields, pubs and a bustling High Street with independent shops, restaurants and cafes.
The town is also the location for Wycliffe College, a private school with boarding facilities. But in keeping with the rest of the Stroud area, residents are never far from stunning scenery.
The Stroud water Canal runs through Stonehouse and the town is also on the doorstep of beautiful Doverow Hill and a lovely cycle trail which runs to Nailsworth.
Property Information The property is Leasehold - 125 year lease beginning January 1st 2015 with 110 years remaining.
Annual services charges of approximately £3240 to include cleaning of the common areas, buildings insurance and external grounds maintenance.
Mains electricity and water are connected, with an electric underfloor heating system. Private drainage system. The council tax band is C.
We have checked the service and reception levels available locally through the ofcom network checker and the broadband services available include standard and superfast connections, and you are likely to have full voice and data mobile service with all main providers.
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.
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