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See how verdicts work2-bedroom flat · YO25 6SP
Listing removedListed 124 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market chain free, this well-presented two-bedroom first-floor apartment forms part of the highly regarded Old Maltings development, a distinctive conversion of one of Driffield's most recognisable historic buildings.
Combining characterful surroundings with modern convenience, the property represents an ideal purchase for first-time buyers, investors, or those seeking a low-maintenance home within easy reach of the town centre.
Extending to approximately 564 sq ft (52.37 sq m), the accommodation is thoughtfully arranged and benefits from the added convenience of a passenger lift serving all floors, making the apartment accessible to a wide range of purchasers.
The property is entered via a communal entrance hall and comprises a private hallway leading through to a spacious open-plan living, dining and kitchen area.
This bright and versatile room provides ample space for both lounge and dining furniture, whilst the fitted kitchen offers a range of wall and base units together with an integrated oven, hob and extractor hood.
There are two bedrooms, including a generous principal, the second bedroom offers flexibility and could equally serve as a guest room, home office or dressing room.
Completing the accommodation is a bathroom fitted with a three-piece suite incorporating a bath with electric shower over.
Externally, residents benefit from well-maintained communal areas together with an allocated parking space.
Situated within walking distance of Driffield town centre, the railway station and a range of local amenities, this affordable apartment offers an excellent opportunity to acquire a home within one of the town's most distinctive developments.
Location The Old Maltings occupies a convenient position on the edge of Driffield town centre, allowing residents to enjoy easy access to a wide range of amenities whilst benefiting from the character and charm of one of the town's most distinctive historic conversions.
Often referred to as the "Capital of the Wolds", Driffield offers an excellent selection of independent shops, supermarkets, cafés, restaurants, public houses and leisure facilities.
The town also benefits from a railway station providing direct connections to Hull, Beverley, Bridlington and beyond, making it a practical choice for both commuters and those wishing to explore the Yorkshire coast and countryside.
The surrounding Yorkshire Wolds provide miles of picturesque walking and cycling routes, whilst the popular coastal resorts of Bridlington, Filey and Scarborough are all within comfortable driving distance.
Combining convenience, character and accessibility, The Old Maltings remains one of Driffield's most recognisable residential developments and continues to prove popular with both owner-occupiers and investors alike.
Accommodation Entrance Hallway Open Plan Living Dining Kitchen 10'0" x 21'5" (3.07m x 6.55m) Bedroom One 7'10" x 13'9" (2.39m x 4.20m) Bedroom Two 8'3" x 17'4" (2.53m x 5.31m) Bathroom 6'0" x 7'4" (1.85m x 2.25m) EPC B Tenure Tenure is to be confirmed by the vendors solicitors however it is understood to be Leasehold.
Leasehold Information The property is leasehold and is subject to a ground rent of approximately £309.08 per annum.
Service charge information is awaited and will be confirmed by the seller's solicitor during the conveyancing process. Council Tax Tax band A and is payable to the East Riding of Yorkshire Council.
Floorplan This Floor Plan including furniture, fixture measurements and dimensions are approximate and for illustrative purposes only.
Hughes & Co gives no guarantee, warranty, or representation as to the accuracy and layout. All enquiries must be directed to the agent, vendor or party representing this floor plan.
Money Laundering Regulations Prior to a sale being agreed, prospective purchasers will be required to provide identification documentation in order to comply with Money Laundering Regulations.
Please note, a charge of £50 per person is payable to cover the cost of undertaking these identification and anti-money laundering (AML) checks.
Your co-operation with this process is appreciated and will assist with the smooth progression of the sale.
Disclaimer These particulars are produced in good faith, are set out as a general guide only and do not constitute, nor constitute any part of an offer or a contract.
None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.
Any intending purchaser should satisfy him/herself by inspection of the property or otherwise as to the correctness of each of the statements prior to making an offer.
No person in the employment of Hughes & Co has any authority to make or give any representation or warranty whatsoever in relation to this property.
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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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 advisers 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
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FAQ
About The Old Maltings, Skerne Road, Driffield, East Riding Of Yorkshire
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