1-bedroom flat · LS21 3GY
Sold STCListed 105 days
Opportunity summary
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About
A stylish two bedroom apartment in the heart of Otley with allocated parking. NO CHAIN.
Located in the heart of the ever-popular market town of Otley, this well presented second-floor apartment offers spacious, modern living.
With two double bedrooms, a well proportioned open-plan living space, a spacious bathroom, and an allocated parking space.
The second floor apartment is accessed via a well-maintained communal entrance and opens into a welcoming private hallway with useful utility cupboard, providing plumbing for a washing machine and additional storage.
A particular feature of the apartment is the triple-aspect open-plan living, dining and kitchen area, with natural light from windows to the front and side elevations.
This superb social space offers ample room for relaxing and entertaining, whilst the modern fitted kitchen includes a range of integrated appliances comprising an electric oven, ceramic hob with extractor hood, fridge/freezer and dishwasher, together with a breakfast bar and generous worktop space.
Both bedrooms are comfortable double rooms overlooking the rear of the development.
A stylish modern bathroom completes the accommodation, fitted with a white three-piece suite including a shower over the bath, heated towel rail and tiling. A window opens to the front elevation.
Externally, the property enjoys the benefit of an allocated parking space.
Location Perfectly positioned on Station Road, the apartment is just a short stroll from Otley's excellent range of independent shops, cafés, restaurants and traditional pubs, together with supermarkets, leisure facilities and the picturesque River Wharfe.
Otley combines the charm of a thriving Yorkshire market town with outstanding access to the surrounding countryside, including the nearby Otley Chevin, renowned for its spectacular views, woodland walks and cycling routes.
The town also offers highly regarded schools, including the outstanding Prince Henry's Grammar School, and excellent transport links to Leeds, Harrogate, Bradford and Leeds Bradford Airport.
Additional Information * Leasehold – approximately 131 years remaining (150-year lease from 2007) * Ground Rent: £100 per annum (reviewed every 25 years) * Service Charge: Approximately £1,519 per annum * Electric heating and double glazing throughout * Mains electricity, water and drainage * Council Tax Band C (Leeds City Council) * Ultrafast broadband available (up to 1,000 Mbps, subject to provider) * Very Low risk of flooding from rivers, sea and surface water
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
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FAQ
About Station Road, Otley, LS21
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