2-bedroom flat · LS21 1RB
Listing removedListed 321 days
Opportunity summary
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About
Available with no onward chain, a smartly presented, well-planned second storey, two double bedroom apartment with Juliet balcony and handsome views and an allocated parking space located in this popular, established and convenient development on the fringe of Otley centre.
One of the main features of this well-planned and presented second floor apartment are the magnificent views over the town’s rooftops towards Otley Chevin which can be enjoyed from juliet balcony in the living room.
The main living area is 'L' shaped with an open plan feel split into sitting, dining and kitchen areas. The kitchen is modern and includes a range of integrated appliances.
There are also two double bedrooms, one with en-suite plus the house bathroom.
There is ample storage, including access to the loft and the property benefits from mains water, electricity, (including the heating system) and drainage with sealed unit double glazing and an entry phone system.
Chevin Fold forms part of a block of similar apartments and has the benefit of an allocated parking space and communal gardens and is available with no onward chain.
The property is situated to the east of Otley in a very popular location convenient for the town centre.
This historical and thriving, picturesque market town is rich in commercial and community life with a range of shops and facilities.
Excellent local schools, including the highly acclaimed Prince Henrys Grammar School and well regarded All Saints Primary School are situated nearby.
The town is well placed for the nearby towns of Ilkley, Guiseley and Harrogate, with the cities of Leeds and Bradford readily accessible from Menston which has railway links to both cities.
The A1M1 link road is close by at Wetherby and for travel further afield, Leeds/Bradford International Airport is at nearby Yeadon.
Local Authority & Council Tax Band • Leeds City Council • Council Tax Band B Tenure, Services & Parking • Leasehold - 250 year lease from 1st January 2005 • Mains water, electricity (including the heating system) drainage, double glazing and entry phone system.
• Allocated parking space Internet & Mobile Coverage For information on Internet and Mobile coverage access the Ofcom website from this link Flooding For information on flood risks please use this link Check for flooding in England - Agent’s Notes If any issue such as location, communications or condition of the property are of material importance to your decision to view then please discuss these priorities with us before making arrangements to view.
The 2024/25 rent year is a 53 week year instead of 52 - £83.17 per month - Includes building insurance. £250.00 ground rent. 250 year lease from 1st January 2005. No pets.
From Otley town centre travel in an easterly direction along Bondgate (B6451) and follow the road as it bends around to the right into Gay Lane.
Take the first left onto Cambridge Street and follow this road to where the road crosses Albion Street.
Turn left and then right after a short distance where the property will be seen in front of you, part of a block of similar properties.
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 5, Chevin Fold, West Yorkshire
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