2-bedroom flat · BD11 1DB
Listing removedListed 477 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Offered for sale with no onward chain is this very well presented apartment.
The property briefly comprises of a spacious entrance hall, lounge with French doors and a Juliet balcony, kitchen, two double bedrooms and a modern shower room.
Situated in this popular over 55's development close to local amenities, public transport and the nearby motorway links.
The apartment block is very well maintained and has a lift and an off street parking area.
A share of 25% is for sale by the current owners and further shares of 25% increments can be purchased after completion. An internal viewing is advised to fully appreciate.
Council Tax Band: B (Leeds City Council) Tenure: Leasehold (78 years) Service Charge: £144.14 per month Shared Ownership: 25% being sold, £424.64 per month rental payments Notes for interested parties- Purchasers and occupiers must be over the age of 55 and this must be their only property upon completion.
Communal Entrance A well maintained communal entrance with stairs and a lift. Entrance Hall A spacious entrance hall with two windows allowing plenty of natural light and a useful storage cupboard.
Lounge 14'6'' x 9'7'' Having a fireplace incorporating a living flame effect electric fire, French doors and a Juliet balcony.
Kitchen 9'7'' x 5'3'' A good range of base and wall mounted units, work surfaces with tiled surrounds, one and a half bowl stainless steel sink unit, built in electric oven, four ring ceramic hob, chimney style extractor hood and plumbing for an automatic washing machine.
Bedroom One 13'2'' x 9'8'' A double room with a fitted wardrobe. Bedroom Two 10'9'' x 9'4'' A further double bedroom with fitted wardrobes.
Bathroom A modern suite comprising of a walk in shower, pedestal wash hand basin and low flush w.c. Complimented with full tiling to the walls.
External Communal gardens and a parking area providing off street parking. Note Purchasers and occupiers must be over the age of 55 and this must be their only property upon completion.
Lease length left: 78 years Monthly Maintenance charge: £144.14 Monthly rent charge: £424.64 (This would reduce if further shares were purchased)
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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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.
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FAQ
About Flat 15 Gomersall House, Drighlington
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