3-bedroom house · ST13 6HX
For saleListed 694 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent development opportunity for the conversion, alteration and extension of the two-storey former warehouse and silk shade to create three, 3 bedroom properties, plus a 2 bedroom detached dwelling in place of the former outbuilding.
The site is located in the centre of town, having provision of off street parking and within walking distance of all amenities.
Once completed the development will incorporate stunning original features such as exposed oak a-frames and vaulted ceilings.
Listed building consent was approved on 06/08/2024, referenceSMD/2021/0854 The accommodation within the three units which are located in the former warehouse and silk shade will comprise of the following layout.
To the ground floor, hallway, three bedrooms and bathroom. To the first floor, open plan kitchen/living area. Externally the properties have garden areas to the rear.
The accommodation within the two bedroom detached dwelling will comprises of a hallway, WC, living/kitchen, utility and plant room to the ground floor.
To the first floor, landing, 2 bedrooms and bathroom. Externally the property will have a garden area to the front.
Unit 1 Internal Floor Area Ground Floor - 47m2 First Floor - 42m2 (Excluding Voids) - Size : - Unit 2 Internal Floor Area Ground Floor - 45m2 First Floor - 40m2 (Excluding Voids) - Size : - Unit 3 Internal Floor Area Ground Floor - 47m2 First Floor - 42m2 (Excluding Voids) - Size : - Unit 4 (Detached Dwelling) Internal Floor Area Ground Floor - 35m2 First Floor - 35m2 - Size : - Aml Regulations We are required by law to conduct anti-money laundering checks on all those buying a property.
Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Movebutler.
You will receive a link via email from Movebutler once you have had an offer accepted on a property you wish to buy. The cost of these checks is £30 (incl.
VAT) per buyer, which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required.
This fee will need to be paid by you in advance, ahead of us issuing a memorandum of sale, directly to Movebutler, and is non-refundable.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About Warehouse 2-4, Silk Street, Leek
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