1-bedroom flat · LS21 1FQ
Listing removedReduced £10k (−5.1%) on 20 JunListed 253 days
Opportunity summary
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About
A desirable ground floor retirement apartment for the over 65’s benefitting from nearby riverside walks and communal amenities, offering the opportunity to embrace a fulfilling and active lifestyle in a welcoming environment and supportive community.
A most attractively presented purpose built ground floor retirement apartment set in this delightful complex for the over 65’s boasting nearby lovely riverside walks, benefitting from many communal amenities including pleasant gardens, laundry room, an elegant lounge and guest suite for friends and family to use at a nominal cost.
The apartment has an electric thermostatic controlled heating system, and the windows are UPVC sealed double glazed.
The entrance to Adlington house is by way of a secure locked outer door with video entry system to the apartments and the office is directly opposite the entrance. The private entrance hall to No.
7 is of a good size with a video entry system and a walk-in utility/store cupboard with plumbing for a washing machine and space for a tumble dryer.
The open plan sitting room and kitchen offers lovely living space having an electric coal-effect fire with decorative surround and French doors out to the private patio with access to the communal carpark beyond.
The kitchen area has fitted wall and base units, integrated oven/hob, microwave, slimline dishwasher and fridge freezer. The bedroom is a good-sized double with built in wardrobe.
The shower/wet room is well designed with tiled walls and large walk-in shower.
Agents Note – Refurbishment of the communal areas including the homeowners’ lounge, restaurant, coffee area, hair salon and therapy suites is currently being undertaken as part of the high standard of upkeep, these areas are periodically refreshed so access is temporarily restricted as explained below.
Otley – The historic and thriving market town centre offers extensive shopping facilities with great pubs, independent restaurants, cafes and bars.
There are superb sports and recreational facilities, scenic walks can be enjoyed in the parks, along the picturesque River Wharfe and the views from the top of The Chevin Forest Park are simply breath-taking.
Waitrose, Asda and Sainsbury’s supermarkets are based in Otley. The town is strategically located for daily commuting into Yorkshire's key commercial centres including Leeds, Bradford and Harrogate.
The national A1/M1/M62 motorway network near to Wetherby makes areas further afield more accessible by road.
The town's central bus station has synchronised hopper links to Menston's train station nearby with rail links to Leeds, Bradford and beyond.
There is the Leeds/Bradford International Airport at Yeadon.
Adlington House Facilities include: •Elegant Table Service Restaurant •Beautifully Appointed Lounge & Outdoor Patios •Activities & Craft Room •Spa Suite •Hairdressing Salon •Internal Mobility Scooter Store with Electric Charging Facilities •Fully Furnished Guest Suite with En Suite, TV and Tea/Coffee Making Facilities •Lifts To All Floors •Private Residents Parking and Landscaped Gardens Tenure – Leasehold 125 years from 1st January 2016.
Monthly Service charge £840 per month (2026/27) providing services: •Communal cleaning and maintenance •External window cleaning, water and sewage •Buildings insurance and estate management In addition, each apartment contributes to the wellbeing fund with current charges on this apartment being £937.44 per month (2026/27) which is to enable ams to have someone on duty 24 hours every day in case of emergency, working in tandem with a discreet emergency call system installed in each apartment and includes the provision of a daily restaurant service which allows homeowners to enjoy a delicious a la carte three course meal at a nominal cost of approximately £6.50 per person.
In addition, the apartments pay a ground rent charge based on the number of bedrooms, with this apartment currently paying £1,338.64 per annum (2026/27).
Upon resale, the apartment owners are required to contribute 0.5% of the market value for each year of ownership to the contingency fund. The ongoing charges are reviewed on an annual basis.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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About Apartment 7, Adlington House, Otley
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