2-bedroom flat · YO18 8BJ
Sold STCReduced £10k (−9.1%) on 4 SepListed 129 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Mill House is an attractive conversion of an original Mill Building, undertaken over 30 years ago to create secure accommodation for the over 55’s.
The property is divided into a number of self-contained apartments specifically designed for the retired, with such facilities as; a lift to all floors, personal assistance alarms within the apartment, on-site laundry facilities and an on-site manager available two afternoons a week.
The day to day running of the building is handled by a management company which is designed to take the worry out of maintaining the building; a charge of £200 pcm is currently applicable.
The block is centrally located within the town, with all amenities only a short walk away.
No 12 can be found on the First Floor of the building and comprises the following: Entrance hall with two fitted storage areas, open plan sitting room through to the dining area and fitted kitchen.
Two bedrooms and house shower room. The property is centrally heated and has double glazed units. Outside there is off street secure parking and private communal gardens.
Pickering is a bustling market town, famous for its castle and steam railway, and located on the southern boundary of the North York Moors National Park and close to the heritage coastline.
The town offers a wide range of amenities, including sport centre, restaurants, public houses and an array of retailers.
Value & comps
No previous sales on record.
Returns
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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 12, Mill House Apartments, Pickering
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