2-bedroom flat · LS29 0SY
Listing removedListed 278 days
Opportunity summary
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About
Located in the highly desirable historic development of Low Mill, this stunning penthouse apartment enjoys a semi-rural location yet within pleasant walking distance of Addingham Village.
The property features well designed open plan living, and a most impressive terrace providing stunning long-distance views and ample space for outside entertaining, two allocated parking spaces and use of a communal meadow.
This is a rare opportunity to purchase one of only five penthouse apartments providing exceptional accommodation that must be viewed to be fully appreciated with stunning long distance views from the large westerly facing terrace.
The accommodation in brief includes two communal entrance halls - one providing a lift and staircase, the other providing staircase only access.
Upon reaching the upper floor - which can only be accessed by the penthouse apartments – there is an open walkway providing access to the property, with views across Ilkley moor.
On entering the home there is a private entrance hallway with useful store cupboard, a separate utility cupboard with plumbing for a washer dryer, two double bedrooms with the primary having luxury en-suite facilities, a modern fitted house bathroom and a fantastic open plan living dining kitchen area that could be arranged to suit one’s personal requirements.
Double sliding doors open to a particularly generous terrace with incredible semi-rural views and ample space for various seating and planted areas.
To the outside of the property are two allocated parking spaces and the property also has the use of a communal bike store and communal meadow.
Historic Low Mill Village enjoys an exceptional setting on the banks of the River Wharfe within Green Belt countryside between the town of Ilkley and the village of Addingham, with the Dales Way long distance footpath passing through the village.
Nearby Addingham provides a useful range of shops, doctors' surgery, a primary school and general amenities, whilst the town of Ilkley has a wider range of shops, restaurants, supermarkets, sports facilities and a railway station from where there are regular commuter rail services to Leeds and Bradford city centres.
Agent's Notes The lease stipulates that the property must be used as a private residential flat only. Keeping of pets requires the written consent of the landlord and can be withdrawn at any time.
Tenure Leasehold Terms: 125 years from 1 January 2005 Ground Rent: £285 per annum. Reviewed 5 yearly Service Charge: £1200 per annum.
Reviewed annually Buildings Insurance: £600 per annum Maintenance of Communal Meadow: £150 per annum Local Authority & Coucil Tax Band The City of Bradford Metropolitan District Council, Council Tax Band D Services Mains services installed with electric wall mounted heaters and underfloor heating in the bathrooms.
There is no gas connection to the property Parking Two allocated car parking spaces Restrictions associated with the property are contained in the lease.
Leaving Ilkley on the A65 after the Victoria Avenue traffic lights, continue along the road and turn first right into Ilkley Old Road.
Follow the road along for a little while and then turn first right into Old Lane. Continue up Old Lane and bear left into Mill Fold where Low Mill will be found.
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 Apartment 35, Low Mill, 2, Mill Fold, Ilkley
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