2-bedroom flat · LS21 1AE
Listing removedListed 286 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exceptional two bedroom Georgian Grade ll listed apartment located in the heart of Otley. This spacious first floor apartment is tasteful and stylishly decorated throughout.
The entrance hall is a good size and provides an area for hanging coats, there are two double bedrooms and a modern shower room, the master bedroom features built cupboards and a beautiful decorative fireplace .
The open plan living space provides the owner with a sociable space for entertaining family and friends and as the property is south facing it has an abundance of natural light.
The vendor has upgraded the heating system throughout with WiFi controlled oil filled heaters.
Currently operating as a successful Airbnb, this property is an excellent investment opportunity or a fantastic place to call home.
Outside, there is a communal yard to the rear with a bike and bin store.
Otley is a thriving market town in the Wharfe Valley offering a wide range of amenities, shops, supermarkets and traditional pubs.
The town centre bus station has regular bus services to Leeds, Bradford and Harrogate, and in addition, there is a railway station at nearby Menston offering mainline links.
For those travelling further afield, Leeds/Bradford International Airport is in nearby Yeadon. Directions From our Hunters Otley offices on Kirkgate, follow the road around the corner onto Bondgate.
Turn left at the Rose & Crown onto Crossgate. Proceed past the bus station to the traffic lights.
The property can be found on the corner of Boroughgate and Wesley Street, with the entrance on Boroughgate. Agents Notes Tenure: Leasehold.
We have been informed by our client that the apartment is held on a 999 year lease from 1st January 2022.
The service charge is £64.41PM Council Tax Band C, Leeds City Council Additional Services If you are thinking of selling or letting your home, please contact our office for more information.
Hunters is the fastest growing independent estate agency in the country, with more than 200 branches nationwide.
We can put you in touch with a local independent financial advisor, who can offer the latest mortgage products, tailored to your individual requirements.
Anti Money Laundering Checks And Offer Acceptance We are required by hmrc to undertake Anti Money Laundering checks on all prospective buyers once a price and terms have been agreed.
The cost payable by the successful buyer for this is £30 (inclusive of VAT) per named buyer. To confirm, these checks are carried out through Landmark Information Group.
We are also required to obtain identification from all prospective buyers, and we will ask to see proof of funding.
Please note that the property will not be marked as Sold Subject To Contract until the checks have been satisfactorily completed so therefore buyers are asked for their co-operation in order that there is no delay.
Disclamer These particulars are intended to give a fair and reliable description of the property but no responsibility for any inaccuracy or error can be accepted and do not constitute an offer or contract.
We have not tested any services or appliances (including central heating if fitted) referred to in these particulars and the purchasers are advised to satisfy themselves as to the working order and condition.
If a property is unoccupied at any time there may be reconnection charges for any switched off/disconnected or drained services or appliances - All measurements are approximate.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Flat 2, 38, Boroughgate, Otley
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