2-bedroom house · LS21 1BZ
Listing removedListed 252 days
Opportunity summary
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About
Accommodation comprises: This stone-built mid-terrace property is located on Albion Street and offers accommodation arranged over four floors, including a useful basement level, currently used as a music room.
There is a double bedroom on the first floor and also a double attic room. The ground floor comprises a front living room of good proportions.
The living room benefits from a log burner, a stripped wooden floor, a picture rail, coving, built-in shelving in the alcove, and a window to the front elevation.
This lovely home has a dining kitchen to the rear with wall and base units, an integrated oven with a gas hob and electric oven, and plumbing for a dishwasher.
The kitchen provides space for a dining table and benefits from a practical layout, suitable for everyday use and entertaining. There is a window to the rear and a door to the garden.
To the lower ground floor are two cellar rooms, offering valuable additional space. The main cellar area is currently used as a music room and also provides useful storage.
The first floor features a generous double bedroom positioned to the front of the property.
This bedroom features full-length wardrobes and a fitted wooden cabinet with shelves and cupboards, and a window to the front. There is a spacious and bright bathroom with two windows to the rear.
The bathroom also incorporates a utility area with plumbing for a washing machine. There is a bath with a shower and screen, a vanity unit and W.C.
Stairs lead to the second floor, with a built-in cupboard providing useful storage. There is a further double bedroom with two skylight windows and a stripped wooden floor.
Outside There is a well-proportioned, low-maintenance east-facing garden to the rear. This is the perfect spot for relaxing and entertaining. A garden outhouse is currently used as office space.
Notes With double glazing and gas central heating. EPC E. Council tax B: £1,680.69 p.a. The boiler was fitted in 2021. The cellar was converted in 2020.
Location Otley is a thriving community and hosts a regular farmers' market. There is a range of supermarkets, independent shops and local amenities.
There is also a wide selection of pubs and restaurants and friendly cafes. Schools cater for all ages in the local area, including the highly regarded Prince Henry's Grammar School.
Otley has many sporting clubs, including a rugby club, bowls, cricket club, and football club. Otley is also a hub for cyclists of all abilities and the bike races draw large crowds.
There is a vibrant live music scene, popular with both locals and visitors to the town.
The riverside park area by the Wharfe is perfect for relaxing, with a children's play area, tennis courts, skateboard park, café, and boats available to hire in good weather.
The Chevin is popular with walkers, horse riders, and dog owners. The views from the top are stunning.
Also within easy reach are the popular towns of Ilkley and Harrogate and Leeds Bradford airport is only a couple of miles away.
This property will appeal to buyers seeking a traditional stone terrace with well-balanced accommodation and the added benefit of basement space, in a popular Otley location
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
Agent & docs
FAQ
About 53, Albion Street, Otley
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