Summary - FLAT 2, BANK BUILDINGS, 1A, SKIPTON ROAD BB18 5ND
1 bed 1 bath Apartment
Instant rental income from a well-presented one-bedroom investment ready to earn.
- Freehold upper-floor apartment with tenant in situ
- Projected 8% yield based on current income
- Compact footprint ~379 sq ft; one double bedroom
- Modern conversion (post-2012) with double glazing
- Balcony with town-centre views via patio doors
- Electric boiler and radiators; potentially higher running costs
- Area deprivation and above-average local crime levels
- Very low council tax, supporting tenant affordability
A compact one-bedroom apartment in the converted Bank Buildings, offered as a ready-made investment with a good sitting tenant and a projected 8% yield. The property sits on an upper floor and combines living and kitchen space with patio doors out to a small roof balcony, providing light and a town-centre aspect. The conversion is recent (post-2012) with double glazing and a fitted kitchen with integral appliances.
This freehold flat is small (approximately 379 sq ft) and best suited to investors seeking an immediate rental return rather than owner-occupiers wanting expansive living space. Heating is electric via boiler and radiators; buyers should note ongoing running costs for electric-heated properties can be higher than gas alternatives. Council tax is very cheap, which supports tenant affordability.
The building is centrally located for Barnoldswick amenities and transport links, increasing lettability and demand from constrained renters in the area. Local factors to consider: the wider area is relatively deprived and recorded crime levels are above average, which may affect long-term capital growth and tenant profile. Overall, this is a straightforward turnkey purchase for investors seeking immediate income from a well-presented converted apartment.
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