Summary - Apartment 209 Vm2, Salts Mill Road, SHIPLEY BD17 7DD
1 bed 1 bath Flat
Secure tenant history and strong rental return potential.
Balcony with river views over the River Aire
Achievable rent £780 pcm; proven rental history
Chain free; 2nd-floor flat with lift access
EPC B and double-glazed windows
High flood risk — affects insurance and safety
Very high local crime and area deprivation
Leasehold with 104 years remaining; service charge £2,100 pa
Electric room heaters (higher running costs vs. gas)
This modern one-bedroom apartment at Victoria Mills sits on the second floor with lift access and a balcony overlooking the River Aire. It has a fitted kitchen with integrated appliances, a double bedroom, and a tiled shower room. The building offers onsite amenities including a gym, hot yoga studio and tennis court, plus residents and visitor parking with CCTV.
The property is offered chain free and has a proven rental track record with an achievable rent of £780 pcm (annual £9,360). With the asking price of £81,000 this equates to a strong gross yield of about 11.6%—appealing to investors seeking immediate income. EPC rating B and double glazing help lower running costs, though heating is by electric room heaters.
Material factors to note: the site records a high flood risk and local crime levels are very high; the surrounding area is flagged as very deprived. The flat is leasehold with 104 years remaining and an average service charge of £2,100 per year. These are important for running costs, insurance and mortgageability.
For buyers looking to downsize or add a buy-to-let, this apartment combines riverside views and convenient transport links into Leeds and Bradford with ready-made rental income. It requires no immediate structural work described here, but investors should factor in service charges, electric heating, and flood risk when assessing total returns and insurance costs.
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