Summary - Apartment 316 The Velvet Mill, Lilycroft Road BD9 5BN
1 bed 1 bath Flat
Compact historic mill flat with strong rental yield potential and parking.
Third-floor one-bedroom loft-style apartment, 636 sq ft
A third-floor one-bedroom apartment in the converted Velvet Mill, marketed as a buy-to-let ready for auction. The property occupies 636 sq ft in an attractive historic mill conversion with high ceilings, arched timber-framed double-glazed windows and engineered wood floors, giving strong period character and elevated city views. An allocated undercroft parking space and an EPC rating of B support tenant appeal.
Offered vacant and with a long lease (approximately 128 years remaining), the apartment is presented as a compact luxury loft-style home with an open-plan living/kitchen, double bedroom with fitted wardrobes, and a modern bathroom. Heating is electric storage radiators and the home is all-electric — a straightforward setup for investment but with potentially higher running costs for tenants compared with gas.
Important risk factors are the auction sale method and the location context: the area is classified as very deprived with high local crime levels, which will affect lettability, insurance and wider demand. The property is leasehold and will be sold at auction on 6 November 2025 — prospective buyers should undertake full due diligence, check service charges and confirm any communal maintenance liabilities before bidding.
This unit suits investors seeking a city-centre period conversion with clear rental yield potential (advertised circa 13% gross on guide price). It offers immediate re-letting potential but buyer caution is advised because of the neighbourhood profile and electric-only heating.
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