Affordable buy-to-let or first step on the ladder near stations and town centre.
Vacant one-bedroom apartment, chain-free and EWS1 compliant
Allocated parking space in secure multi-storey car park
Large communal gardens and riverside development setting
Compact footprint ~432 sq ft; limited internal storage likely
High flood risk for the area — consider insurance implications
Local crime levels very high; area classed as very deprived
Electric room heaters only; no communal gas central heating
Service charge ~£173.75 pcm; ground rent ~£206.83 pa
This compact one-bedroom apartment in the Victoria Mills complex offers an affordable entry into Shipley’s riverside market. Vacant and chain-free, the flat is EWS1 compliant and sold with an allocated parking space in a secure multi-storey car park, plus access to well-maintained communal gardens.
At about 432 sq ft (40 sqm), the layout is efficient: open-plan lounge/kitchen with integrated appliances, a bedroom and a shower room. The apartment is best suited to a single buyer, couple or buy-to-let investor seeking a low-price, low-effort purchase; expected rental demand benefits from close walking distance to local train stations and town centre amenities.
Buyers should note material considerations: the property sits in a high flood-risk area and the local crime level and area deprivation are reported as very high/very deprived. Heating is by electric room heaters (no communal gas) and the internal footprint is small with likely limited storage. Ongoing costs include a service charge of about £173.75 pcm and ground rent £206.83 pa; 105 years remain on the lease.
At a guide price of £50,000 this apartment represents a low-cost purchase with clear pros and cons. It will particularly suit someone prioritising location and immediate availability over internal space and who accepts the environmental and local-area challenges described.
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