14 bedroom block of apartments for sale

The Grove, Marine Villa Road, Knottingley, WF11 8ESGuide Price: £875,000Tenure: Leasehold (approx. 20 years remaining)To be sold by public auctionBig building. Big potential.Welcome to The Grove, a substantial detached property already converted into 14 self-contained one-bedroom flats. Most of the hard work has been done, with kitchens and bathrooms already fitted throughout. Only some external and basement works remain before the development is ready to go.The property sits on a generous plot with a large open space at the front providing ample parking for residents and visitors. This is a brilliant opportunity for investors or developers looking for a high-yielding block with clear scope to add value.Why this property stands out• 14 self-contained one-bedroom apartments• Kitchens and bathrooms already installed• Large front plot with ample parking• Strong rental and resale potential• Potential gross income around £80,000 per year• Flats in this area typically sell between £65,000 and £75,000 each once completed• Great access to A1(M) and M62 for Leeds, Wakefield and York• Approx. 20-year leasehold term• Guide Price £875,000The numbers• Smaller one-beds approx. £475 pcm• Standard one-beds approx. £500 pcm• Larger one-beds approx. £550 pcm• Estimated total income around £83,000 per year• Gross yield at guide approximately 9–10%Resale potential once fully completed• £65,000 each = £910,000 total• £70,000 each = £980,000 total• £75,000 each = £1,050,000 totalLocationLocated on Marine Villa Road, close to Knottingley town centre with shops, cafés and everyday amenities nearby. Knottingley Train Station provides direct links to Leeds and Wakefield, and both the A1(M) and M62 are only a few minutes away, making this a great commuter location with consistent rental demand.Please note: The floorplan is provided for guidance only — the internal layout may differ from the current arrangement.