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Gilstead Lane, Bingley, West Yorkshire, BD16 - Image 1
Gilstead Lane, Bingley, West Yorkshire, BD16 - Image 2
Gilstead Lane, Bingley, West Yorkshire, BD16 - Image 3
Gilstead Lane, Bingley, West Yorkshire, BD16 - Image 4
Gilstead Lane, Bingley, West Yorkshire, BD16 - Image 5

Gilstead Lane, Bingley, West Yorkshire, BD16

Yorkshire

£750,000
Listed on 01/04/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
2777 sqft

Description

Nestled in the tranquil village of Gilstead, this unique development plot presents an exceptional opportunity for investors and developers alike. With full planning permission already secured for the construction of two substantial stone-built homes, as well as the potential for a third property pending additional approval, this site is primed for a lucrative residential project in one of West Yorkshire's most esteemed locations. The approved plans highlight a focus on spacious family living, with Plot 1 designated as a four-bedroom, four-bathroom detached home, and Plot 2 designed as a five-bedroom, three-bathroom property. Each residence will include double timber frame carports and features south-facing rear gardens that overlook picturesque paddocks bordered by mature trees. This serene backdrop not only enhances the aesthetic appeal but also adds value to the homes being developed. Beyond the immediate advantages of these primary properties, there is additional investment potential with the proposal for Plot 3—a two- or three-bedroom gatehouse subject to further planning. This added option allows for creativity in design and layout, catering to various buyer needs in this desirable area. Situated just a mile from Bingley’s amenities—which offer robust shopping, dining, and recreational options—Gilstead Lane strikes an ideal balance between countryside serenity and urban convenience. The local educational landscape includes respected institutions in Eldwick and Bingley, along with easy access to Bradford Grammar School via road and rail. For outdoor enthusiasts, scenic footpaths lead from the end of Gilstead Lane directly to Shipley Glen and Baildon Moors, providing endless opportunities for nature walks. Transport links are highly favorable; Bingley Station offers direct services to Leeds (with onward connections to London), Bradford, and Skipton. Additionally, Leeds Bradford Airport is approximately seven miles away. The renowned World Heritage site of Saltaire is conveniently close by and can be reached with a short train journey. With its blend of tranquil environment and accessibility to urban areas and amenities, this property not only represents an appealing development prospect but also aligns with current market trends favoring high-quality residential projects in sought-after locations.

Investment Analysis

(BD16 area)

Above Market Value

This property is priced +12.3% above area average per sq ft

+12.3%
This Property
£270/sq ft
Area Average
£240/sq ft
Avg Rent (weekly)
£180
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£700,000 - £1,000,000
Target Value
£734,503
10% above area average per sq ft
Potential ROI
-58.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (BD16)

Area prices are rising by +4.1% over the last 12 months
3 year growth: 2.6%
5 year growth: 9.3%
Investment Disclaimer: Analysis based on BD16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Gilstead Lane, Bingley, West Yorkshire, BD16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,747
Based on a loan of £562,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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