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Silk Street, Leek, Staffordshire ST13 6HX - Image 1
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Silk Street, Leek, Staffordshire ST13 6HX

West Midlands

£250,000

Listed on 27/11/2024

Property details

Bedrooms
N/A
Type
House

Features

  • Garden
  • Parking

Description

This property presents a promising opportunity for transformation, featuring a two-storey former warehouse and silk shade primed for conversion and enhancement. Plans are in place to create three 3-bedroom residences along with a separate 2-bedroom detached home, which will replace an existing outbuilding. Situated in the heart of town, this site benefits from convenient access to local amenities and includes off-street parking. The surrounding area is well-connected, making it ideal for future tenants or buyers seeking urban living. The proposed development aims to retain striking original features such as exposed oak A-frames and vaulted ceilings, adding character and charm to the finished units. Each of the three residential units will include a ground floor with a hallway, three bedrooms, and a bathroom, while the first floor will feature an open-plan kitchen and living space. To complement these homes, each unit will also have dedicated garden areas at the rear. The detached dwelling will offer its own thoughtful layout: on the ground floor, it will encompass a hallway, a WC, living/kitchen space, utility room, and plant room. Upstairs, there will be two bedrooms accompanied by a bathroom; this unit will have an attractive garden area at the front. With listed building consent already approved (reference SMD/2021/0854) as of August 6th, 2024, this project is well-positioned for those looking to invest in property development while preserving historical elements. In terms of internal dimensions: - Unit 1: Ground Floor - 47m²; First Floor - 42m² (excluding voids) - Unit 2: Ground Floor - 45m²; First Floor - 40m² (excluding voids) - Unit 3: Ground Floor - 47m²; First Floor - 42m² (excluding voids) - Detached Dwelling: Ground Floor - 35m²; First Floor - 35m² The potential for renovation and investment here is significant, offering both immediate returns through rental opportunities and long-term value appreciation in a central location.

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Location

Silk Street, Leek, Staffordshire ST13 6HX
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Mortgage calculator

£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£944
Based on a loan of £187,500 over 30 years at 4.45% 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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