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Development Opportunity with Planning Consent for Mix-used scheme

Yorkshire

£350,000

Listed on 29/05/2026

Property Details

Bedrooms
6
Type
Link Detached House
Area
4582 sqft

Description

An intriguing investment opportunity in Elland, this property offers an approved conversion plan for the historic Barge and Barrel pub into five residential apartments alongside a modern office space. Nestled in a prominent location, the building showcases excellent visibility from the main road while also benefiting from picturesque waterside views at the rear. The existing structure retains numerous period features and boasts high ceilings, setting a strong foundation for both residential and commercial redevelopment efforts. Connected utilities (mains electric, gas, and water) simplify the initial stages of renovation. There is considerable potential to enhance the site with private parking and landscaped communal spaces, creating an attractive living environment in this vibrant area. Early interest indicates promising market demand and potential return on investment. Viewings can be arranged upon request.

Investment Analysis

(HX5 area)

Below Market Value

This property is priced -64.9% below area average per sq ft

-64.9%
Potential saving
This Property
£76/sq ft
Area Average
£218/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,096,244
10% above area average per sq ft
Potential ROI
+82.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (HX5)

Area prices are rising by +19.8% over the last 12 months
3 year growth: +16.0%
5 year growth: +37.4%
Investment Disclaimer: Analysis based on HX5 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

Development Opportunity with Planning Consent for Mix-used scheme
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,249
Based on a loan of £262,500 over 30 years at 3.97% 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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