Standout Features
- Large 4-bedroom end terrace
- Investment opportunity offering yield of more than 8%
- Estimated rental income of approx £32,400
- Could be converted into a lovely family home
- Short walk from York city centre
- On street parking with residents permit
- Council Tax band B
- EPC 62-D
Property Description
This large end of terrace property has until very recently been run as a four-bedroom House in Multiple Occupation, we understand the license has recently lapsed and would need to be renewed subject to normal consents and procedures. Should the property be relicensed as an HMO, we estimate that with some cosmetic improvement the property would provide a gross income of approximately £32,400 pa, which is a yield in excess of 8%.
Buyers also have the option of converting this property back to a family home which would offer three double bedrooms and two ground floor reception rooms.
The property consists of entrance hall, a reception room that is currently used as a bedroom, a second ground floor reception room and a galley kitchen which leads to a utility room and ground floor WC.
On the first floor there is a family bathroom with shower over bath and three further double bedrooms, two at the front of the property and one to the rear aspect. The property is available with vacant possession and no onward chain.
Buyers also have the option of converting this property back to a family home which would offer three double bedrooms and two ground floor reception rooms.
The property consists of entrance hall, a reception room that is currently used as a bedroom, a second ground floor reception room and a galley kitchen which leads to a utility room and ground floor WC.
On the first floor there is a family bathroom with shower over bath and three further double bedrooms, two at the front of the property and one to the rear aspect. The property is available with vacant possession and no onward chain.
Material Information
- Tenure: Freehold
- Council Tax Band: B
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Cemetery Road, York
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