>
5 bedroom terraced house for sale
Burton Stone Lane, York, YO30
£459,000
Burton Stone Lane, York, YO30
£459,000
Our Summary
- A REAR HMO INVESTMENT OPPORTUNITY, APPROVED CHANGE OF USE FROM (C3) to (C4), LICENCE FOR 5, GENERATING INCOME OF £46,158/annum, potential earning of £58,986
- Large driveway for 3 cars and availability for 2 extra cars on the street, rear garden, brick shed, EPC C, opportunity for further development subject to planning permission
Description
This is a rare opportunity to acquire a 5-double-bedroom HMO investment property in a highly sought-after area of York, just a short walk from York St John's University, York Hospital, and the city center. The property has been operating as an HMO for several years, with a full capacity every year and tenancy agreements signed a year in advance, generating an annual income of £46,158. With a 10% yield, this property offers a lucrative investment opportunity. The property has potential for further growth, with the possibility of creating a sixth bedroom by dividing the loft space and relocating the bathroom downstairs, potentially increasing the annual rent by £9,830. With a tenancy agreement in place for the upcoming academic year, this property is ready to generate income from the start. Viewings are by appointment only, and interested parties are advised to contact the agent to learn more.