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Burton Stone Lane, York, YO30 5 bed 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 rear HMO investment opportunity in a highly sought-after location, just a short walk from York St John's University, York Hospital, and the city center. The property has been approved for a change of use from C3 to C4 and has a current licence for 5 occupants, generating £46,158 in annual income. With a 10% yield, this property offers a fantastic investment opportunity. The tenancy agreement is in place for the academic year, and there is potential to increase the rent by £9,830 per annum by dividing the loft bedroom into two and relocating the bathroom downstairs. The property is located in the Article 4 zone area, where HMOs are limited, making it a highly desirable location for students. With a viewing start date of April 2nd, 2025, interested parties are advised to contact the agents for further details and to schedule a viewing.