Neville Terrace, York
£400,000
4 Bedroom House - Mid Terrace
- HMO Property Let for 2027
- Four Bedrooms
- Attractive Gross Yield of Approximately 9.9%
- Well Presented Throughout
- South Facing Courtyard
- Gross Rental Income Of Approximately £39,520 PA
- EPC E
Situated on Neville Terrace, within a sought after area for student accommodation, this extended four bedroom period townhouse presents an excellent investment opportunity. Positioned between Huntington Road and Haxby Road, the property is conveniently located for the city centre, York St John University, local amenities and transport links.
The property has operated successfully as a rental investment for several years and is offered for sale as a going concern, with no onward chain. It is currently let through 2 Let Agency until 2027.
The accommodation begins with an entrance hallway leading to a ground floor double bedroom with a bay window. To the rear is a spacious communal living room and a fitted kitchen, which provides access to the south facing courtyard garden.
To the first floor are two further double bedrooms, both retaining their original chimney breasts, together with a three piece bathroom. The property has been thoughtfully extended into the roof space, where stairs rise to a fourth bedroom featuring Velux windows and a dormer window, creating a bright and well proportioned room.
The property generates an annual gross rental income of approximately £39,520, inclusive of bills. Current annual bills are approximately £2,938. Based on an asking price of £400,000, this represents an attractive gross yield of approximately 9.9%.
The vendor has applied for a Certificate of Lawfulness in respect of the property’s established use.
Council Tax Band B.
ANTI-MONEY LAUNDERING COMPLIANCE
We are legally required to conduct Anti Money Laundering checks on all purchasers, sellers, and giftors. These checks become mandatory when a seller accepts a purchaser's offer on a property. Anti-Money Laundering checks are valid for 6 months from the date they are completed. If your purchase does not proceed and you make an offer on another property more than 6 months later, or if your checks are more than 6 months old when making a new offer, you will need to complete and pay for new checks. We use a partner supplier MoveButler, to carry out these checks on our behalf. They will contact you directly once your offer has been accepted (subject to contract) to complete the electronic verification process securely. There is a non-refundable charge of £30 + VAT per purchaser and per giftor for these checks.. This fee must be paid before we can issue a memorandum of sale to solicitors and is non-refundable under any circumstances. Ashtons receive a portion of this fee from MoveButler as compensation for facilitating these checks and our administrative role in the compliance process.
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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