Heslington Road, York
Offers Over £500,000
6 Bedroom House - Terraced
- HMO Property
- Six Bedrooms With HMO Licence
- New Annual Income Approximately £51,480
- Vendor Applied For Certificate Lawfulness
- Tenants Pay Own Bills
- Let For 2026 -2027
- EPC D
Located in one of York's most sought after investment locations, within easy reach of the University of York, York city centre and an excellent range of local amenities, this substantial six bedroom period terrace presents an excellent opportunity to acquire a fully let HMO investment with an established income stream.
Owned by the current vendor for approximately 20 years, the property has been well maintained and has operated successfully as a House in Multiple Occupation. Originally configured as a five bedroom home with two reception rooms, the ground floor front reception room is now utilised as a sixth bedroom, maximising the property's rental potential without the need for major structural alterations.
The accommodation briefly comprises an entrance hall, a ground floor bedroom, communal living room, fitted kitchen and bathroom facilities, with five further well proportioned bedrooms arranged over the upper floors. The property is presented in good order throughout, allowing a purchaser to continue the existing investment with minimal immediate expenditure.
Offered for sale with tenants in situ, the current tenancy commenced on 4th July 2026, with each of the six bedrooms achieving £165 per week, producing a gross annual rental income of approximately £51,480. At the asking price of £500,000, this equates to a net yield of approximately 10.3%. Tenants are responsible for paying their own utility bills and the property has been successfully self managed by the current owner throughout their ownership.
The vendor has submitted an application for a Certificate of Lawfulness in respect of the property's established use, with further details available on request.
Externally, there is an enclosed rear courtyard providing low maintenance outdoor space. On street permit parking is available within the area, although the property does not benefit from private parking.
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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