The Crescent, Heslington, York
Offers Over £650,000
7 Bedroom House - Semi-Detached
- Established Student Investment
- Seven Bedrooms In Total
- Six Bedroom House & One Bedroom Apartment
- Combined Gross Income Of £75,698 Per Annum
- Driveway Parking for Multiple Vehicles
- South East Facing Rear Garden
- Let To University Of York Students
- EPC C
An excellent opportunity to acquire an established student investment comprising a six bedroom HMO and a separate self contained one bedroom apartment. Ideally positioned beside the University of York and within walking distance of Heslington village, the properties generate a combined gross rental income of approximately £75,698 per annum.
23 The Crescent is currently let to six University of York students at £202 per person per week, producing a gross annual income of approximately £63,184. The rent includes gas, electricity, water and broadband, subject to a fair usage policy, while the landlord maintains the gardens. A television licence is not included.
The accommodation is entered through a main entrance hallway with a ground floor WC. To the rear is a spacious open plan living, dining and kitchen area, providing an excellent communal space with access to the garden. A generous double bedroom is positioned at the front of the ground floor.
To the first floor are five further double bedrooms, each measuring more than 6.51 square metres, together with two shower rooms.
23A The Crescent is a separately accessed, self contained one bedroom ground floor apartment. It was professionally subdivided from the main house with planning permission and Building Regulations approval. The accommodation comprises a large double bedroom, kitchen and dining room, and a modern shower room.
The apartment is currently let to one University of York student at £240 per week, generating a gross annual income of approximately £12,514. The rent includes gas, electricity, water and broadband, subject to a fair usage policy, with garden maintenance also provided by the landlord. A television licence is not included.
Externally, the property benefits from a driveway providing off street parking for multiple vehicles. To the rear is a generous south east facing garden, providing valuable outside space for occupants.
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.
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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