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4 bed property, in 13 Park Row, £350,000
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4 bed house

13 Park Row, Knaresborough HG5
£350,000

Our Summary

  • Investment Opportunity
  • *Virtual Tour* Investment Opportunity - Freehold Block of Two Residential Apartments with Strong Income Potential in Central Knaresborough An increasingly rare opportunity to acquire the freehold interest in a pair of well-proportioned two-bedroom apartments, positioned within the heart of Knaresborough town centre and benefitting from private parking for up to four vehicles
  • From an investment perspective, the property offers multiple strategic advantages including: Freehold ownership with control over the entire asset Dual income stream potential across two self-contained residential units Estimated gross annual rental income of £22,800 at full occupancy Private parking provision, an increasingly valuable amenity supporting tenant demand Prime town centre location, underpinning long-term rental resilience and capital growth prospects Asset management and value-add potential, including reconfiguration or conversion back to a substantial single dwelling, subject to the necessary consents The combination of location, rental demand and future flexibility makes this an appealing addition to an investor portfolio, suitable for buy-to-let investors, long-term income strategies or purchasers seeking redevelopment potential

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Description

The property is a freehold block of two residential apartments located in central Knaresborough town centre, offering private parking for up to four vehicles. The two self-contained apartments, Flat 1 on the ground floor and Flat 2 on the first floor, offer spacious accommodations with two double bedrooms, fitted kitchens, house bathrooms, and private enclosed outdoor areas. Flat 1 features a bright lounge and an enclosed outdoor area, while Flat 2 has a dual-aspect lounge, a separate W/C, and two double bedrooms.

The apartments are accessed through a communal courtyard and have a total estimated gross annual rental income of £22,800 when fully occupied.