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8 bed property, in Bootham Crescent, £750,000
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8 bed terraced house

Bootham Crescent, York YO30
Planning
£750,000

Our Summary

  • HMO Planning for 7 Letting Rooms Subject to Alterations
  • A substantial former guest house occupying a prominent position on Bootham Crescent, offering an outstanding investment opportunity as an established HMO asset in one of York’s most consistently in demand rental locations
  • Planning permission has been granted for change of use from a bed and breakfast to a small HMO, currently configured as six bedrooms
  • A further approved application allows extension to a seven bedroom HMO subject to a minor bathroom alteration, with clear potential to increase to an eight bedroom HMO subject to the necessary planning consent and internal adjustments
  • The property is well suited to continued HMO operation and offers scope for income enhancement through the approved and potential additional bedroom configurations

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Description

The property is a substantial former guest house, a Victorian brick-built terrace dating back to circa 1890, with six well-proportioned bedrooms and ensuite facilities. There is a shared bathroom and additional shower room providing communal areas for comfortable multi-occupancy living. Planning permission has been granted to convert the property to a seven-bedroom house in multiple occupation (HMO) with the option to increase to an eight-bedroom HMO subject to necessary consent and internal adjustments.

The property is located in a prominent position on Bootham Crescent, close to York city centre, universities, railway station, and employment hubs, benefiting from strong tenant demand.