5 bedroom terraced house for sale

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5 bedroom terraced house for sale

Burton Stone Lane, York, YO30
£459,000

Our Summary

  • A REAR HMO INVESTMENT OPPORTUNITY, APPROVED CHANGE OF USE (C4) LICENCE FOR 5, GENERATING INCOME OF £46,500/annum
  • Large driveway for 3 cars and availability for 2 extra cars on the street, rear garden, brick shed, EPC C, opportunity for further development subject to planning permission

Description

This is a rare investment opportunity to acquire a 5-bedroom HMO property in York, with a 10% yield and a tenancy agreement in place for the academic year. The property is located on Burton Stone Lane, a popular area with York St John's University, York Hospital, and York Town Centre within walking distance. Due to its proximity to the university, the demand for student accommodation is extremely high in this area, making it an attractive investment. The property has been operating as an HMO for a few years, with full capacity every year and tenancy signed a year in advance. There is also an opportunity to maximize rent by converting the loft into a 6th bedroom. With a current income of £46,500 per annum, this property presents a fantastic chance to generate a steady income stream.