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Burton Stone Lane, York, YO30 5 bed terraced house for sale
Burton Stone Lane, York, YO30
£459,000
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
- 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 opportunity to acquire a 5-bedroom HMO investment property in the popular Burton Stone Lane area of York, which is just a short walk from York St John's University, York Hospital, and the city centre. The property has been operating as an HMO for a few years and has a full capacity every year, with tenancies signed a year in advance. The property generates an annual income of £46,500 and has a 10% yield, making it an attractive investment opportunity. The property also has the potential to maximize rent with an additional 6th bedroom in the loft. With a change of use (C4) licence in place, this property is a fantastic opportunity for investors to capitalize on the high demand for student accommodation in the area.