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Cromer Street, York, YO30 5 bed townhouse for sale
Cromer Street, York, YO30
£509,000
Cromer Street, York, YO30
£509,000
Our Summary
- A REAR AND FABULOUS HMO INVESTMENT OPPORTUNITY ( INCOME OF £49,000 / ANNUM ) with a potential to maximise rent £58,800 with a single storey rear extension, subject to planning permission
- There's an opportunity to maximise rent with a rear extension subject to planning permission
- Planning permission was granted for a rear extension but expired last year
Description
This is a rare investment opportunity in York's most popular student area, Cromer Street, offering a high-yielding HMO property with a potential annual income of £49,000 and a maximum potential rent of £58,800 with a single-storey rear extension, subject to planning permission. The property is licensed for 5 occupants and has been successfully operating as an HMO since 2021, with a tenancy agreement in place for the upcoming academic year. With its prime location near York St John's University, this property is highly sought after by students and investors alike, and offers a unique chance to own a well-maintained and high-standard HMO property with a potential for further development. Viewings are by appointment only, and interested parties are encouraged to contact the agent for further information and to schedule a viewing.