Union Terrace, York 1 bed apartment for sale

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Union Terrace, York 1 bed apartment for sale

Union Terrace, York YO31
£160,000

Our Summary

  • A one bedroom, second floor apartment situated just off Clarence Street, being a 5 minute walk to York District Hospital and a 3 minute walk (for the average person) to York St John University - an ideal Investment opportunity (No Holiday Lets permitted) the anticipated rental income form here would be £800-850 PCM - giving a yield of 6%+

Description

This one-bedroom apartment is located on the second floor of a well-maintained building, just a short walk from York District Hospital and York St John University. The property boasts a recently decorated and carpeted communal hallway, as well as a bright and airy kitchen living area with Velux roof lights and modern appliances. The apartment also features a spacious double bedroom with a Velux window, a modern shower room with heated towel rail, and a storage/cloaks cupboard. With a share of the freehold and a 999-year lease, this property offers a secure and stable investment opportunity. The annual service charge of £365 includes the upkeep of the communal areas, buildings insurance, and external security entrance doors, and is not expected to increase for the next 4-5 years. The property allows subletting, with the exception of holiday lets, and permits one well-behaved small pet. With a potential rental income of £800-850 PCM, this property offers a yield of 6%+.