No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Guide price£1,325,000
OnTheMarket > 14 days

13 bedroom semi-detached house for sale

Lancaster Park Road, Harrogate, HG2 7SW
Auction
Sold STC
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Semi-detached house
13 bedroom
13 bathroom

Key features

  • SOLD POST AUCTION - LOT 4- INVESTMENT INCOME £87,840PA.
  • Residential Investment Opportunity
  • Fully let
  • Annual income of £87,840
  • Central heating
  • Large car park
  • Opportunity to develop
  • Close to local amenities
  • Walking distance of town centre

Property description

Description A fully let detached residential investment property, comprising 13 self-contained apartments, all let on fixed term Assured Shorthold Tenancies. Current annual rental Income is £87,840 thus producing a gross rental yield, based on the guide price, of 6.62%.  

Location The property is located very close to Harrogate District Hospital, it is also readily accessible to local shopping amenities as well as Harrogate town centre and good road and rail public transport links. 

The property has good potential for increasing rental income, both from future refurbishment of those apartments not already fully modernised, plus opportunities, subject to the necessary consents, renewal of unimplemented permission no 6.79.4190.H.FUL for the conversion of the basement to form 2 dwellings, and also to create two further apartments to the rear of the main building, both of which we understand attained previous planning consent 06/01564/Erection of third storey rear extension to form two new apartments (Site Area 0.1ha) which has now lapsed. 

All 13 apartments have gas central heating, the communal hall stairs and landings have been well maintained and there is a large car park to the rear accessed via the service road, Lancaster Park Lane. There are gardens to the front and rear.  

Energy Performance Certificate 5 Lancaster Park Road - Flats 1, 2, 3, 6, 7 & 8 - Grade D
5 Lancaster Park Road - Flats 4 & 5 - Grade E
7 Lancaster Park Road - Flats 1, 2, 3 - Grade D
7 Lancaster Park Road - Flats 4 & 5 - Grade E 

Tenure Freehold - subject to existing tenancies.
5 & 7 Lancaster Park Road
Rent x Term x Deposit
 

Apt 1 - 5 LPR £560 pcm 29.9.21 - 28.9.22 £625
Apt 2 - 5 LPR £550 pcm 17.7.21 - 18.7.22 £625
Apt 3 - 5 LPR £550 pcm 14.6.08 - 12.6.22 £550
Apt 4 - 5 LPR £575 pcm 17.7.21 - 16.10.22 £660
Apt 5 - 5 LPR £645 pcm 1.5.21 - 30.4.22 £740
Apt 6 - 5 LPR £545 pcm 14.7.19 - 13.7.22 £615
Apt 7 - 5 LPR £560 pcm 15.8.18 - 12.8.22 £625
Apt 8 - 5 LPR £525 pcm 14.9.15 - 13.3.22 £585
Apt 1 - 7 LPR £550 pcm 26.3.21 - 25.3.22 £635
Apt 2 - 7 LPR £615 pcm 1.9.19 - 31.8.22 £575
Apt 3 - 7 LPR £570 pcm 10.9.12 - 9.9.222 £595
Apt 4 - 7 LPR £495 pcm 1.9.17 - 31.8.22 £545
Apt 5 - 7 LPR £580 pcm 1.6.03 - 27.5.22 £500 

Services All mains services are connected to the property. 

Solicitors Lester Campbell, 17 Park Place, Leeds, LS1 2SJ. [use Contact Agent Button] FAO: Victoria Martin. 

VIEWINGS ARE STRICTLY BY APPOINTMENT ONLY. 

*See general conditions of sale for further information relating to the definition of Guide Price, Reserve Price and Additional Non Optional Fees and Costs. 

Property information from this agent

    Feather Smailes Scales is a specialist independent professional property partnership based in Harrogate town centre. We are Estate Agents, Letting Agents, Property Auctioneers, Surveyors, Valuers and Commercial Property Agents. The only fully comprehensive property agency in the district and with 25 staff our range of services and knowledge gives us a breadth and depth of experience of the property market that is hard to beat and brings "a different approach to property" to our customers. We are all very approachable and will discuss matters clearly and without ambiguity. Our friendly, experienced team can help you with buying, selling, letting, renting, surveying and valuing residential and commercial property in Harrogate and throughout Yorkshire. Established in 1994, by the 3 founding Partners, Jim Feather, Charles Smailes and Peter Scales. Feather Smailes Scales is owned and managed by Partners Simon Croft and Richard Smailes. Straight talking, innovative, and totally committed to delivering results, our expertise and 'different approach' keeps us ahead of the game.

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    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

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    Mobile phone signal availability and predicted strength

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    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

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    *Call rate information

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