Floorplans (
Map4 bedroom semi-detached house for sale
Melrosegate, York
Chain-free
Added yesterday
Semi-detached house
4 beds
1 bath
904
EPC rating: D
Key information
Tenure: Freehold
Council tax: Band C
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- Semi Detached Housw
- Four Bedroom HMO
- Potential For Extension Subject To Necessary Planning Permission
- Ideal For York University Or St John University
- Gross Annual Income Of Approximately £38,758 Per Annum Inclusive Of Bills.
- No Onward Chain
- EPC D
An established and fully compliant four bedroom licensed HMO investment property, located in a consistently strong student rental area to the north of York. The property has been successfully let to students for approximately twenty years by the current owner and is offered for sale with tenants in situ, providing an immediate and proven income stream.
The accommodation is arranged over two floors and includes a communal entrance hallway, four well proportioned letting bedrooms, a fitted kitchen replaced in 2022 and a modern three piece bathroom which was renewed approximately three years ago. The property has been well maintained and benefits from a new boiler installed last year along with updated uPVC windows and doors.
The property is fully compliant with current City of York Council HMO licensing requirements, allowing a purchaser to acquire a ready to operate investment without the need for further works or upgrades. The current rental income is £189.99 per person per week, generating a gross annual income of approximately £38,758 per annum inclusive of bills.
Externally, the property benefits from a separate garage, providing useful storage and additional practicality. Melrosegate is well positioned for access to the city centre, University of York and a range of local amenities, ensuring continued demand from student tenants.
An excellent opportunity to acquire a long established student investment with modern improvements already completed, full licensing in place and immediate income on completion.
The current vendor is open applying for certificate of lawfulness as part of a purchase.
Council Tax Band C
The accommodation is arranged over two floors and includes a communal entrance hallway, four well proportioned letting bedrooms, a fitted kitchen replaced in 2022 and a modern three piece bathroom which was renewed approximately three years ago. The property has been well maintained and benefits from a new boiler installed last year along with updated uPVC windows and doors.
The property is fully compliant with current City of York Council HMO licensing requirements, allowing a purchaser to acquire a ready to operate investment without the need for further works or upgrades. The current rental income is £189.99 per person per week, generating a gross annual income of approximately £38,758 per annum inclusive of bills.
Externally, the property benefits from a separate garage, providing useful storage and additional practicality. Melrosegate is well positioned for access to the city centre, University of York and a range of local amenities, ensuring continued demand from student tenants.
An excellent opportunity to acquire a long established student investment with modern improvements already completed, full licensing in place and immediate income on completion.
The current vendor is open applying for certificate of lawfulness as part of a purchase.
Council Tax Band C
Property information from this agent
About this agent
Ashtons Estate Agents is a local, family run business with a multi-branch network in York. Our holistic approach to buying, selling, property management and holiday letting (Stays York) is a contributing factor in positioning Ashtons as the number one agent in York, however, above everything our greatest strength is our team. Our genuine, warm and friendly approach coupled with passion, knowledge and professionalism makes our client management skills unique in the industry. We understand moving is an exciting and sometimes a stressful experience, but our team are here to make the process as smooth as possible from the initial valuation, marketing, viewings, and sales progression right up to completion. Chat to a member of the team on 01904 918169 to find out how we can tailor our service to meet your needs and get the best price for your property.
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