£320000 Farndale Street, York

Summary

*** INVESTMENT OPPORTUNITY *** 4 BED HMO LET UNTIL 10 JULY 2023 *** Achieving £106pppw excluding bills *** £127pppw including the bill package paid to the agent *** Popular location for the University of York *** Walking distance to the city centre *** Path and cycle track along the river *** On street parking *** No onward chain *** EPC rating D *** Council Tax band B

Full Description

Current Tenancy Details

Let agreed to a group of 4 students for 2022/23 paying £424 per week on a furnished basis and excluding bills.
Generating a gross annual income in the region of £22,048
6.9% gross yield at asking price of £320,000
Managed by Sinclair Properties

Location

Ideal location for students being just 1 mile to the University of York Campus West and 0.7 miles along a lovely riverside walk or cycle to the city centre.

Entrance

Timber door with top light over.

Lobby

Hall

Radiator. Stairs to first floor.

Lounge

3.48m x 3.30m

Sash window. Radiator. Decorative fireplace.

Kitchen

2.06m x 2.74m;3.05m

Fitted with a range of base and wall units. Space and plumbing for washing machine. Built-in oven and hob. Space for tall fridge freezer. Radiator. Boiler. Under stairs storage. Window. Part opaque glazed door to courtyard.

Bathroom

1.70m x 1.96m

Comprising bath with shower over and wash hand basin. Opaque window. Radiator.

WC

Toilet. Opaque window.

Bedroom 1 (Ground Floor)

3.28m x 3.23m max

Two sash windows. Radiator. Decorative fireplace.

First Floor Landing

Galleried landing. Sash window. Access to loft.

Bedroom 2

4.32m max x 3.28m

Built-in storage. Decorative fireplace. Two windows. Radiator.

Bedroom 3

2.64m max x 3.48m

Built-in storage. Decorative fireplace. Sash window. Radiator.

Bedroom 4

2.01m x 2.95m

Sash window. Radiator.

Outside

To the rear of the property is a walled courtyard with gate access. Brick built store with power and light.

Additional Information

Council Tax Band B
EPC Rating D

The property is let through Sinclair, they manage the property and require a new buyer to remain.

Key Features


  • Investment property
  • 4 student bedrooms
  • Circa £22,048 annual gross income
  • Let until 10 July 2023
  • Achieving £106pppw excluding bills
  • Popular location for the University of York
  • Walking distance to the city centre
  • No onward chain
  • On street parking