£600000 York Road, Acomb, York

Summary

An exciting opportunity to purchase this substantial investment property, located a few minutes walk from Acomb shops. The sellers have rented rooms in this HMO for over 20 years continuously and are only selling due to retirement.

Currently, there are a few rooms they have chosen not to rent out, and their current rates are below the current market, so there is great scope for development! Likely potential annual income should be in the region of £38,000 by a motivated new landlord.

Further development may be possible with the large cellar, and the yard and garage to the rear. This one is sure to be of interest to the astute seasoned investor.

Full Description

Room 7

4.22m x 3.81m

Room 8

3.73m x 3.63m

Shower Room

Room 9

3.23m x 2.97m

Room 4 – Living Space

3.81m x 3.51m

Room 4 – Bedroom

2.84m x 2.13m

Room 5

3.68m x 3.89m

Shower Room

Room 6

3.56m x 2.77m

Room 1 – Living Space

3.84m x 3.66m

Room 1 – Kitchen

4.22m x 2.01m

Room 2

3.89m x 3.68m

Shower Room

Room 3

4.42m x 2.74m

Yard

Nice sized yard that leads to the brick garage.

Garage

4.62m x 2.90m

Development Opportunity

It is possible that the garage and yard area could be developed into a separate dwelling. This is subject to planning permissions and all the usual development challenges. The owners intend to add an overage, should development happen in future.

Cellar

Key Features


  • Large Investment Property
  • Three Storeys (plus cellar)
  • 9 Potential Letting Rooms
  • Holds HMO license
  • Potential Further Development