Attention investors, Martin & Co are pleased to offer this imposing end terrace property for sale with no onward chain. Currently, two separate dwellings, each with its own private entrance. With an estimated rental value of £1,300 PCM, producing a 5.2% yield with plenty of scope for increase with some further improvements.
Entering the ground floor apartment through its private entrance, there is a spacious hallway, that would make an ideal work from home space or provide additional storage or utility space.
Leading through to the breakfast kitchen which has been fitted with a range of timeless white units, built in oven & extractor hood, sink and plumbing for a washing machine.
The charming living room, with feature fireplace at its focal point. The large bay window offers plenty of natural light.
Under stairs cupboard offering useful additional storage.
Double bedroom with large bay window and a range of fitted wardrobes.
The apartment includes a useful external store as well as the single garage.
Entering the second property on the ground floor, the property benefits from an internal porchway as well as a spacious hall & stairway leading to the first floor. Where you will find a well thought out layout, comprising:
Kitchen diner, whilst the existing kitchen may require renovation, the well-proportioned room offers plenty of scope for the new owner to make this the heart of the home, with ample room for a range of kitchen units as well as dining space.
House bathroom with white three-piece suit and shower over bath. Useful airing cupboard.
Spacious hallway with access to the loft hatch.
The living room is generous in size and has a light and airy feel.
Thanks to its position within the end terrace, the double bedroom offers views across North Harrogate and beyond. The bedroom is fitted with useful, wall-to-wall storage.
TENURE: We have been advised by the vendor that there are 980 years remaining of a 999 year lease starting in April 2005. The buildings insurance and property maintenance costs are currently to be split 50:50 between the two apartments. There is currently no ground rent or service charge payable at the property. The vendor would include the freehold with the sale of the entire property.
We estimate a rent of £550 - £575PCM to be achievable for the upper apartment in its current condition with a potential rent of £700-750PCM following renovations.
There is currently a tenant in situ, in the lower apartment, with a assured shorthold tenancy in place until August 2024, achieving a rent of £750 PCM.
The council tax for both dwellings is currently band A, payable to North Yorkshire County Council.