Burton Stone Lane, York, YO30

Full Description

A REAR HMO INVESTMENT OPPORTUNITY, APPROVED CHANGE OF USE FROM (C3) to (C4), LICENCE FOR 5, GENERATING INCOME OF £46,158/annum, potential earning of £58,986. is easily achievable, details below. Tenancy agreement in place for Sept 24/25 and Sept 25/26 academic year. A fabulous opportunity to acquire this 5 double bed HMO investment, with a 10% yield. Burton stone Lane is a short walking distance to York St John's University, the York Hospital and York Town Centre, Burton Stone Lane is very popular with students due to it,s close proximity to the university. Set within the article 4 zone area of York, hence HMO properties tend to be very limited, hence the demand for student accommodation is extremely high within the area, with demand extremely outweighing supply. This property has operated as an HMO for a few years, with full capacity every year and tenancy signed a year in advance. Opportunity to create a 6th bedroom to maximise rent by an extra £9830/ annum, by dividing the loft bedroom into two and relocating the bathroom downstairs, 2 double bedrooms can still be achieved, potential sizes achievable below. 3.69m/3.08m for each divided room. Please contact agents for further details........ viewing by appointments only. Viewing start date: 2/04/2025.