5 bed town house for sale

Cromer Street, York YO30

Full Description

A rear and fabulous HMO investment opportunity ( income of £49,000 / annum ) with a potential to maximise rent £58,800 with a single storey rear extension, subject to planning permission.

This is an approved C4 use set within an article 4 zone area of York, licensed for 5 occupants.
Within one of York's most popular student areas and very close to York St John's University.
Cromer Street is a very sought after street for students and investors, set within an article 4 zone area in York and its close proximity to York St John, s University, hence HMO licensed properties are very sort after on this street and quite limited.
This is a unique opportunity to own this well maintained and high standard HMO property.
Tenancy agreement in place for Sept 24/25 and Sept 25/26 academic year.
This property has been running as a very successful HMO since 2021 when approved for change of use from (C3) to (C4) with HMO licence for 5 occupants.
This HMO property operates on full occupancy each year and joint tenancy agreement is always signed a year in advance.

There's an opportunity to maximise rent with a rear extension subject to planning permission.
Planning permission was granted for a rear extension but expired last year.

Contact the agent for further details......
Viewing by appointment only.

**enquiries**

For all enquiries, viewing requests or to create your own listing please visit the Emoov website.

If calling, please quote reference: S4012