Eldon Street, York, YO31 7NH

A licensed three bedroom HMO, currently occupied by three tenants and let through to 2027, presenting an excellent opportunity for investors seeking an established property with a strong rental return. The house is conveniently positioned within easy reach of York city centre, York Hospital, local amenities and transport links.

The accommodation begins with an entrance hallway opening into a central communal living room, featuring an attractive fireplace and providing a comfortable shared space for the tenants. From here, access leads to a well proportioned ground floor double bedroom and a modern fitted kitchen at the rear of the property. The kitchen opens directly onto an enclosed courtyard garden, offering useful private outside space.

To the first floor are two further double bedrooms and a family bathroom, completing the well arranged accommodation.

The property generates an annual rental income of £29,646, with bills included within the tenancy. Current annual bills are approximately £3,392. Based on an asking price of £325,000, the property provides an attractive gross rental yield of approximately 9.1%.

The vendor has applied for a Certificate of Lawfulness on the basis that the property has been continuously used as an HMO for the past ten years, with its HMO use understood to predate the relevant 2012 regulatory changes. The property is currently managed and let through a letting agent.

Anti-Money Laundering Compliance - We are legally required to conduct Anti Money Laundering checks on all purchasers, sellers, and giftors. These checks become mandatory when a seller accepts a purchaser's offer on a property. Anti-Money Laundering checks are valid for 6 months from the date they are completed. If your purchase does not proceed and you make an offer on another property more than 6 months later, or if your checks are more than 6 months old when making a new offer, you will need to complete and pay for new checks. We use a partner supplier MoveButler, to carry out these checks on our behalf. They will contact you directly once your offer has been accepted (subject to contract) to complete the electronic verification process securely. There is a non-refundable charge of £30 + VAT per purchaser and per giftor for these checks.. This fee must be paid before we can issue a memorandum of sale to solicitors and is non-refundable under any circumstances. Ashtons receive a portion of this fee from MoveButler as compensation for facilitating these checks and our administrative role in the compliance process.