4 bed semi-detached house for sale

Melrosegate, York YO31

An established and fully compliant four bedroom licensed HMO investment property, located in a consistently strong student rental area to the north of York. The property has been successfully let to students for approximately twenty years by the current owner and is offered for sale with tenants in situ, providing an immediate and proven income stream.

The accommodation is arranged over two floors and includes a communal entrance hallway, four well proportioned letting bedrooms, a fitted kitchen replaced in 2022 and a modern three piece bathroom which was renewed approximately three years ago. The property has been well maintained and benefits from a new boiler installed last year along with updated uPVC windows and doors.

The property is fully compliant with current City of York Council HMO licensing requirements, allowing a purchaser to acquire a ready to operate investment without the need for further works or upgrades. The current rental income is £189.99 per person per week, generating a gross annual income of approximately £38,758 per annum inclusive of bills.

Externally, the property benefits from a separate garage, providing useful storage and additional practicality. Melrosegate is well positioned for access to the city centre, University of York and a range of local amenities, ensuring continued demand from student tenants.

An excellent opportunity to acquire a long established student investment with modern improvements already completed, full licensing in place and immediate income on completion.

The current vendor is open applying for certificate of lawfulness as part of a purchase.

Council Tax Band C

Anti-money laundering compliance

We are legally required to conduct Anti Money Laundering checks on all purchasers and sellers. 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 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.