3 bed flat for sale

Hansom Place, York YO31

High yielding and fully established residential investment in one of York’s most consistently strong rental locations. This spacious three bedroom, two bathroom ground floor apartment is currently let to three long standing tenants and generates gross income of £2000 per calendar month, offering immediate income with a proven track record of occupancy.

Set within a quiet development just off Wigginton Road, the apartment provides generous accommodation ideally suited to the professional sharer market. The layout includes a spacious living area and a modern fully fitted kitchen with integrated appliances including fridge freezer, dishwasher and washer dryer. There are three well proportioned bedrooms, with the principal bedroom benefiting from an ensuite, alongside a separate main bathroom.

The ground floor position enhances accessibility and tenant appeal, supporting the longevity of the current tenancy. Demand remains strong due to the property’s size, layout and proximity to key employment hubs.

A key advantage is the share of freehold, owned collectively with other residents. The leases have been varied to remove previous restrictive clauses, and there is no ground rent payable, strengthening long term investment fundamentals and mortgageability.

Positioned directly opposite York District Hospital and within walking distance of the city centre, the property is highly attractive to professional tenants. Externally, there is one allocated parking space along with visitor bays, further supporting demand and retention.

A ready made investment with stable income and long term appeal.

Leasehold
Length of lease- 993 years remaining
Ground rent - Peppercorn
Ground rent review period- Fixed
Service Charge- £1,655 per annum

Council Tax Band- C

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.