4 bed property for sale

13 Park Row, Knaresborough HG5

Description

**Virtual Tour**

Investment Opportunity - Freehold Block of Two Residential Apartments with Strong Income Potential in Central Knaresborough

An increasingly rare opportunity to acquire the freehold interest in a pair of well-proportioned two-bedroom apartments, positioned within the heart of Knaresborough town centre and benefitting from private parking for up to four vehicles.

The asset comprises two self-contained residential units, offering an attractive proposition for investors seeking secure rental income, long-term capital appreciation and future asset management opportunities. Based on current market conditions, the properties are anticipated to achieve a combined gross rental income of approximately £22,800 per annum (£950 pcm per unit), presenting immediate income generation potential.

The accommodation includes:

Flat 1 (Ground Floor) - A spacious two-bedroom apartment featuring a bright lounge, fitted kitchen, house bathroom and two double bedrooms, together with the added benefit of a private enclosed outdoor area suitable for tenant amenity and enhanced rental appeal.

Flat 2 (First Floor) - A well-configured two-bedroom apartment comprising a dual-aspect lounge, fitted kitchen, separate W/C, house bathroom and two double bedrooms.

Both apartments are accessed via an attractive communal courtyard setting.

From an investment perspective, the property offers multiple strategic advantages including:

Freehold ownership with control over the entire asset
Dual income stream potential across two self-contained residential units
Estimated gross annual rental income of £22,800 at full occupancy
Private parking provision, an increasingly valuable amenity supporting tenant demand
Prime town centre location, underpinning long-term rental resilience and capital growth prospects
Asset management and value-add potential, including reconfiguration or conversion back to a substantial single dwelling, subject to the necessary consents

The combination of location, rental demand and future flexibility makes this an appealing addition to an investor portfolio, suitable for buy-to-let investors, long-term income strategies or purchasers seeking redevelopment potential.

Tenure: Freehold