3 bed terraced house for sale

Sterne Avenue, York YO31

Already let out and with tenants currently in place, this mid-terrace property features a HMO license for three rental bedrooms and is perfectly placed to access both of Yorks Universities.

The property is currently achieving a rental income of £2000 per calendar month, a 9.2% gross yield. Additionally, there is significant potential to add a fourth bedroom by installing a rear dormer to the current top-floor tudy, which is a permitted development. This conversion would boost the property's rental value, with the potential to increase monthly rent to £2,700, a 12.5% yield. Inclusive of estimates for the work, this would work out at an 11% yield. The house also has a tenancy history dating back to 2002 and a full track record or year by year rents, available on request, dating back to 2012.

Located at the end of a cul-de-sac in an area between Tang Hall Lane and Fifth Avenue the property has many local amenities close by and good links with the city centre. There is also a simple route heading out towards the A64.

The internal accommodation begins with an entrance porch which opens into an inner hallway. The main living space is a well-proportioned lounge with half bay window, a fireplace with electric fire and a useful understairs storage area. The ground floor continues with a fitted kitchen with a range of wall and base units. There is also a generous conservatory which has French doors leading into a rear garden and the ground floor is completed with a three piece shower room. The first floor then houses a primary bedroom to the front with a useful shower enclosure. There are two further rental bedrooms to the rear of the home. Finally the accommodation also benefits from a study placed on the top floor of the home with a landing area and eaves storage cupboards. There are also the benefits of gas central heating, double glazing other than a single glazed window between the kitchen and conservatory and the property is council tax band B.

Outside the property is off street parking for one car to the front. There is also a rear garden which is mainly paved with a wooden storage shed and a brick-built store.

The freehold property is connected to a mains gas supply, a main electricity supply and mains water is supplied by Yorkshire Water. The broadband types available in the area are standard and ultrafast. Mobile availability at the property is covered by all four major suppliers. Please either check the Ofcom website or contact the office for specific details and suppliers available, for both broadband and mobile.