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See how verdicts work2-bedroom flat · YO62 5AF
Sold STCListed 119 days
Opportunity summary
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About
Situated within the prestigious ancient market town of Helmsley in the town's conservation area and the North York Moors National Park can be found this two -bedroom ground floor apartment comprising part of the conversion of the former Old Workhouse, now known as Woodard House.
Woodard House is situated in substantial grounds with a large lawn to the front, with dual access to either side.
The apartment has a garage and car standing area to the rear (not individually allocated). Approx 1 acre of woodland which can be accessed by the residents.
The property is close to the beginning of the Cleveland Way and a great area for walkers.
The apartment is let on a long lease with approx 244 years to run to 2271, with the freehold interest owned and run by the eight apartment owners.
Accommodation briefly comprises: Communal access as well as direct access to the sitting room/dining area through French doors, private entrance hall, fitted kitchen, bedroom 1, bedroom 2/further reception room, storage room and house bathroom with shower over bath.
Gas fired central heating.
This highly popular North York Moors market town has a good range of amenities, including an excellent array of shops and eating establishments, doctor and dentist surgeries.
An ideal base to explore the outstanding North York Moors National Park; the ancient city of York and the coastal resorts of Scarborough and Whitby are easily commutable. Tenure: Leasehold.
A term of 300 years from the 1st May 1971. We understand that each leaseholder is a shareholder in the Freehold Management Company (Realcustom Property Management Ltd).
Service charges are payable at present to the sum of £1,860.00 per annum, paid monthly, reviewed annually.
This includes all maintenance of buildings and grounds, buildings insurance and electricity to common areas, excluding the maintenance of the windows.
We understand that the Residents of the property also enjoy the benefit of the adjoining woodland for which the owners pay £25 p.a shared between the eight flat owners to the Duncombe Park Estate, included in the Service Charge.
Notes: Rules and Regulations to Woodard House are available on request. Covenants - not to use a commercial business or for holiday letting.
EPC Band: C Services: Mains water, drainage, gas and electricity are laid on.
Property tax: Band C Photography: Peter Illingworth Location: what3words///binds.headstone.colleague Mobile Coverage: EE, Vodafone, Three, and O2 Broadband: Basic 16 Mbps, Superfast 71Mbps, Ultrafast 1800 Mbps Satellite/Fibre: BT and Sky Flood Risk: Very low HMRC: It is a legal requirement to identify purchasers for the Proceeds of Crime Act/Anti-Money Laundering/ Anti Terrorism Legislation etc.
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Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Woodard House, High Street, Helmsley, York
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