2-bedroom terraced house · HG1 2TF
For saleListed 14 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A valuable freehold property comprising self contained ground floor retail premises and a beautifully presented two bedroom period townhouse apartment with its own private entrance .
Prime central location and current income of circa £24,000.
A rare opportunity to acquire a valuable freehold building combining excellent income from stylish ground and lower ground floor retail premises along with high quality beautifully appointed residential accommodation within a large first and second floor period townhouse with additional attic space adding further potential.
There is the additional benefit of an enclosed privately owned courtyard to the rear.
The business premises which amount to 1299 sqft over two floors are currently the subject of a tenancy to a highly regarded niche operator currently producing an income of £24,000 pa.
The superb period duplex apartment has all the feel of a "town house" benefitting from its own private entrance with security phone system and an unrivalled town centre location on the very doorstep of a vibrant range of shopping and leisure facilities.
The floor area amounts to over 1400 sqft excluding the attic which could be further developed into formal bedroom and bathroom space (subject to consents).
An elegant period staircase with a guest cloakroom at half landing level leads to the first floor accommodation featuring a superb full width sitting / dining room with a feature fireplace and secondary glazed bay and picture windows.
The large dining kitchen has been appointed to a high standard with an extensive range of granite work surfaces, high gloss fitted cabinets and integrated appliances.
A further staircase then serves the second floor and superb principal bedroom suite with its own luxury wet room. A further double guest bedroom has the comfort of a nearby stylish house bathroom.
Finally, a concealed staircase leads to a range of attic rooms (circa 360 sqft) with the clear potential to create additional bedroom or home office / playroom space subject to building regulations.
The Montpellier Quarter is perfect for the buyer seeking the benefits of town centre living with an extensive choice of restaurants and shops within close walking distance along with excellent public transport services from the rail and bus station.
Valuable nearby car parking available by separate negotiation.
Local Authority & Council Tax Band • North Yorkshire Council, • Council Tax Band D for the residential and rateable value £18,750 for the commercial element.
• Commercial EPC – 39 / B Tenure, Services & Parking • Freehold subject to the tenancy of the ground and lower ground floor (details available upon request). • All mains services are installed.
• Car parking off Parliament Terrace for sale by separate negotiation.
Internet & Mobile Coverage For information on Internet and Mobile coverage access the Ofcom website from this link Flooding For information on flood risks please use this link Check for flooding in England - Agent’s Notes If any issue such as location, communications or condition of the property are of material importance to your decision to view then please discuss these priorities with us before making arrangements to view.
Buyer Anti Money Laundering Checks We are required by hmrc to undertake Anti Money Laundering checks for all buyers to the contract.
These checks are carried out through iamproperty who will make a charge of £34.20 inclusive of VAT per buyer. We will also need to see proof of funding.
We cannot mark a property Sold Subject to Contract until the checks have been satisfactorily completed.
Referral Fees Where we refer a seller/s or a purchaser/s to any of the following providers (and you are welcome to use an alternative), we reserve the right to claim a reasonable commission in respect of such services which will be charged to the third party provider:- Conveyancing Provider to deal with the transfer of title and Surveyor Services.
In either instance the fee/commission will not exceed £450 per case. In respect of referrals to Mortgage Advice Bureau the average fee will be approximately £450 but may vary and is case specific.
Any such commission does not affect our prices to you but may result in the third party provider’s prices being higher than it may otherwise be.
If driving, from the centre of town proceed down Parliament Street, turn left at the traffic lights on to Crescent Road which becomes Montpellier Road.
Just before the roundabout turn left into Montpellier Gardens where the property can be found on the right hand side.
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.
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FAQ
About 1 & 1A,, Montpellier Gardens, North Yorkshire
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