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See how verdicts work5-bedroom house · YO17 9HX
Listing removedListed 137 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
61a Commercial Street, Norton town centre, a maisonette that has been improved over recent years and is registered as a house of multiple occupation (HMO) with Ryedale District Council.
The property was completed to all necessary building regulations at the time of conversion.
The property is double-glazed and heating is provided by Rionte electric panel heaters fitted by the current vendors in 2022.
The property is licensed for occupation by up to 5 people and is currently at 100% occupancy, and achieves a yearly rental income of £26,780 (assuming no void periods).
As a HMO landlord you will be liable to pay the council tax, insurance and water and electricity for the property, so please ensure you take this into account.
Each of the five bedrooms are double in size and meets the HMO measurement requirements. Bedroom Four has its own private en-suite shower room.
There are two shared shower rooms, one on both the first and second floors.
The communal kitchen has recently been improved and is located on the first floor and provides adequate workspace and storage for all five occupants.
The property has CCTV, emergency lighting, fire alarms/sensors in all areas of the home and fire extinguishers on each floor.
The property is connected to mains water, drainage and electricity and has a broadband connection.
Tenure is Leasehold for 150 years from May 2006 Please note that some photos were taken when the rooms were empty.
All rooms are fully allocated, so for tenant privacy, we have been unable to upload a photos of every room.
In accordance with Section 21 of the Estate Agents Act 1979, we declare that there is a personal interest in the sale of this property. Call Bespoke Property Agency today for a viewing!
Entrance Porch / Hall Ribbed hard entrance carpet, door to front, post boxes, emergency lighting, electric meter cupboard, fuse board, fire alarm control panel, understairs storage Kitchen Diner 2.63m x 4.15m Plus recess Vinyl flooring, two windows to side aspect, Rointe pannel heater, sink drainer, wall and base units, plumbing for a washing machine, integrated oven, space for a fridge, CCTV, tiled splash backs, breakfast bar, door to front aspect, storage cupboard Landings First floor landing - Carpet flooring, CCTV camera, fire alarm and sensor, emergency lighting, fire extinguishers.
Second floor landing - Window to rear aspect, carpet flooring, airing cupboard with immersion tank Bedroom One 3.52m x 4.62m Window to front rear, Rionte electric panel heater, carpet flooring, double in size Bedroom Two 2.56m x 4.41m Window to front aspect, Rionte electric panel heater, carpet flooring, double in size Bedroom Three 2.67m x 3.4m Window to front aspect, Rionte electric panel heater, carpet flooring, shelving unit Bedroom Four (Second Floor) 4.54m x 3.22m Max Window to rear aspect, Rionte electric panel heater, carpet flooring, double in size, en-suite shower room and W/C Bedroom Five (Second Floor) 4.44m x 4.15m Maximum Window to front aspect, Rionte electric panel heater, carpet flooring, double in size, storage cupboard.
First Floor Bathroom w/c, wash hand basin and vanity cupboard, shower cubicle, window to side aspect Second Floor Bathroom W/C (sani-flo system), wash hand basin, shower cubicle, extractor fan, vinyl flooring Additional Information Fully licensed five-bedroom house of multiple occupancy property ref: 21/00070/HMOLIC Leasehold property - 150 years from 26th May 2006.
Rent per annum is £1.00.
Current weekly rent charged per room - Room 1 - £120 per week Room 2 - £110 per week Room 3 - £80 per week Room 4 - £100 per week Room 5 - £120 per week Total per year - £27,560 Services: Mains water, mains electricity and mains drainage are connected.
Heating - The property is fully electric and is heated by Rionte electric panel heaters (fitted in 2022) Please note we (the selling agent) are one of the three vendors that own the property.
Insurance is arranged by the freeholder annually, and the share for 61a Commercial Street is paid for by the Leaseholder.
This year's annual charge was £445.92 Disclaimer Disclaimer - These particulars are produced in good faith, and are set out as a general guide only and do not constitute, nor constitute any part of an offer or a contract.
None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.
Any intending purchaser should satisfy him/herself by inspection of the property or otherwise as to the correctness of each of the statements prior to making an offer.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 61A, Commercial Street, Norton, Malton, North Yorkshire
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