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See how verdicts work1-bedroom flat · HG4 2QT
Listing removedListed 355 days
Opportunity summary
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About
INVESTMENT PURCHASE FOR SALE WITH TENANT IN SITU!!! This upper floor one double bedroom apartment is ideally located close to Ripon City Centre and offers well presented accommodation.
The property benefits from being light throughout, modern shower room, spacious bedroom, central location close to all amenities, electric heating and double glazing.
Briefly comprises; Communal entrance with staircase leading to first floor. Front door leading into: Lounge open to kitchen, inner hall, double bedroom and shower room. Externally: Bin storage.
Attention Investors property has tenant in situ and produces a good 5.6% yield. Communal Entrance - Stairs leading to top floor.
Lounge - 3.33m x 2.62m (10'11" x 8'7") - Double glazed window to rear aspect, electric storage heater.
Kitchen - 2.51m x 1.85m (8'3" x 6'1") - Range of base units with work top over, breakfast bar with bar stools, electric cooker, sink unit housing stainless steel bowl and drainer with taps, space for undercounter fridge freezer, undercounter space and plumbing for washing machine, double glazed window to rear aspect.
Inner Hall - Storage cupboard housing hot water tank. Double Bedroom - 2.90m x 2.92m (9'6" x 9'7") - Feature double glazed bay window to front aspect, wall mounted electric heater.
Shower Room - 2.26m x 1.42m (7'5" x 4'8") - Modern white suite comprising: Shower cubicle with Mira electric shower, pedestal hand wash basin and mixer tap, low level W.C., wall mounted chrome towel rail, wall mounted heater, tiled floor, inset ceiling spot lights, mirror fronted vanity unit, double glazed window to front aspect.
Externally - Bin storage and on street parking is available close by on a first come first served basis. Agents Notes - Lease Details: Approx 35 years into 999 year Lease. On Street Parking.
Annual Service Charge Approx £1140 Achieved Rent £575 Per Calendar Month. APPROX YIELD 5.6% INVESTMENT PURCHASE FOR SALE WITH TENANT IN SITU!!!
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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About Somerset Row, Ripon
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