1-bedroom flat · YO18 8EL
Listing removedListed 117 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Living Room ** Inner Hall ** Kitchen Bedroom ** Shower Room Electric Heating ** uPVC Double Glzing Residents Parking ** EPC Rating D Description Pickering is a thriving market town found at the foot of the North York Moors National Park, along the A170 Thirsk to Scarborough Road.
As a result there are excellent links to the East Coast and City of York where the Intercity train Service runs from London to Edinburgh.
Pickering has a good range of shops, a Monday street market, reputable schools for all ages and amenities that include doctors surgery, dental clinics and library.
There are also a wealth of recreational activities close to hand, such as Dalby Forest, The North York Moors Steam Railway and Pickering Castle.
Wheel House was previously a medical clinic and has been converted by the current owner into 7 smart one and two bedroom apartments with their own residents parking.
They are convenient for the town's services being only a very short stroll to the centre.
Flat 3 is a ground floor, one bedroom apartment with a living room, a separate kitchen that includes a washing machine, fridge/freezer, electric oven and hob.
The bedroom is served by a good sized shower room. General Information Services: Mains electricity and water are connected. Connection to mains drains. Electric Heating. Solar Panels.
The tenant will reimburse the landlord for electricity used. There is a sub meter for this purpose.
Council Tax: The property has been assessed by North Yorkshire Council as Band A Rent: £550 per calendar month, payable monthly in advance by bankers order.
Tenancy: The property will be let on an Assured Periodic Tenancy Deposit: A deposit of one calendar months rent will be required at the commencement of the tenancy.
Rounthwaite & Woodhead will protect tenants deposits covered by the insurance backed scheme run by Tenancy Deposit Solutions Outgoings: Tenants will be responsible for payment of electricity, water and Council Tax, plus the cost of a telephone/internet connection (if required and if applicable).
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Flat 3, Wheel House, Train Lane, Pickering, North Yorkshire, YO18 8EL
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