2-bedroom flat · YO23 1FL
Listing removedListed 72 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the popular Chocolate Works development, this two bedroom ground floor apartment benefits from an impressive living area with an open plan kitchen, a three piece bathroom and en-suite shower room.
Placed to the south of the city there is easy access into the city centre and a simple route heading out towards the A64.
The Knavesmire and the popular Bishopthorpe Road shops are also just a short stroll away. The apartment is reached via a secure communal hallway.
Once inside there is private hall which leads to the heart of the home, an open plan lounge/diner and fitted kitchen.
The lounge area is bathed in light from a large window and a sliding door which opens onto a terrace area.
The contemporary kitchen has fitted units and built-in appliances including an oven, hob, fridge, freezer, microwave and also a dishwasher. There is also a cupboard with a free standing washer/dryer.
The apartment then continues with a primary double bedroom with a built-in wardrobe and an en-suite shower room.
There is a second double bedroom with a built-in cupboard and finally a three piece suite bathroom with a white suite.
There are also the huge advantages of underfloor heating fired by a gas central heating boiler and double glazing throughout.
Outside the development are some lovely communal spaces and one allocated parking spot. The property is connected to a mains electricity supply, with mains water supplied by Yorkshire Water.
The broadband types available in the area are standard, superfast and ultrafast. Mobile availability at the property is covered by all four major suppliers.
Please either check the Ofcom website or contact the office for specific details and suppliers available, for both broadband and mobile.
Furnished Available Mid Sept Deposit £1846.00 Deposit option scheme available
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 7 Medallion House,, Joseph Terry Grove, North Yorkshire
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