We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom flat · YO24 1EF
Listing removedListed 396 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superb sized 3 double bedroom first floor apartment with an allocated off street parking space.
The property is a modern take on a spacious mansion block apartment and is situated in a prime location just off The Mount and offered with the convenience of no forward chain.
A security entry system provides access into the communal entrance hallway where there is a lift and stairs to the first floor.
The private front door leads into a particularly spacious entrance hallway with wood effect laminate flooring which flows through most of the apartment.
The lounge/dining room is a fabulously large living space with a deep bay window comprising of two windows and French doors onto the balcony.
The kitchen/breakfast room also has French doors onto the balcony and is fitted with a range of wall and base units with luxury quartz worktops and integrated appliances including an electric hob, overhead extractor, double oven, fridge/freezer and washing machine.
There are 3 double bedrooms with bedroom 1 having an ensuite shower room/WC and there is a house bathroom/WC with a shower over the bath.
The property has gas central heating, double glazing and an energy performance rating (EPC) of B. A driveway under an archway leads to a parking space for each apartment at the rear.
The property is conveniently situated between York’s city walls (0.4 miles north) and The Knavesmire/York Racecourse (0.2 miles south).
Lease details This is the first time the property has been sold therefore there is a new lease being created.
Once all eight apartments have been sold, the freehold will be handed over to all the leaseholders and with it a share in the management company.
This will give the leaseholders the benefit of the control of costs and how the building is managed. Lease length – 999 years Ground Rent – Nil Service charge - Approx.
£640 per annum Letting - The property can be let or holiday let Pets - Are allowed subject to management company approval Council tax Band tbc.
Agents note To be able to purchase a property in the United Kingdom all agents have a legal requirement to conduct Identity checks on all customers involved in the transaction to fulfil their obligations under Anti Money Laundering regulations.
We outsource this check to a third party and a charge will apply. Ask the branch for further details.
Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QYO250505/8
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
Agent & docs
FAQ
About 4 Kings Cloisters,, Driffield Terrace, North Yorkshire
Explore nearby