4-bedroom house · HG1 2SZ
Sold STCListed 70 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nestled in the heart of the picturesque spa town of Harrogate, this exceptional investment opportunity on Royal Parade presents a rare chance to acquire four spacious luxury self-contained apartments each on separate floors a property that boasts both charm and spaciousness.
Having been under the same ownership for over 50 years, the property has been meticulously maintained, The property has a brown heritage plaque awarded for its unique place in Harrogate's Spa History.
Currently the four apartments feature a 9.4 review on booking.com and offer comfortable well planned luxury accommodation with four different themed apartments.
There are many times in the year where the whole block is taken by one family or one party. The apartments could be easily converted into long term letting.
The four apartments give each occupant privacy and their own kitchen areas together with dining space and luxury ensuite shower rooms.
There is an iconic view of the Royal Pump Room from the apartments and close by there are coffee bars, restaurants and the acclaimed Valley Gardens where there are walks which link into RHS Harlow Carr where there is a Bettys tea rooms.
Closer to hand and at ground floor adjacent to the main entrance of the apartments there is a Morrisons daily.
The current owners wish to sell the properties as a going concern with crockery, cutlery, linen, furniture and electrical appliances available.
Interestingly, as you would expect from such a fine period property the approach is both welcoming and visually stunning with an entrance vestibule, reception hall and elegant staircase providing access to the first floor house landing where there is a common laundry room.
There are double opening doors providing access to a studio apartment known as the Print room which has a bed area with soft seating and a dining area with a concealed kitchen with integrated fridge, slimline dishwasher and sink unit.
There’s a luxury shower room and useful storage cupboards.
To the first floor there is a beautiful character apartment known as Royale it features an open plan lounge with views of the Royal pump room to the front.
There is a feature fireplace and a spacious fitted dining kitchen ideal for entertaining. Additionally, there is a master bedroom with walk-in wardrobe and ensuite shower room at the rear.
At the second floor there is a matching sized apartment based upon an Indian theme known as Rajasthan.
On the third floor there is a slightly larger apartment known as Brooklyn with an American theme which features a guest toilet from the hallway with an open plan living dining kitchen with forward facing views towards the Royal pump rooms and a master bedroom with ensuite shower room and walk in wardrobe at the rear.
The top floor there is a laundry, storage area together with the potential for 3 separate lock up rooms for additional storage. At the rear of the property there are two parking spaces.
Nearby there is free parking in the disc zone on Valley Drive and further parking on Cornwall Road which is unrestricted.
AGENTS NOTES: There is also the possibility of purchasing the whole building by buying the freehold shop by separate negotiation which is currently let out to Morrisons Local.
The vendor is the freeholder of the whole building.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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.
Area
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FAQ
About Royal Parade, Harrogate
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