5, Farrar Street, York, YO10 3BY

An excellent investment opportunity in one of York’s most convenient and consistently popular rental locations.

This three bedroom mid terrace property is currently configured for shared occupation and benefits from planning consent for HMO use together with an established HMO licence.

The property is situated on Farrar Street, ideally positioned within approximately a twenty minute walk of both the University of York and York St John University, while the city centre is also easily accessible on foot.

This location continues to attract strong demand from student and professional sharers alike.

Internally the accommodation is well presented throughout, with three generously sized, fully furnished bedrooms, a comfortable living room, and a modern fitted kitchen equipped with an oven and fridge freezer.

A bathroom with both bath and separate shower serves the upper floors, while a separate outbuilding houses laundry facilities including a washing machine.

The property is finished in a neutral, contemporary style with good quality fixtures and fittings.

The property currently produces a gross rental income of £30,418 per annum, with gas, electric and water costs included within the rent.

Broadband is provided via a tenant allowance arrangement, offering flexibility for ongoing management.

This is a turnkey investment with established income, appropriate consents in place and a proven location, making it an attractive addition to any residential investment portfolio.

Floorplans and Photos Provided By Letting Agent Adam Bennett and are Approximates Only Anti-money laundering compliance We are legally required to conduct Anti Money Laundering checks on all purchasers and sellers.

These checks become mandatory when a seller accepts a purchaser's offer on a property. Anti-Money Laundering checks are valid for 6 months from the date they are completed.

If your purchase does not proceed and you make an offer on another property more than 6 months later, or if your checks are more than 6 months old when making a new offer, you will need to complete and pay for new checks.

We use a partner supplier MoveButler, to carry out these checks on our behalf.

They will contact you directly once your offer has been accepted (subject to contract) to complete the electronic verification process securely.

There is a non-refundable charge of £30 + VAT per purchaser for these checks.

This fee must be paid before we can issue a memorandum of sale to solicitors and is non-refundable under any circumstances.

Ashtons receive a portion of this fee from Movebutler as compensation for facilitating these checks and our administrative role in the compliance process.