3-bedroom flat · YO26 4ZP
Listing removedReduced £35k (−5.1%) on 20 JunListed 612 days
Opportunity summary
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About
A wonderful fifth floor duplex apartment with a dramatic mezzanine level entertainment/reception room, large balcony and southerly views over the City Description 509 Westgate is an impressive duplex penthouse occupying a superb position with views across to The Milner Hotel and York railway station.
A concierge, parking, lifts, video entry system, CCTV cameras and underground storage for bicycles all provide functional luxury apartment living in this prestigious development.
The property has a good size entrance hall which leads to two sizeable bedrooms and a bathroom. The principal bedroom has an en suite shower room, fitted wardrobes and balcony access.
The open plan kitchen/sitting room has double doors leading out to the wonderful balcony, fantastic for modern day living and entertaining.
The balcony is south facing and provides ample space for relaxing and enjoying the city views.
A generous mezzanine is reached via a staircase, revealing an open, upper-level space ideal for a number of uses, including a study/office, lounge or home cinema room.
The exposed steelwork beams and support struts add a contemporary and industrial feel. A third bedroom and two great storage spaces complete this floor.
In addition the property has a secure parking space in the underground car park along with bicycle storage for residents.
Location Westgate Apartments is a sought-after development nestled between the River Ouse and the memorial gardens, just outside the historic walls of York centre, which provides the ultimate contemporary living experience.
The apartment building is perfectly positioned just outside the city’s historic walls and is close to York Theatre Royal, the Art Gallery, York Minster, Bettys Tea Rooms and the famous Shambles along with a range of local cafes, shops, restaurants, public houses, supermarkets and further landmark attractions.
Located beside the River Ouse is York City Rowing Club (about 0.2 mile), York Pilates Space and The Perky Peacock, a cosy café in a medieval tower.
Further along is Rowntree Park (about one mile) with café, playground, tennis and basketball courts.
Across the River is the Museum Gardens, the library, the award winning The Star Inn the City by Andrew Pern and the Michelin-starred restaurant, Roots, by Tommy Banks.
In addition, there is Skosh by Neil Bentinck which also boasts a Michelin-star, positioned on popular Micklegate, which is about half a mile from Westgate Apartments and has a number of independent shops, pubs, cafes and hairdressers.
The well-known York Racecourse and Knavesmire are about two miles from the city accessed by a delightful walk or cycle along the river.
About a mile away is Bishopthorpe Road which won the ‘Great British High Street of the Year’ award in 2015.
The area has a well-known parade of independent shops, café-delis and restaurants which hosts regular events and festivals.
York railway station, located close to the complex offers regular services to major cities including Manchester, Edinburgh and London with some journeys taking less than two hours to Kings Cross.
The A64 ring road is about three miles from the city centre giving access to Leeds, the A1(M) and the wider motorway.
The city offers a diverse range of primary and secondary schools including Scarcroft Primary School (Ofsted Good 2022), All Saints rc School (Ofsted Outstanding 2024) and Millthorpe School (Ofsted Good 2024).
Independent schools on offer are The Mount, St Peter's and Bootham. Please note all distances and times are approximate. Square Footage: 1,708 sq ft Leasehold with approximately 974 years remaining.
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Value & comps
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Returns
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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.
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About 509, Westgate Apartments, York
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