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See how verdicts work1-bedroom flat · YO7 1ST
Sold STCListed 59 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent investment opportunity to acquire this one bedroom property in Sowerby, offered with tenants already in situ who are keen to remain.
The accommodation comprises a living room, open plan kitchen, double bedroom and bathroom. A straightforward buy-to-let option for those seeking an income-producing property from the outset.
Please contact the office for further information.
The Property - Here’s a tightened, more buyer-focused version: Accessed from the rear lane, this ground floor apartment opens into a well-proportioned open plan kitchen and living space, which offers a good sense of room for a property of this size.
The living area includes television and telephone points along with a window to the front elevation, providing natural light.
The kitchen is fitted with a range of base and wall units, roll top work surfaces and an inset sink with mixer tap.
There are integrated appliances in place, along with additional space and plumbing for further appliances if required.
The double bedroom is set to the side of the property and allows space for essential furniture, with a window to the side elevation. The shower room is fitted with a shower cubicle, WC and wash basin.
Externally, there is a small, low-maintenance garden area, while to the rear is a larger shared courtyard used by residents of De Mowbray Court. The property is leasehold.
Council: Hambleton Council Tax Band: A EPC Rating: C Approximate room measurements: Living Room: 3.3m x 3.0m Kitchen: 2.53m x 2.3m Bedroom: 2.9m x 2.8m Shower Room: 1.97m x 1.99m Additional Information - AGE RESTRICTION The Apartment must be occupied by a person of 55 or over.
If the event of a couple wishing to occupy the Apartment, then at least one of them must be the 55 or over. SERVICE / UTILITY CHARGE There is a monthly charge £148.00 per month.
This includes a utility charge of (gas, water and electricity) and the remaining is for buildings insurance and the upkeep of the communal areas. LEASE There are 981 years left on the lease.
|The Ground Rent is £100 p.c.m.
and the Service Charge is £924.00 annually The form of Lease is attached to the Agreement for Sale and will be granted for a term of 999 years from 1.4.07 The Landlord is responsible for the maintenance of the main structure of the Apartment as well as the common areas such as the courtyard and gardens.
The Landlord also provides the centrally administered utilities being gas, water and sewerage. In addition the Landlord maintains the buildings insurance covering the Apartments and common areas.
The Buyer contributes towards the cost of the above items by way of a percentage service charge contribution.
Service charge is payable by means of monthy contributions on the first day of each month with a balancing adjustment being made following the end of each service charge year.
The Service Charge year runs from 1 April to 31 March.
In addition annual ground rent of £100 per year is payable which together with the monthly service charge contribution will be apportioned on completion.
Disclaimer - We strive to ensure that our sales particulars are accurate and reliable.
However, they do not constitute an offer or form part of any contract, and should not be relied upon as statements of representation or fact.
Services, systems, and appliances mentioned in this specification have not been tested by us, and no guarantee is given regarding their operational ability or efficiency.
All measurements are provided as a general guide for prospective buyers and are not exact. Please note that some particulars may still require vendor approval, and images may have been enhanced.
For clarification or further information on any details, please contact us—especially if you are traveling a significant distance to view the property.
Fixtures and fittings not explicitly mentioned are subject to agreement with the seller.
The copyright and all other intellectual property rights on this site, including marketing materials, trademarks, service marks, trade names, text, graphics, code, files, and links, are owned by Luke Miller & Associates.
All rights are reserved.
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
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FAQ
About Back Lane, Sowerby, Thirsk
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