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See how verdicts work2-bedroom flat · YO10 3ES
Listing removedListed 100 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A lovely two bedroom first floor apartment featuring a generous lounge/diner, a separate fitted kitchen, a three piece bathroom and the advantage of an allocated parking space.
Placed just off Lawrence Street, the property is only a short distance from the city centre and has many amenities additional amenities close by.
There is also a simple route heading out towards the A64. The apartment is reached through a secure communal hallway with a staircase leading to the first floor.
Once inside there is a private entrance hallway with access to a useful storage cupboard and a further cupboard housing a hot water tank.
The main living space is the lounge/diner with ample space for both living and dining.
The lounge/diner has access to the separate fitted kitchen with a range of wall and base units, a built-in oven, hob, a free standing fridge/freezer and a washing machine.
The accommodation continues with a primary bedroom and also a smaller second bedroom, which would make an excellent home working space if needed.
Finally there is a three piece bathroom with a shower over the bath. There are also the advantages of electric heating and double glazing throughout.
Outside is the allocated parking space and bicycle storage. The property would make an excellent first time purchase but would also make a superb investment opportunity.
For details on the long term potential rental income, please contact the office. This is a leasehold property. The lease is 999 years from 1/1/2002.
The ground rent is £280 per annum and is due to be reviewed on 1/1/2032. The latest service charge is £1146 per annum paid quarterly at £286.50. This is due to be reviewed in October.
The property is connected to a mains electricity supply, with mains water and sewerage supplied by Yorkshire Water. The broadband types available in the area are standard, superfast and ultrafast.
Mobile availability at the property is covered by all four major suppliers.
Please either check the Ofcom website or contact the office for specific details and suppliers available, for both broadband and mobile.
For details on any potential long term flooding risk to the development, please check the government long term flood risk website.
Communal Entrance Secure entrance door and stairs leading to first floor. Entrance Hall Entrance door, storage cupboard and cupboard housing hot water tank.
Lounge/Diner 14'8" x 13'8" (4.47m x 4.17m) Window to front elevation.
Kitchen 5'7" x 9'10" (1.7m x 3m) Wall and base units, work surfaces, sink, built-in oven, hob, extractor, a free standing fridge/freezer and a washing machine.
Bedroom 1 11'8" x 9'5" (3.56m x 2.87m) Window to rear elevation. Bedroom 2 9'9" x 8'4" (2.97m x 2.54m) Window to rear elevation. Bathroom Three piece suite with bath with shower over, sink and W.C.
Exterior Allocated parking space and bicycle storage. Material Information Leasehold. Council tax band B.
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.
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FAQ
About 4,, Berkeley House, Lawrence Street
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