2-bedroom flat · HG5 8AL
Sold STCListed 328 days
Opportunity summary
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About
**** TOWN CENTRE APARTMENT **** A spacious and well maintained two bedroom maisonette apartment, located off the Market Place, ideal for property investors and first time buyers.
Accommodation - We are delighted to offer for sale this two bedroom maisonette apartment. The property overlooks the Market Place and crucially is being offered for sale with no onward chain.
It is accessed via a communal side entrance with a staircase leading to the first floor accommodation. The principal reception room is a spacious lounge being L shaped in nature.
There is an electric heater and television aerial point.
There is a modern kitchen having a range of stylish range of built-in base units to two sides with laminated work top and inset stainless steel sink unit.
There is an additional range of matching high level storage cupboards with ceramic tiled splashbacks.
Included within the kitchen is a built-in electric oven with four ceramic hob unit over and extractor canopy above.
The kitchen also provides plumbing for an automatic washing machine and includes recessed ceiling downlighters and vinyl flooring.
The landing services all the upper floor accommodation and includes a walk-in L shaped wardrobe and double fronted built-in storage cupboard.
The property features two good sized double bedrooms both of which have sash casement windows.
The accommodation is completed by a shower room having a low flush WC, pedestal wash hand basin and walk-in shower cubicle with three quarter height tiled surround.
The subject property is located over the first and second floors having a private entrance hall with staircase leading to the first floor accommodation.
To The Outside - The property is part of a period mixed use commercial and residential property overlooking the Market Place.
The property has a communal side entrance with further access to the rear of the property. There is an opportunity for the purchaser of the property to lease an off street parking space.
Spaces will not be demised and will be subject to termination by the landlord with three months’ notice.
Additional Information - Tenure: Residential Services/Utilities: Mains Electricity, Water and Sewerage are understood to be connected Broadband Coverage: Up to 1600* Mb download speed EPC Rating: D Council Tax: A - North Yorkshire County Council Current Planning Permission: No current valid planning permissions Viewings: Strictly via the selling agent - Stephensons Estate Agents - * Download speeds vary by broadband providers so please check with them before purchasing Service Charges: £1,658.55 per annum - Reviewed annually Management Company: Mulberry Property Management -
Value & comps
No previous sales on record.
Returns
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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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About Market Place, Knaresborough
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