Melrosegate, York - Offers Over £375,000 - Freehold

An established and fully compliant four bedroom licensed HMO investment property, positioned in a consistently popular student rental location to the north of York. Having been successfully let to students by the current owner for approximately twenty years, the property is offered for sale with tenants in situ, providing an immediate income producing investment.

The accommodation is arranged over two floors and comprises an entrance hallway, four well proportioned letting bedrooms, a modern fitted kitchen installed in 2022 and a contemporary three piece bathroom replaced approximately three years ago. The property has been well maintained throughout and benefits from a replacement boiler installed in 2025 together with updated uPVC windows and doors.

The property is fully compliant with current City of York Council HMO licensing requirements, allowing a purchaser to acquire a ready made investment with no immediate works required. The current tenancy agreement runs from 5 July 2026 until 5 July 2027 and generates a monthly rental income of £3,389.11, equating to a gross annual income of approximately £40,669.32 inclusive of bills.

Externally, the property benefits from a separate garage providing valuable storage and additional practicality. The location offers excellent access to York city centre, the University of York and a wide range of local amenities, ensuring continued demand from the student rental market.

This represents an excellent opportunity to acquire a long established and well maintained student investment with modern improvements already completed, full licensing in place and a secure income from completion.

The current owner would also be willing to apply for a Certificate of Lawfulness as part of the transaction, subject to agreement.

Council Tax Band C.

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.

Semi Detached Housw
Four Bedroom HMO
Potential For Extension Subject To Necessary Planning Permission
Ideal For York University Or St John University
Gross Annual Income Of Approximately £40,669.32
No Onward Chain
EPC D

4 Bedrooms   |   1 Bathroom   |   1 Reception