Clarence Street and Brook Street, York - £1,250,000 - Freehold

A rare opportunity to acquire the freehold interest in two high performing student investment properties in one of York’s most sought after central locations. Comprising 40 Clarence Street and Hill House, Brook Street, the portfolio offers twelve bedrooms and a combined annual income of approximately £121,000, positioned within a stone’s throw of York St John University and only a short walk from the city centre.

Both properties are ideally located to capture consistent student demand, with easy access to the University of York further strengthening long term occupancy. This is a turnkey investment with immediate income and strong underlying fundamentals.

40 Clarence Street is a substantial period property arranged over three floors and fully let as a six bedroom student house. The property has been taken back to brick and comprehensively refurbished with upgraded insulation, creating a modern and efficient investment. It offers generous room sizes, a large communal living space opening onto a courtyard, modern kitchen and multiple bathrooms.

Hill House is a purpose built six bedroom eco home, also fully let and generating a comparable income. Designed for efficiency, it benefits from underfloor heating and solar panels, resulting in low running costs. The layout is well suited to student living with an open plan communal space and duplex style bedrooms.

The combined portfolio provides a balanced mix of character and modern accommodation, appealing to a broad tenant base and offering a resilient income stream.

Offered at £1,250,000, the portfolio produces a gross yield of approximately 9.14 percent, presenting an excellent opportunity to acquire a prime central York investment with strong returns and long term demand.

ANTI-MONEY LAUNDERING COMPLIANCE

We are legally required to conduct Anti Money Laundering checks on all purchasers, sellers, and giftors. 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 and per giftor 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.

Freehold HMO Development
Two Adjoining Buildings
Twelve Bedrooms
Four Bathrooms
Gross Yield of 9.14%
Located Behind St Johns University
EPCS B and C

12 Bedrooms   |   4 Bathrooms   |   2 Receptions