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3 bedroom semi-detached house for sale
Cranbrook Road, York
£375,000
Cranbrook Road, York
£375,000
Price History
Initial price | £450,000 |
27/02/24 | £425,000 |
02/05/24 | £399,999 |
24/08/24 | £375,000 |
Price Change | -16.67% |
Description
This investment opportunity presents three self-contained one-bedroom flats, all currently rented, generating an annual income of over £24,000 and a yield of over 6% at the asking price. The flats are situated within a leasehold company, allowing for the potential sale of individual units in the future. Each flat has its own unique features, including private gardens, patio doors, and spacious rooms. The property also benefits from communal areas, including a bike store and meter cupboard, as well as a gravelled front area suitable for parking multiple cars. With individual leasehold titles and a freehold title to the whole property, this investment offers flexibility and potential for future growth.