3 bedroom semi-detached house for sale

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3 bedroom semi-detached house for sale

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.