1 Bed Apartment House For Sale Bower Road, Harrogate, HG1

£500,000- Apartment

1 of 11
  • Description
  • Floor Plan
  • Street View
  • Maps
Last Updated: 19th June 2024

Description

ATTENTION INVESTORS - A fantastic INVESTMENT opportunity to purchase a block of 4 immaculately presented, town centre, one bedroom apartments, with a long track record of producing a healthy return on assured shorthold tenancies. AIRBNB PERMITTED.

\rATTENTION INVESTORS - A fantastic opportunity to purchase a block of 4 immaculately presented town centre, one bedroom apartments with a long track record of producing a healthy return on assured shorthold tenancies. AIRBNB PERMITTED.

A fantastic opportunity to purchase these leasehold apartments and a useful office space (by additional negotiations) bring huge value, that can be used as storage for running airbnb's, an office or central working hub.

The apartments have uPVC double glazing throughout, gas fired central heating, security door intercom system and all have been finished to a good standard including sound proofing.

An internal inspection is recommended to fully appreciate the building on offer.

The ground floor on either side of the front door is to be a new fully revamped work hub.

Situated in the heart of the town centre, thus being ideally located for access to an array of excellent shops, restaurants, theatre, bus and rail stations with regular services to York, Leeds and beyond.

Tenure:

All flats on 999-year leases.

Ground rent of £25 pa. Review every 3 years. Maximum increase 2.5% pa.

Service Charge:

Insurance charged at invoiced cost - £115 pa. 12.5% of total building insurance costs.

Fire Alarm Servicing charge charged at invoiced cost for flats own system - £100 p.a. for 4 flats.

Cleaning of communal areas charged at invoiced cost £40 p.c.m. for flats.

The building is located in the centre of the historic Spa town of Harrogate, having an extensive range of restaurants, bars and shops, both independent and chains. With a wide and diverse range of leisure and cultural facilities, numerous supermarkets, and a broad range of superb schools – both state and independent. Harrogate is well connected by road, with the A1(M) eight miles from the centre, providing easy access to the north and south, whilst the mainline station offers direct services to London Kings Cross in three hours.

\rWhat3Words taps.fight.sang

\rAll mains services are connected.

Mobile Coverage:
EE
Vodafone
Three
O2

Broadband:
Basic 16 Mbps
Superfast 80 Mbps
Ultrafast 1000 Mbps

Satellite / Fibre TV Availability:
BT
Sky
Virgin

\r
Agent Details
Feather Smailes Scales
8-10, Raglan Street, Harrogate, HG1 1LE
Show Contact Number
01423 501 211

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this 1 bedroom property. See more properties like this.

£270,000
Harrogate, HG1
Terraced
8.1
£270,000
Harrogate, HG1
End Of Terrace
8.1
£195,000
Harrogate, HG1
Semi Detached
7.9
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested