Harrogate, HG2 7JJ | Investment Property for Sale | VES-HG2-001

Opportunity to purchase an apartment in Harrogate generating £8,340 rent pa & gross yield of 4.2%

£200,000

Apartment

VES-HG2-001

INITIAL INVESTMENT

£58,500

Based on

deposit: £50,000

stamp duty: £6,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£8,340

GROSS YIELD

4.2%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£250

SERVICE CHARGE

£960

2 bedrooms

2 bathrooms

1 reception room

735

Unfurnished

Leasehold information

  • Length of lease: 250 years
  • Year lease started: 2017

Property information

  • Located on the ground floor
  • Open plan kitchen/living room
  • Main bedroom comes with an ensuite shower room
  • The property was fully renovated in 2017
  • EPC rating D
  • Monthly rental income £695

Location information

  • The property is located in the Starbeck area of Harrogate
  • Starbeck railway station is a short 2-minute walk from the property
  • Harrogate city centre is approximately a 10-minute car journey away

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Tenancy

RENT

£8,340 p.a. / £695 pcm

TENANCY DEPOSIT

£800

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

6 months ago

TENANCY AGREEMENT ENDS

7/23/2021

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Harrogate, North Yorkshire

Harrogate is spa town in North Yorkshire, England and was known as The English Spa in the Georgian era. The town is well connected via the road network, the A61 which runs through town and connects it to Leeds and Ripon. The A59 connects Harrogate to York and Skipton, while the A658 goes to Bradford. Wetherby and the A1(M) can be reached via the A661.

There are four railway stations, all of which are on the Harrogate Line. The stations are Harrogate, Hornbeam Park, Pannal and Starbeck. Northern Trains run services from Leeds to York railway station, whilst London North Eastern Railway runs a 2-hourly service to London King’s Cross.

The closest airport is Leeds Bradford Airport, which is around 10 miles outside of Harrogate. It can be reached via bus service, car or train services. Manchester Airport is also accessible by train via Leeds.

Harrogate is a popular tourist destination, and its visitor attractions include the spa waters, the RHS Harlow Carr gardens, the Royal Pump Room Museum, Valley Gardens Harrogate, Ripley Castle, Knaresborough Castle and Mercer Art Gallery. The Yorkshire Dales national park is around 13 miles outside of town as well as the Nidderdale Area of Natural Beauty. Both offer great opportunities for outdoor activities.

Culture is being provided by Harrogate Theatre, which opened its doors in January 1900 as Harrogate Grand Opera House, whilst the Harrogate International Festivals is Yorkshire’s longest running arts festival which runs a varied programme throughout the year. Harrogate also has two orchestras, the Harrogate Symphony Orchestra and the Harrogate Philharmonic Orchestra.

The local economy is very varied and includes the conference & exhibition industry with Harrogate International Centre, the third largest fully integrated conference and exhibition centre in the UK. Other major conference centres include Great Yorkshire Showground and Pavilions of Harrogate.

Harrogate is also the home of Yorkshire Tea which is being exported by Taylors of Harrogate and Harrogate Spring Water, which is being exported internationally. Other export products include Farrah’s Toffee, Harrogate Blue cheese and Debbie & Andrews Harrogate sausages. There are also a large number of hotels in town for visitors of these centres and the town’s spa.

Forest Avenue,

Harrogate,

North Yorkshire,

England,

HG2 7JJ

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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