With the exception of one property that we felt was too good an opportunity to miss, this article is heavily focused around apartments due to the popularity they have with tenants as well as the fact that they generally cost less than houses.
*Opportunity of the Week* Minster Avenue, YO31 – £280,000 (Rental Yield of 10.6%)
This is a 5-bedroom licensed house of multiple occupancy that is currently let to 5 working professionals and is achieving an approximate rental income of £29,850 per annum. Based on this figure, there is an achievable rental yield of 10.6%!
The semi-detached property resides in the sought-after area of Huntington which benefits from many local amenities and boasts easy access to the city centre.
For more information: https://www.rightmove.co.uk/property-for-sale/property-84293249.html
Sirocco Court, YO31 – £110,000 (Rental Yield of 6.5%)
This 1-bedroom apartment is located perfectly for staff working at York Hospital or Nestle, with both just a short walk away. With an approximate monthly rental income of £595, the achievable rental yield on this property is at 6.5%.
Offered with no forward chain, this delightful ground floor apartment is an ideal opportunity to start to build a property portfolio.
For more information: https://www.rightmove.co.uk/property-for-sale/property-73652029.html
Acomb Road, YO24 – £115,000 (Rental Yield of 6.3%)
Due for completion by the end of Summer 2019, this studio apartment epitomises modern city centre living. Set within a newly converted development on Huntington Road, access into the city centre as well as the railway station means the apartment is located perfectly for the commuter. Based on an approximate rental income of £600pcm, a rental yield of 6.3% can be achieved with this investment.
For more information: https://www.rightmove.co.uk/property-for-sale/property-82195538.html
Kettlestring Lane, YO30 – £120,000 (Rental Yield of 6.5%)
Located within a modern development on Clifton Moor, this open plan 1-bedroom apartment is finished to a high standard and benefits from an allocated car parking space, bike storage and an electric charging point for a car.
Once again, this property is perfect for the commuter as it boasts convenient access to the A59, A64 and A19, as well as frequent public transport links to the city centre. Based on an approximate rental income of £650pcm, a rental yield of 6.5% can be achieved.
For more information: https://www.rightmove.co.uk/property-for-sale/property-77831681.html
Station Square, YO32 – £134,950 (Rental Yield of 6.2%)
Located within the sought-after village of Strensall, this 2-bedroom ground floor apartment is the largest of the apartment opportunities that have been highlighted in this article. Plentiful amenities are within the immediate area, including such facilities as shops, pubs and a school. As well as this, access to the city centre, the outer ring road and the A64 is convenient, and regular transport links into the city are available.
Based on an approximate rental income of £700pcm, a rental yield of 6.2% is achievable with this investment.
For more information: https://www.rightmove.co.uk/property-for-sale/property-72217789.html
If you would like any form of advice on buy to let opportunities in York, please call our office on 01904 231022 today!
