£200,000 /Sale price

ATTENTION INVESTORS - PURCHASE THIS READY MADE INVESTMENT PROPERTY! The Lettings Club are delighted to offer to market this tenanted two bedroom apartment within the well-established and highly regarded residential development, Bishopfields Drive. Presenting a superb opportunity for investors to acquire an already let, income-producing property within walking distance of the historic city of York. A look inside the property: The apartment is thoughtfully laid out to maximise both space and natural light, creating a welcoming and comfortable living environment. The main reception room is bright and generously proportioned, offering ample space for both relaxing and dining, with large windows and french doors with access to a small balcony further enhancing the airy feel of the property. The adjoining kitchen is well-equipped with a range of fitted units and work surfaces, providing functionality for modern-day living. Both bedrooms are doubles, appealing to a wide tenant demographic including professionals, couples, and small households. The main bedroom offers generous proportions and an en-suite wash room, while the second bedroom is versatile—ideal as a guest room, home office, or additional sleeping space. A contemporary bathroom suite, finished in neutral tones, serves the apartment and is in good condition. The property has a number of other benefits worth mentioning, including; - A recently upgraded gas boiler (2024) - Some furnishings included in sale, details of what's included can be shared upon request - An external storage cupboard adjacent to the property for spill over storage External The property benefits from allocated parking—an increasingly valuable feature in York. The development itself is well maintained, contributing to the overall appeal and long-term desirability of the property. Location: Located within walking distance of York city centre, Bishopfields Drive enjoys excellent connectivity, with straightforward access to the historic city centre, York train station, and major commuter routes including the A59 and outer ring road. The area is well served by local amenities, including shops, supermarkets, schools, and leisure facilities, all of which contribute to strong and sustained tenant demand. York’s thriving rental market, driven by its rich heritage, strong employment base, and excellent transport links to cities such as Leeds, Manchester and London, continues to make it a hotspot for property investment. This apartment represents a rare opportunity to acquire a low-maintenance, high-demand rental property with immediate returns and long-term growth potential. Financial breakdown: Price: £200,000 (Offers over) Occupancy: Tenanted Gross rent: £15,000PA Gross yield: 7.5% Service charge: £1800PA inc. insurance (Approx, unconfirmed) Ground rent: £125PA (Approx, unconfirmed) Virtual viewing available