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Fulford Road, York

£1,549,000
  • 11 Bedrooms
  • 11 Bathrooms
  • Type: Apartment
  • Availability: For Sale
  • Tenure: Freehold

Property Features

  • FREEHOLD INVESTMENT OPPORTUNITY
  • PERFECT LOCATION FOR HOLIDAY LETS
  • FORMALLY TWO LARGE TOWNHOUSES
  • COULD BE OPERATED AS HIGH END B&B
  • GREAT FOR LONG TERM GROWTH
  • 6 APARTMENTS
  • 4 PARKING SPACES
  • FANTASTIC LOCATION
  • £220,000 POTENTIAL RETURN
  • 14.6% POTENTIAL RETURN
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Property Summary

** 6 APARTMENTS AND FREEHOLD OPPORTUNITY ** POTENTIAL RETURNS OF 14.6% ** CLOSE WALK TO YORK CITY CENTRE **

Full Details

SUMMARY The Fulford Road Development is located on Fulford Road. A short walk from the River Ouse and the stunning City Centre of York. The location is perfect for both long term residents and short term holiday makers/business visitors as it has a wealth of local facilities as well as the city cent on its door step. Notable local landmarks are the river ouse walk, Clifford's Tower and the Castle Museum, all a short walk away.

The development was formerly two large turn of the century townhouses, number 71 and number 73 Fulford
Road. Once grand residences the properties were more recently operated as boutique bed and breakfasts before the current development took place. The new development has extensively renovated both
properties and now offers a unique range of properties.

Number 71 has been converted into 4 apartments, a spacious one bedroomed apartment benefiting from a large bay window to the front of the property on the ground floor, a two bedroomed apartment on the first floor, a two bedroomed duplex to the rear over the ground and first floors and the second and third floors have been designed into a stunning 3 bedrooms duplex penthouse with loft style living space and balcony.

73 is two further apartments both with their own access. A lower ground floor exceptionally sized one bed apartment and a two bedroomed maisonette arranged over 3 floors.

THE PERFECT LOCATION The world on your doorstep. In the heart of the UK and one of its best connected small cities, Fulford Road is 20 minutes from Leeds, and under 2 hours from London, Manchester and 4 International Airports.

York is pioneering CityFibre's first city-wide fullfibre infrastructure project and is their UK flagship Gigabit City. - connecting people across the city to access speeds up to 100 times faster than the UK
average.

Global Connections
YORK IS THE CULTURAL GATEWAY TO THE NORTH OF ENGLAND. Superbly sited within the famous city walls, a stone's throw from the station with beautiful streets, vibrant communities and world-class culture on your doorstep, Fulford Road will be an inspired choice for those seeking unrivalled city living… and working.

THE POTENTIAL The development offers a very rare opportunity to acquire a completed development with superb long term
investment potential from both an income and a capital growth perspective. York has always had a strong rental market but in more recent years its short term let potential has flourished.

As Englands 2nd most visited City with 8 million visiting tourists a year with an average of a 3 night stay combined with a strong corporate short term let market fuelled by the insurance and rail industries alongside the universities,

Yorks short term let market is able to offer returns that far outstrip those of traditional long term rentals

Estimated returns 14.6%