This substantial double-fronted Victorian townhouse presents a rare investment opportunity, currently organized into six apartments. With an established track record as a buy-to-let property, it is immediately income-generating with a gross annual income of £31,980 from four occupied units, despite two being available for rent. Current rental levels appear significantly below the market average, indicating strong potential for rental increase upon refurbishment and reconfiguration. The building retains numerous original features and ample living space, making it attractive to tenants and ensuring consistent demand.
A notable aspect of this property is the extensive basement area, which offers exciting possibilities for conversion or expansion to create additional living space—subject to necessary planning permissions. The rear car park enhances its appeal further by providing valuable parking options in a highly sought-after location.
This property's prime position within Harrogate ensures access to a variety of local amenities, cultural experiences, and excellent transport links, while the surrounding areas offer beautiful countryside and leisure opportunities. Such properties with significant development potential are becoming increasingly rare in today's market, making this an enticing prospect for investors looking to secure a property with solid existing income and considerable future growth potential.
