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£950,000
Bedrooms
Bathrooms
Nestled on the picturesque Queen Annes Road, just moments away from Yorks historic city centre and charming Bar Walls, this distinguished eight-bedroom guesthouse is on the market for the first time in 20 years. The current owners, dedicated to shifting their focus towards family life, present a unique opportunity for new proprietors to take the reins of this well-established, family-run enterprise. The property also lends itself to residential buyers looking to transform this wonderful property into a family home or investors considering conversion.
Spanning three floors, the property combines commercial potential with classic elegance. As you step through the grand entrance hall, you are welcomed into a front-facing breakfast room, perfect for hosting guests, which seamlessly connects to a dedicated office space via the internal hallway. The heart of the ground floor features a well-equipped kitchen and utility area, ideal for managing daily operations.
Towards the rear, a self-contained one-bedroom apartment originally served as the owners living quarters. This apartment includes an ensuite shower room, a compact kitchenette, and a private living area, offering versatility as an additional guest space or managers accommodation. The apartment also provides direct access to a secluded private courtyard.
The upper floors boast seven ensuite bedrooms, each with its own unique views over the enchanting cityscape of York. These rooms are designed to cater to varying guest preferences, enhancing the guesthouses appeal.
Externally, the property benefits from ample parking, with six designated spaces at the front and additional open-use spaces to the rear. This feature ensures convenience for guests and underscores the guesthouses accessibility.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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