Carver Residential says ..

Property Oracle says ..

This two-bedroom apartment located at Gate House, 49-51 High Street, Northallerton, North Yorkshire, is currently listed for £122,000. The property is described as spacious and benefits from gas central heating and double glazing. The provided photographs reveal a modern, well-presented interior with a contemporary kitchen and bathrooms. The apartment has an open-plan living and dining area, and two bedrooms, both appearing comfortable and well-furnished. The apartment also benefits from a second bathroom/toilet. The main selling point besides the relatively well maintained property, is the fact the property is currently rented out, generating income of £7920 per annum. This makes it an attractive proposition for investors. The location on the High Street in Northallerton offers convenient access to local shops, amenities, and transport links such as the Northallerton train station, which is approximately 1.21 KM away. The proximity to several schools, including Applegarth Primary School (0.53 KM) and Hambleton/Richmondshire Pupil Referral Service (0.50 KM), further enhances its appeal for families and those working in the area. However, being an apartment does not provide a private garden, and the exact square footage is not available for comparison purposes. The property’s value is further supported by the nearby listed properties. While nearby streets such as Byland Avenue and Racecourse Lane show higher average prices this is consistent with the higher average size of those properties, and so doesn’t affect the value proposition of this property. In conclusion, this apartment appears to be a decent investment opportunity, with a good balance between price, location and rental potential. Due to the limited information provided, potential buyers should conduct a thorough survey and check the lease terms.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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