Summary - Flat, 71, Micklegate YO8 4ED
3 bed 1 bath Flat
Immediate rental income from a well‑sized three‑bed flat near town centre amenities.
Three double bedrooms and large reception room, generous floor area (c.1,044 sq ft).
Tenants in situ yielding approx. £650pcm; tenancy until Nov 2025.
Long lease: approx. 141 years remaining; nominal ground rent £1pa.
No service charge; annual building insurance approx. £100.
EPC rating D — potential for energy improvements to boost value.
Street parking only; no private garden or off-street parking.
Local area: very high crime rate and higher deprivation — investment risk.
Fast broadband and excellent mobile signal, close to town centre amenities.
This first-floor, three-double-bedroom apartment in central Micklegate, Selby, is presented specifically as an investment opportunity. With tenants in situ and a fixed income of £650pcm until November 2025, it currently produces an approximate 6% gross yield at the asking price. The long lease (about 141 years remaining) and nominal ground rent keep ownership costs low.
The flat offers generous internal space for its type — a large principal reception, separate kitchen and three double bedrooms within c.1,044 sq ft. Neutral, modern finishes and plentiful natural light make it readily lettable without major cosmetic work. Practical benefits include gas central heating, double glazing and fast broadband/mobile connectivity suitable for city/renter demand.
Material points for buyers: the property is leasehold (141 years left) and sold as an investment with tenants in place — viewings will be subject to tenancy terms. The local area shows high crime levels and higher deprivation indicators, which should be considered when forecasting rent growth or resale expectations. EPC rating D is middling; upgrading could improve running costs and appeal.
Overall this flat suits an investor seeking a low-maintenance, income-producing asset close to Selby town centre. The combination of long lease, low ongoing charges and immediate rental income makes it a straightforward addition to a rental portfolio, but purchasers should factor in local market risks and plan any energy or security improvements accordingly.
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