Summary - 31, Park View, HARROGATE HG1 5LY
7 bed 1 bath Residential Development
Freehold seven-flat development in central Harrogate — refurbishment required, income potential.
Seven self-contained flats/studios in one Victorian stone mid-terrace
A substantial Victorian mid-terrace in Harrogate town centre, offered as a freehold development with seven self-contained flats and studios. The building has period stone elevations, high ceilings and bay windows that appeal to tenants attracted to character homes close to central amenities and transport. When fully let previously, the property produced around £45,000 per annum, showing clear income potential for an investor.
The block is sold as a refurbishment opportunity. Several flats are currently let at modest rents (examples £450–£650 pcm) while one unit is vacant; the accommodation would benefit from an overhaul to modern standards to maximise rental value and yield. Existing services are mains gas with boiler and radiators; double glazing is installed but predates 2002 and the original stone walls are likely uninsulated.
Buyers should note material issues plainly: the building needs renovation, some rooms show signs of wear and possible mould risk, and energy ratings vary across flats (C–E where recorded). The area is affluent and well connected, but recorded local crime is above average — a factor for tenant screening and insurance costs.
For an investor or small developer this is a compact portfolio on a small plot with a rear courtyard and bin store, offering scope to refurbish, re-let and rebase rents. Planning for internal upgrades, insulation, and energy improvements will be needed to unlock higher returns; the freehold sale and central HG1 address make the site straightforward to manage once upgraded.
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