At REALM 47, we are thrilled to present this fantastic opportunity for our clients to acquire a brand new apartment situated to the West of York City Centre. The property offers tremendous potential as a buy-to-let investment, complete with an allocated parking space.
This York property investment opportunity is a modern, high-quality one-bedroom apartment, featuring an open-plan kitchen, dining, and living area, a double bedroom, a shower room, and a utilities cupboard.
There are many advantages to purchasing a brand-new property as an investor, with one of the key benefits being the low ongoing maintenance costs, which lead to higher and more consistent cash flow.
‘York Central’ is located behind Marlowe House, the largest development of a brownfield site in the UK, transforming unused land into a commercial, leisure, and residential hub. The project also includes plans to enhance the Railway Museum, with aspirations to elevate it from the ‘National’ Railway Museum to the ‘World’ Railway Museum. While York Central is a 10-year project, the positive impact will create a ripple effect on properties surrounding the site, and we anticipate Marlowe House will benefit from additional price growth as a result.
Originally built as commercial offices, Marlowe House has been transformed by the developer, Helmsley Group, into much-needed residential apartments. Working with Artium Group, the lead contractor, they have adhered to the current, stringent building regulations, particularly those set out for green standards, soundproofing, and fire safety.
Each of the apartments we have available comes with an allocated parking space. A significant benefit as most city centre apartments do not include parking, which is often an additional cost of around £25,000 per space, making this investment opportunity in North Yorkshire even more appealing and valuable. From our experience, many guests visiting York travel by car, and being able to offer on-site parking will set your property apart from the competition.
Situated on the ground floor of the building, the apartment features a modern open-plan kitchen, living, and dining area – perfect for entertaining. The double bedroom is accessed from the lounge area, as is the stylish shower room. A utility cupboard, located off the kitchen, houses the large electric hot water tank. Thoughtful practical details include USB points in the power sockets, downlights in the kitchen, and integrated appliances for a sleek, seamless look.
We have provided a floor plan of the property, along with a plan showing the location of the parking space, bin store, and bike storage room.
The property is being offered on a leasehold tenure, with a new 250 year term. The service charge is £1,000 per annum, and no ground rent is payable.
Marlowe House is situated on the outskirts of the centre, just a short walk of approximately 15-20 minutes to the train station and 25 minutes into York City Centre.
Poppleton Road benefits from a range of local amenities, including a convenience store just moments away, as well as a bus route in and out of the city centre, taking approximately 10 minutes to reach the train station.
By car, Marlowe House is easily accessible via several routes, allowing for the avoidance of traffic or roadworks.
More Information
To receive our comprehensive brochure please register on our exclusive buyers database here. If you have already registered, please contract Jamie Maguire, our York Agent, who will gladly email the brochure to you.
Agent: Jamie Maguire
jamie.maguire@realm47.com
01904 946889
