Franklin Mount, Harrogate, North Yorkshire, HG1

An infrequent and highly attractive investment opportunity to acquire a substantial double fronted Victorian town house, currently arranged into six apartments and enjoying a long-established history as a successful buy-to-let investment.

An infrequent and highly attractive investment opportunity to acquire a substantial double fronted Victorian town house, currently arranged into six apartments and enjoying a long-established history as a successful buy-to-let investment.

With potential minimum income of £46,500.00 per annum (6.64% based on guide) when fully let. Currently with 4 apartments let and 2 vacant, the property generates £31,980.00 per annum gross. The property offers considerable scope for rental growth, with current income levels considered to be significantly below prevailing market rents and with potential for refurbishment and reconfiguration presenting investors with an excellent opportunity to enhance returns through modernisation and revised tenancy terms.

The impressive period building retains a wealth of character, original features and presence and offers spacious accommodation throughout. Each apartment provides well-proportioned and thought out living space, appealing to a wide range of tenants and ensuring consistent rental demand.

Of particular note is the extensive basement level, which offers enormous potential for further development, reconfiguration or additional accommodation, subject to the necessary planning permissions and building regulation approvals. This untapped space could provide a substantial uplift in both income and overall asset value. Additionally there is a large rear car park with vehicle access via the rear of Studley Road.

Opportunities of this scale and potential are increasingly rare, particularly with such strong existing income and clear value-add prospects. The property will undoubtedly appeal to seasoned investors, developers and portfolio landlords seeking a sizeable income-producing asset with future development potential and growth.

Offered to the market with the benefit of an established rental history and enormous scope for further growth and improvement, the current occupancy is:

Apt 1. Let on Periodic Tenancy from 8th May 2025 @ £650.00pcm.
Apt 2. Let on Periodic Tenancy from 21st June 2025 @ £595.00pcm.
Apt 3. Let on Periodic Tenancy from 16th Dec 2024 @ £625.00pcm.
Apt 4. Vacant. Last Let at £610.00pcm.
Apt 5. Let on Periodic Tenancy from 25th April 2025 @ £795.00pcm
Apt 6. Vacant. Last let at £600.00pcm.

Tenants are liable for council tax, water, sewage and electricity charges.

Council Tax Band A, for flats 1, 2, 3, 4 and 6.
Band B for Flat 5.

The property is located in the centre of the historic Spa town of Harrogate, having an extensive range of restaurants, bars and shops, both independent and chains. With a wide and diverse range of leisure and cultural facilities, numerous supermarkets, and a broad range of superb schools – both state and independent. Harrogate is well connected by road, with the A1(M) eight miles from the centre, providing easy access to the north and south, whilst the mainline station offers direct services to London Kings Cross in three hours.

The property is situated within 3 miles of the beautiful RHS Harlow Carr and 4 excellent golf courses at Pannal, Harrogate, Oakdale and Rudding Park. The stunning countryside and villages of Nidderdale Area of Outstanding Natural Beauty, with its many walking, cycling and riding routes, is within easy reach.

What3words /// decay.shops.silver

Mains electricity, water and drainage are connected.

Mobile coverage
EE Vodafone Three O2

Broadband
Basic 29 Mbps Superfast 77 Mbps Ultrafast 1800 Mbps

Satellite / Fibre TV Availability
BT Sky Virgin