2 bed bungalow for sale Forest Way, Harrogate HG2 |
2 bed bungalow for sale Forest Way, Harrogate HG2
£190,000Property features
- Great long-term investment opportunity
- Good potential for capital growth
- Possibilities for extension and refurbishment in the future
- Around 5% gross yield with low maintenance costs
- Straightforward investment, owner wishes to sell and rent back
Property description
Investors! Investors! Come and have a look at this! A charming bungalow set in lovely gardens, with a long-term investment deal available that will yield around 5% gross on a rent-back arrangement with the current owner. Not to be missed! Call today to discuss the possibilities.
An unusual opportunity for a buy-to-let investor to purchase a solid, mature bungalow in a popular area with the benefit of an owner who wishes to rent back the property on completion on a long-term agreement that will produce a gross yield of around 5%.
The retired owner wishes to release equity to allow him to spend time with family abroad, but has a strong attachment to his home and does not wish to move, at least not for a number of years. The owner is capable and willing to look after the gardens and basic maintenance at the property within the terms of the agreement.
This property represents a clear opportunity to create a stable long-term income, with minimal ongoing costs, and excellent potential for future return on investment.
Surroundings
Forest Way is in the popular Forest Lane area of Harrogate, close to open countryside at Forest Moor and to shopping and the railway station at Starbeck.
Services
The property is connected to mains water, electricity, gas and drainage. Broadband internet is available in the area with speeds of up to 152Mb.
Directions
An unusual opportunity for a buy-to-let investor to purchase a solid, mature bungalow in a popular area with the benefit of an owner who wishes to rent back the property on completion on a long-term agreement that will produce a gross yield of around 5%.
The retired owner wishes to release equity to allow him to spend time with family abroad, but has a strong attachment to his home and does not wish to move, at least not for a number of years. The owner is capable and willing to look after the gardens and basic maintenance at the property within the terms of the agreement.
This property represents a clear opportunity to create a stable long-term income, with minimal ongoing costs, and excellent potential for future return on investment.
Surroundings
Forest Way is in the popular Forest Lane area of Harrogate, close to open countryside at Forest Moor and to shopping and the railway station at Starbeck.
Services
The property is connected to mains water, electricity, gas and drainage. Broadband internet is available in the area with speeds of up to 152Mb.
Directions
From Harrogate town centre follow Station Parade to the traffic lights and turn left onto the A59 York Place heading for Knaresborough. Take the second exit at the 'Empress' roundabout and continue on the A59. On crossing the railway crossing at Starbeck take the second right turn at the Co-operative shop onto Forest Avenue. After the allotments take the first turning right onto Forest Rise, and at the t-junction turn left onto Forest Way. No 19 is on the right side where a member of our staff will be waiting.
Property info
Floorplan(s): Floorplan 1
image: http://lc.zoocdn.com/bd37d54957e7b6fd7eecffe38dd2400a549d8588.jpg
Market activity
Last 12 months Any property type
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Average price paid£319,821
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Sales527
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Current average value£344,749(Zoopla Zed-Index)
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Value change£16,139▲ 4.91%Property value data/graphs for HG2
Property type | Avg. current value | Avg. £ per sq ft. | Avg. # beds | Avg. £ paid (last 12m) |
---|---|---|---|---|
Detached | £525,491 | £322 | 3.9 | £484,342 |
Semi-detached | £299,909 | £275 | 3.3 | £286,762 |
Terraced | £267,032 | £248 | 3.2 | £269,408 |
Flats | £241,843 | £279 | 2.1 | £220,760 |
image: http://c.zoocdn.com/dynimgs/graph/market_overview/average_prices/outcode/HG2?primary_brand=zoopla
Current asking prices in HG2
Average: £273,668Property type | 1 bed | 2 beds | 3 beds | 4 beds | 5 beds |
---|---|---|---|---|---|
Houses | - | £196,244 (8) | £294,000 (5) | £400,000 (2) | £825,000 (2) |
Flats | £140,970 (5) | £195,608 (12) | £309,950 (1) | - | - |
All | £140,970 (5) | £195,862 (20) | £296,658 (6) | £400,000 (2) | £825,000 (2) |
Current asking rents in HG2
Average: £960 pcmProperty type | 1 bed | 2 beds | 3 beds | 4 beds | 5 beds |
---|---|---|---|---|---|
Houses | £949 pcm (1) | - | £1,012 pcm (2) | £1,151 pcm (2) | - |
Flats | £886 pcm (4) | £920 pcm (6) | £988 pcm (2) | - | - |
All | £899 pcm (5) | £920 pcm (6) | £1,000 pcm (4) | £1,150 pcm (2) | - |
Fun facts for HG2
Highest value streets | Zed-Index |
---|---|
Fulwith Mill Lane | £1,373,477 |
Park Edge | £1,023,246 |
Throstle Nest Drive | £915,356 |
Oatlands Drive | £895,239 |
Fulwith Road | £813,572 |
Highest turnover streets | Turnover |
---|---|
Cromwell Road | 61.5% |
Alderson Square | 60.0% |
Castle Hill Glade | 54.5% |
West Cliffe Mews | 50.0% |
Grey Street | 48.8% |
What Zoopla users think of Harrogate
Overall rating:
- currently 4.5 stars
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Nearby transport
- Starbeck (0.3 miles)
- Knaresborough (1.2 miles)
- Hornbeam Park (1.8 miles)
- Leeds Bradford International Airport(11.3 miles)
- Durham Tees Valley Airport (35.5 miles)
- Robin Hood Airport (41.3 miles)
- Transporter Bridge South Side (42.0 miles)
- Transporter Bridge North Side (42.1 miles)
- Hull Ferry Terminal (52.7 miles)
Nearby schools
View all schools in Harrogate- Hookstone Chase Community Primary School (0.3 miles)
- Starbeck Community Primary School(0.4 miles)
- Willow Tree Community Primary School(0.9 miles)
- Henshaws College (0.8 miles)
- Harrogate High School (1.2 miles)
- King James's School (1.4 miles)
- Springwater School (0.3 miles)
- The Forest School (1.9 miles)
- Gateways School (6.8 miles)
Note: Distances are straight line measurements
Local info for Harrogate
About the neighbours in HG2
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For more information about this property, please contact
Alexander Gibson, HG1 on 01423 578939 (local rate)
Alexander Gibson, HG1 on 01423 578939 (local rate)