Six apartments in Fulford Road come with £1.65m price tag

The development was once two turn-of-the-century townhouses which offered boutique bed and breakfasts more recently, before being extensively renovated.

The agent, Zenko Properties, Leeds, said the sale of numbers 71 and 73 Fulford Road, Fishergate - 'once grand residences' - offer 'superb long-term investment potential from both an income and a capital growth perspective'.

It is one of a number of business investment opportunities which have come on the market recently, including the rare chance to buy a caravan park near Whitby for £1.5m.

York has a long-standing strong rental market while short-term lets have also flourished recently. The location close to York city centre, local facilities and attractions such as Clifford's Tower, is likely to appeal to residents and short-term holiday makers or business visitors.

The conversion of Number 71 has created four apartments; a one bedroomed, ground floor apartment; another with two bedrooms on the first floor; a two bedroomed duplex to the rear over the ground and first floors; and a duplex three-bedroom penthouse on the second and third floors with loft style living space and a balcony.

Number 73 is two further apartments; a lower ground floor one bed apartment; and a two bedroomed maisonette over three floors.

The properties have four parking spaces in total.

The agent highlights York's global connections as a key selling point, alongside its reputation as 'the cultural gateway to the north of England', with about eight million visitors a year pre-Covid.

The sales details say: 'An average of a three-night stay, combined with a strong corporate short-term let market, fuelled by the insurance and rail industries alongside the universities, York's short-term let market is able to offer returns that far outstrip those of traditional long term rentals'.

With a 10 per cent deposit, and a 2.4 per cent annual interest rate, monthly repayments would be £6,588 over 25 years.