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Flat for sale - 1 bedroom

1 1 1 EPC Rating: D

Tenure:

Leasehold

Time remaining on lease:

Not available

Service charge:

Not available

Ground rent:

£250

Council tax band:

Property features

Sold with Tenant in Situ Achieving £450pcm
Well Maintained Spacious Flat
Leasehold
Cosmetically Enhanced
Good Transport Links to the City Centre
Perfect Addition for Portfolio Landlord or New Investor

Property description

Investor Alert. An opportunity to either start a portfolio, or add one, with a rental offering gross yield of nearly 11%.

A ground floor one bedroom apartment in a building with 3 other rental properties. Situated in a popular rental area close to Hull Royal Infirmary and kcom stadium with easy access to shops and public transport.

The building has had exterior works including: Roof, guttering and partial rendering. This apartment has had new flooring, new electric heating system, new extractor fan and is newly re-decorated throughout. It has uPVC double glazing and a small but functional fitted kitchen.

This property is being sold with tenant in situ, paying £450pcm.

Council tax band A.

This is a leasehold property, we are informed that the leasehold details are:

Lease Length - 125 years remaining from 2016

Ground Rent - £250 per annum, plus 25% building insurance which in 2024 was £354.67.

Both ground rent & building insurance have been paid for 2024 and included as part of the sale.

Property info

Floorplan(s): Floorplan 1

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Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Lime Property, and do not constitute property particulars. Please contact Lime Property for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.