- Investment Opportunity +
- 4 Bedroom End Terraced Property +
- Gross Yield 8.3% (Exc. utility bills) +
- ROI: 9.9% +
- Projected Cashflow PCM: £259.38 +
- RENT: £650pcm (Exc utility bills) +
- Walking Distance To Amenities +
- Tenanted to a Professional Family +
We believe this property works best at 75% or less based on an interest rate of 4%.
This is a spacious 4 bedroom end terraced property. The property is of traditional brick and tile construction and has been refurbished recently. The property is located off Hessle Road and is a short walk from amenities including local shops, pubs, a gym and a large supermarket. There are multiple bus stops and routes close by.
The windows to the property are all UPVC double glazed as is the front door, with solid wood back door. The property has gas central heating, with an Ideal combi-boiler installed in 2021 which is located in the second bedroom.
The recent refurbishment works included new modern kitchen, new bathroom, new flooring, new internal doors, new UPVC front door and full redecoration.
Internally the ground floor accommodation offers entrance hallway with stairs to the first floor, both front and rear facing reception rooms, modern fitted kitchen with base and eye level units and integrated oven and hob.
The staircase provides access to two well proportioned bedrooms on the first floor, as well as a contemporary bathroom, with ladder style radiator and shower over bath. Continuing up the stairs to the second floor, there are two further good size bedrooms.
Externally to the rear of the property is a small, low maintenance, enclosed yard.
The property provides great size family accommodation, and would appeal to a range of potential tenants making this an exceptionally appealing investment opportunity. The property is currently tenanted and is achieving £650 pcm.
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Buyers premium of £3,000 + VAT - payable in two parts:
A non-refundable reservation fee of £1,500 plus VAT
The balance is due upon legal completion (which is collected and paid by the buyers solicitor)