- Investment opportunity +
- 2 Bedroom, 1 Bathroom Mid-Terrace Property +
- Gross Yield 14.8% +
- Located on Popular High Street +
- Furnished & Tenanted Until August 2025 +
- Forecast Rent: £1,045.67 pcm (Inc bills) +
We believe this investment property works best with a mortgage at 75% LTV or less based on a mortgage interest rate of 4%.
The property is a traditional 2-bedroom mid-terrace property, spread over 797 square feet.
The front door is a black wooden door, which opens directly into the living room. The large window brings in plenty of natural light and is fitted with dark grey vertical blinds and curtains, which complement the dark grey mottled carpet. This living space leads onto the modern kitchen.
The kitchen is complete with white tiles, white cupboards with silver handles, and a black granite-effect countertop in a galley kitchen style. There is a white-tiled splashback surrounding the sink, which looks out onto the back garden. The freestanding 50/50 split white fridge is located to the right of the sink, opposite the electric hob and single fan oven. At the far end of the kitchen, there is a bar-style countertop with cupboards above it. The flooring in the kitchen is black stone-effect vinyl, which runs through to the utility room and bathroom.
At the bottom left of the kitchen is the utility space, which houses a freestanding washing machine at the back, with a large wooden open-shelf shoe storage rack running along the right-hand side wall. The back door, leading to the outdoor space, is located on the left-hand side of the wall. Directly ahead takes you to the downstairs bathroom.
Consistent with the rest of the property, the bathroom features a neutral design with dark purple roller blinds on the window and a dark grey bath panel. The back wall and the shower wall around the bath have white wall panels, and there is a glass bath shower screen with chrome taps, grip bars, and a shower head. The combi boiler is located in the bathroom.
Externally, the plot is narrow and shaped as an L, with an enclosed hard-surfaced yard to the rear. There is a wooden fence at the back, which opens onto the back lane behind the property.
The staircase can be found between the two living spaces. The entire upstairs area, including the stairs, is carpeted in a dark mottled grey. At the top of the stairs, there is a small landing that leads to both bedrooms.
The bedroom on the right is situated at the front of the property and is the cosier of the two. The bedroom at the front is more spacious and benefits from natural daylight. Both bedrooms offer space for a double bed, wardrobe and desk.
The property meets with current fire regulation requirements having a fire alarm system installed and a fire blanket in the kitchen.
This Hull investment opportunity is well located with Princes Avenue, Newland Avenue and Beverley Road on the doorstep. These roads offer a range of amenities including, numerous highly rated cafes and restaurants; independent shops, Lloyds Bank, Tesco, Sainsburys and a post office.
The property is also within walking distance of the University of Hull, the excellent location means that the property has versatility allowing it to be easily switched between student and working tenants dependent on market demand and owner preference.
The rent includes utility bills, which are managed by an independent utility company, arranged through the property management company.
To receive a copy of the comprehensive brochure please register on our buyers database - visit the REALM 47 website to complete the buyers registration form.
Buyers premium of 3% + VAT is payable in two parts:
- A non-refundable reservation fee of 25% plus VAT or £1,500 plus VAT (whichever is greater)
- The balance is due upon legal completion (which is collected and paid by the buyers solicitor)