3 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Freehold
- Reservation Fee Applicable
- T&C's
- Capitalise on Hull's thriving rental market with this turnkey investment property.
- Hassle-free ownership with guaranteed returns and no management fees.
- Close proximity to trendy café bars, boutique shops, and restaurants.
- Located in the vibrant heart of Hull's popular Newland Avenue.
- Three-bedroom property suitable for various tenant demographics.
- Free property management services provided by Lets Rent Hull.
- Guaranteed rental income of £8,500 per annum for two years.
- Prime investment opportunity with tenant already in place.
*Guide Price £90,000 - £100,000 plus Reservation Fee*
Investment Opportunity with Tenant in Situ:
Situated in the vibrant heart of one of Hull's most sought-after areas, this three-bedroom investment property presents an attractive opportunity for discerning investors. Located on Newland Avenue, renowned for its bustling atmosphere and eclectic mix of café bars, shops, and restaurants, this property offers both convenience and potential for steady returns.
Key Features:
- Three-bedroom investment property
- Tenant in situ, providing immediate rental income
- Guaranteed rent of £8,500 per annum for two years
- Free property management services included through Lets Rent Hull
- Prime location on Newland Avenue, Hull's vibrant hub
- Close proximity to a diverse range of amenities and attractions
Description:
This property presents a rare opportunity to acquire an investment asset with a reliable tenant already in place. With the current owner guaranteeing the rent at £8,500 per annum for the next two years and offering free property management services through Lets Rent Hull, investors can enjoy peace of mind and hassle-free ownership.
The property itself boasts three bedrooms, making it suitable for a variety of tenant demographics. Whether targeting young professionals, students, or families, the versatile layout and convenient location appeal to a wide range of renters.
Situated in the heart of Newland Avenue, residents benefit from easy access to an array of amenities. From trendy café bars to boutique shops and popular restaurants, everything residents need is just steps away. The vibrant atmosphere of the area ensures strong demand for rental properties, making this investment opportunity particularly appealing.
Overall, this investment property offers a rare combination of immediate rental income, guaranteed returns, and prime location. With the added benefit of free property management services, investors can capitalise on Hull's thriving rental market with confidence.
Guarantee Rent Agreement:
This agreement acknowledges that the seller is the owner of Eurolets Hull Ltd, operating under the trading name Letsrent-hull. The agent, provided the purchase price exceeds £95,000, agrees to the following terms:
1. A five-year management agreement will be established between the buyer and the sellers.
2. The agent/seller will pay the buyer a monthly rent of £8,500, paid in monthly instalments, with no management fees applicable for the first twelve months.
3. In the second year, no management fees will be charged, and the property will continue to be let at the highest market rent achievable by the agent/seller.
4. For the third, fourth, and fifth years, the property will be let at the highest market rent achievable by the agent/seller, with a management fee of 10% plus VAT.
5. This agreement is exclusive to the buyer and is non-transferable in the event of the buyer's subsequent resale of the property.
Disclaimer
Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% to a minimum of £2500 plus VAT. The Reservation Fee is paid on top of the purchase price & deemed a part of the chargeable consideration when calculating Stamp Duty for the property.
The property has a Ready Sale Pack, which gives additional information regarding the property. It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.
The Buyer is required to verify their ID & show proof of funds.
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*DISCLAIMER
Property reference S894024. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Rezee - Hull.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 17, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 2, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on November 24, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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