4 bedroom flat

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• PRIME NEW LISTING. We are excited to present this fantastic development opportunity. *PRIME DEVELOPMENT OPPORTUNITY*

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• *20, Bentley Grove, Hull, City Of Kingston Upon Hull HU6 8NP £122,000. 15, Rowley Grove, Hull, City Of Kingston Upon Hull HU6 8PE, £135,000*

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• Once renovated could achieve a rental income of £675 - £725 pcm per flat or £32,400 - £26,400 pa. Excellent yield potential of 13-13.9% if achieved for guide price *HIGH YIELD*

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• For those looking for a great project with vast potential to add value and still have high cashflow after refinance *BRRR STRATEGY*

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• The property could be a unique Serviced Accommodation which could generate £75 per room per night *HIGH CASHFLOW INVESTMENT*

PRIME NEW LISTING. We are excited to present this fantastic mixed use investment opportunity. *PRIME DEVELOPMENT OPPORTUNITY*

Property currently has 2 turnkey flats ready to be occupied and let out on the upper level. There is currently approved planning permission in place to convert the 2 downstairs hops into 2 x 1 Bedroom flats. 24/00172/COU - Planning permission.

Property currently comprises:

Ground Floor: A blank canvas with planning permission in place for a change of use to convert the current 2 shops into 2 x 1 bedroom flats.

First Floor: 2 x 1 bedroom flats ready to be let out. Both come with a kitchen, living room, spacious double bedroom and a bathroom *WALK-IN CONDITION*

Sure to appeal to investors looking for a great project with vast potential depending on strategy.

Here is the link to all of the relevant documents about the currently approved planning permission:


The property could be an attractive serviced accommodation which could achieve £75 per room per night once renovated. If occupied at 70% this would generate in excess of £76,000 a year. This would produce a high cashflow producing asset. *HIGH CASHFLOW INVESTMENT*

The property has a variety of uses and could be used for a variety of different property strategies.

If fully converted into residential properties there is scope to finish with 4 x 1 bed flats. Once renovated, for rental purposes the flats could achieve a rental income of £675 - £725 per month per flat or £32,400 - £26,400 per year. Excellent yield potential of 13-13.9% if achieved for guide price *HIGH YIELD*

For those looking for a great project with vast potential to add value and still have high cashflow after refinance *BRRR STRATEGY*

Sales comparables:

*20, Bentley Grove, Hull, City Of Kingston Upon Hull HU6 8NP £122,000. 15, Rowley Grove, Hull, City Of Kingston Upon Hull HU6 8PE, £135,000*

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” button on our website.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location:

Hull is a vibrant, up-and-coming city with a unique blend of rich history and modern innovation. Known for its stunning waterfront, Hull offers an exciting array of cultural attractions, including museums, galleries, and theaters, making it a hub for creativity and the arts. The city is also home to beautiful parks, fantastic local restaurants, and a thriving food scene, giving residents a great quality of life. With excellent transport links, including a bustling port and easy access to surrounding countryside, Hull offers a perfect balance of urban living and natural beauty. The affordable cost of living combined with a strong sense of community makes it an increasingly desirable place to call home.