Floorplan
Map5 bedroom apartment for sale
Key information
Features and description
- Three flats in a converted house
- Well maintained and in great condition
- Longstanding tenants in place
- Two bedroom ground floor flat with rear garden access
- Two additional flats on first and second floors
- Communal entrance hallway
- Total rental income of £1,240 per month
- Potential to increase rents to current market values
- Freehold
- Council tax band a
INVITING OFFERS BETWEEN £170,000 - £175,000
This converted house on LOUIS STREET offers THREE WELL-MAINTAINED FLATS, each with LONGSTANDING TENANTS already in place. The property includes a COMMUNAL ENTRANCE HALLWAY, a TWO-BEDROOM GROUND FLOOR FLAT with access to the REAR GARDEN, and TWO ADDITIONAL FLATS across the FIRST AND SECOND FLOORS. With TOTAL RENTAL INCOME OF £14,880 PER YEAR, this is an excellent opportunity for an investor seeking a property with immediate returns and potential for rent increases in line with current market values.
Our Thoughts:
This property is a fantastic investment opportunity for anyone looking to expand their portfolio or step into the buy-to-let market. The house has been converted into THREE INDIVIDUAL FLATS, all in GREAT CONDITION and WELL-MAINTAINED. The tenants have been in place for a long time, which speaks to the quality of the property and the management. The TWO-BEDROOM FLAT on the ground floor is particularly appealing, with its access to the REAR GARDEN, while the other two flats on the FIRST AND SECOND FLOORS are equally well-kept and practical. The COMMUNAL ENTRANCE HALLWAY adds a nice touch, giving the property a sense of cohesion. With a TOTAL RENTAL INCOME OF £1,240 PER MONTH, this property is already generating a solid return. However, there’s room to increase rents to align with current market values, making this an even more attractive prospect for investors.
Owners Thoughts:
We’ve owned this property for a number of years, and it’s been a reliable and steady investment. The flats are all in GOOD CONDITION, and we’ve always ensured they’re WELL-MAINTAINED. The tenants have been with us for a long time, and they’ve taken good care of the property, which has made managing it straightforward.
Tenure
The property is freehold.
Council Tax
Council Tax is payable to the Kingston Upon Hull Council. From verbal enquiries we are advised that the property is shown in the Council Tax Property Bandings List in Valuation Band - A.*
Fixtures & Fittings
Certain fixtures and fittings may be purchased with the property but may be subject to separate negotiation as to price.
Disclaimer
*The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.
Viewings
Strictly by appointment with the sole agents.
Mortgages
We will be pleased to offer expert advice regarding a mortgage for this property, details of which are available from our Newland office. Your home is at risk if you do not keep up with repayments on a mortgage or other loan secured on it.
Valuation/Market Appraisal:
Thinking of selling or struggling to sell your house? More people choose Beercocks in this region than any other agent. Book your free valuation now!
Important Buyer Information: To progress your offer, we are legally required to verify your identity, confirm your source of funds, and assess affordability. This process incurs a fee of £50 (inc. VAT) for sole buyers, or £100 (inc. VAT) for joint buyers, regardless of the number of individuals involved.
About this agent
