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Thoresby Street, Hull, HU5

PROPERTY TYPE

Block of Apartments

BEDROOMS

2

BATHROOMS

2

SIZE

883 sq ft

82 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Investment Opportunity
  • Two - One Bedroom Apartments
  • Gross Yield 9.8% (Exc. utility bills)
  • Close Proximity to Local Amenities on Princes Avenue and Chanterlands Avenue
  • Both Apartments Tenanted
  • RENT: £1,025pcm (Exc utility bills)

Description

We believe this property works best with a mortgage at 75% LTV or less based on a mortgage interest rate of 4.5%.

The property consists of two, one bedroom flats on a single freehold. It was converted around 2005 when planning permission was sought to convert from a residential property. Historically being an end terrace on the corner of two streets this property was once a shop but was converted around 1989 to a single residence which the current owner subsequently divided into two smaller units for the rental market. This helped to significantly increase the income and returns on the property.

The front door of the property leads to Flat A which, with the exception of the private hallway, is on the first floor of the property. The property is spacious offering a good sized front room, double bedroom, kitchen with space for small dining table and bathroom with shower over bath.

Flat B is accessed from the rear of the property and as such benefits from the enclosed yard space which provides screened outside space for the occupant of the flat.

The external UPVC door enters straight into the modern dining kitchen which is bright and spacious. There is a utility cupboard and shoe storage alcove to one side and a door leads into the modern bathroom with shower over bath.

Through another door from the kitchen diner there is a good sized lounge with under stairs space for storage and access to the double bedroom which features built in furniture.


To receive a copy of the comprehensive brochure please register on our buyers database - visit our website to complete the buyers registration form.

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)

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

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Thoresby Street, Hull, HU5

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hull Station1.1 miles
  • Cottingham Station2.6 miles
  • New Holland Station3.5 miles
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About the agent

Realm 47, Hull

Suite 712, K2 Building, Bond Street, Hull, HU1 3EN

Realm 47, Hull

REALM 47 Property Brokerage are Investment Specialists, with over 20 years of experience in the property industry we are here to assist investor buyers with the acquisition process or sellers throughout the sale process; acting for either party as buying agent or selling agent.

We handle a vast range of properties from existing investment properties and those with plans for development through to the less obvious properties such as those that are currently used as family homes bu

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Disclaimer - Property reference ThoresbyStreet. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Realm 47, Hull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of 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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