Grafton Street, Hull, HU5

As an investment we believe this property works best with a mortgage at 75% LTV or less based on a mortgage interest rate of 4%.

The property is a traditional bay fronted mid-terraced property on a residential street which links Beverley Road to Newland Avenue. The property is also within walking distance of Clough Road, Cottingham Road and the University of Hull, providing a large range of amenities.

The property offers uPVC double glazing including front and back doors, as well as a mains fitted interlinked smoke alarm system.

Approaching the property you are greeted with an attractive partially glazed UPVC front door which leads into the entrance hallway with bright and neutral decor and appealing wood effect flooring.

The first room off to the left of the hall is the dining room (could be used as a forth bedroom) featuring the bay window overlooking the front elevation with the bay providing an abundance of natural daylight into the room. At the end of the hall a door leads to the modern lounge area with feature decorative arch to the chimney breast and a rear aspect over the garden. The kitchen includes a single fan oven, electric hob and chimney extraction hood as well as a range of modern white base and eye level units. A good size rear lobby leads to the house shower room and is currently being used as a utility space, and the partially glazed UPVC back door provides access to the enclosed rear yard with small shed.

Back in the lounge a staircase leads up to the first floor where there are two good sized double bedrooms and a single bedroom.

Being a short walk from Beverley Road, Cottingham Road and Newland Avenue, there are a range of amenities close by including, numerous highly rated cafes and restaurants; independent shops, Banks, supermarkets and a post office.

The property has been let to the current tenants since August 2022, the tenants are now on a rolling periodic tenancy agreement.

Gross Rent: £675.00 per calendar month. Tenant to pay their own utility bills.

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Buyers premium of £3,000 + 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)