Spring Bank, Kingston Upon Hull
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
5
- BATHROOMS
5
- SIZE
496 sq ft
46 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Impressive freehold block comprises five well-appointed one-bedroom flats. Each flat is currently fully tenanted, ensuring a steady income stream for the discerning investor. These flats are designed to maximise space and comfort, making them an attractive option for tenants.
The property boasts a remarkable gross annual income of £28,200, which translates to an impressive gross return of 8.3%. This makes it an excellent opportunity for those looking to expand their property portfolio or enter the rental market with a solid investment with potential to also increase rents and maximise returns.
The flats are in good condition and require no immediate work, allowing for a hassle-free acquisition. This is particularly appealing for investors seeking a property that is ready to generate income from day one.
Situated in a lively neighbourhood, the location offers convenient access to local amenities, public transport, and recreational facilities, making it a desirable place for tenants helped even more so with a private off street car park to the rear.
In summary, this freehold block of flats presents a rare opportunity to invest in a fully tenanted property with a strong income potential in Kingston Upon Hull. Whether you are an experienced investor or new to the market, this property is certainly worth considering.
Brochures
Spring Bank, Kingston Upon HullBrochure- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Spring Bank, Kingston Upon Hull
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 33836642. 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 MyPad, 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.