Sykes Street, Hull, HU2
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
Ask agent
Key features
- Reservation Fee Applicable – T&C's Apply
- Ground floor one-bedroom flat
- Offered at a competitive price
- Communal outdoor spaces
- Estimated rental income £550–£600 PCM
- Potential annual rental income £6,600–£7,200
- Convenient location close to Hull city centre
- Within easy reach of Hull New Theatre
- NO CHAIN INVOLVED
- VACANT POSSESSION
Description
Guide Price £55,000 - £60,000 plus Reservation Fee
An excellent opportunity to acquire a ground floor one-bedroom flat, offered to the market at a competitive price and representing an ideal purchase for first-time buyers or buy-to-let investors.
The accommodation briefly comprises a spacious lounge, a double bedroom, shower room and fitted kitchen. The property also benefits from surrounding communal outdoor spaces.
For investors, similar one-bedroom flats in the area typically achieve rental income in the region of £550–£600 per calendar month, providing an estimated potential rental income of £6,600–£7,200 per annum, subject to market conditions and occupancy. Which would provide an impressive 13% Gross Yield. There are roughly 110 years remaining on the lease. The service charge is £520 per annum and ground rent is 10 per annum.
Conveniently positioned within easy reach of Hull city centre and Hull New Theatre, the property is ideally located for access to a wide range of shops, amenities, entertainment facilities and transport links.
The property is offered for sale with NO CHAIN INVOLVED and VACANT POSSESSION, allowing for a straightforward purchase.
Whether you're looking to take your first step onto the property ladder or add an affordable investment to your portfolio, this is an opportunity worth serious consideration.
Key Features
Ground floor one-bedroom flat
Offered at a competitive price
Spacious lounge
Double bedroom
Fitted kitchen
Shower room
Communal outdoor spaces
Estimated rental income £550–£600 PCM
Potential annual rental income £6,600–£7,200
Convenient location close to Hull city centre
Within easy reach of Hull New Theatre
NO CHAIN INVOLVED
VACANT POSSESSION
Ideal first-time purchase or investment opportunity
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- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Visit our security centre to find out moreDisclaimer - Property reference S1908269. 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 Rezee, 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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