Poplar Grove, Lorraine Street, HU8 8EW

Guide Price £65,000 - £70,000 plus Reservation Fee

An excellent opportunity to acquire a deceptively spacious two-bedroom end of terrace property, ideally suited to first-time buyers looking to get onto the property ladder or investors seeking an affordable addition to their buy-to-let portfolio.

Offering more accommodation than initially meets the eye, this property represents an exciting opportunity for buyers looking for a home with plenty of potential.

The property is situated within a popular buy-to-let area to the east of Hull, benefiting from good transport links and convenient access to local amenities and the surrounding areas.

For investors, the property offers an estimated rental income of approximately £600 PCM, equating to a potential annual rental income of £7,200 PA, subject to market conditions and occupancy.

The property can be purchased with NO CHAIN INVOLVED and VACANT POSSESSION, making this an ideal opportunity for buyers looking for a straightforward purchase.

Whether you're looking for your first home or an investment property with attractive rental potential, this is an opportunity not to be missed.

Key Features
Deceptively spacious two-bedroom end of terrace property
Ideal first-time buyer or investment opportunity
Estimated rental income approximately £600 PCM
Potential annual rental income £7,200 PA
Popular buy-to-let location
Situated to the east of Hull
Good transport links
Convenient access to local amenities
NO CHAIN INVOLVED
VACANT POSSESSION

Book Your Viewing Today!

Fees, Exclusivity & Disclaimer
Reservation Fee and Terms & Conditions Apply
Rezee operates a reservation-based purchasing process designed to provide buyers and sellers with greater certainty and to reduce the risk of gazumping.

The successful purchaser will be required to pay a non-refundable Reservation Fee equivalent to 2% of the agreed purchase price, subject to a minimum fee of £2,500 plus VAT. This fee is payable in addition to the purchase price.

Once the Reservation Fee has been received, the property will immediately be taken off the market, providing the buyer with an exclusive opportunity to progress their purchase.

The Reservation Fee is non-refundable, except in circumstances covered by Rezee’s applicable terms and conditions, including:

The seller withdrawing from the sale
A chain collapsing beyond the Buyer's control
Significant structural issues confirmed by a qualified structural survey
For full details of refund eligibility, please contact our office.

Exclusivity Period
Upon issue of the draft contracts, the buyer will benefit from a 90-day exclusivity period, during which the property will be reserved for them, subject to the agreed terms and conditions.

This period is intended to provide sufficient time for the buyer and their appointed solicitor to undertake the necessary legal enquiries, searches, investigations and preparations for completion.

Ready Sales Pack & Property Information
Rezee aims to make the purchasing process as straightforward as possible by encouraging the early provision and review of relevant property information.

Where available, a Ready Sales Pack and associated property information may assist buyers and their solicitors in progressing their enquiries.

Buyers are strongly encouraged to review all available documentation and undertake their own independent due diligence before committing to a purchase.

How to Purchase a Property
1. Register Your Interest

Contact Rezee to register your interest in the property and arrange any necessary discussions or viewing arrangements.

2. Agree the Purchase Price

Once an offer has been agreed, the Reservation Fee and applicable terms and conditions will be explained.

3. Pay the Reservation Fee

The property will be reserved and removed from the market upon receipt of the Reservation Fee, subject to the agreed terms.

4. Instruct Your Solicitor

Your solicitor will receive the necessary information to begin the conveyancing process, including reviewing the title, planning information, searches and other relevant documentation.

5. Exchange Contracts

Once all necessary enquiries have been completed and both parties are ready, contracts can be exchanged within the agreed exclusivity period.

6. Complete Your Purchase

Completion takes place in accordance with the agreed contract, and the purchaser takes ownership of the property.

Important Information for Buyers
All prospective purchasers are advised to undertake their own independent investigations and due diligence before proceeding.

In relation to this particular development opportunity, buyers should make their own enquiries regarding:

The status of the previous planning permission and the possibility of renewal.
The suitability of any alternative residential development proposals.
Building regulations and any other necessary statutory approvals.
The contents of the accompanying plans and any relevant planning documentation.
The requirements of the local planning authority and any associated obligations.
The costs, viability and feasibility of their proposed development.
The previous planning approval should not be interpreted as confirmation that any future planning application or alternative scheme will be approved.

Buyers should obtain appropriate professional advice from their own solicitor, planning consultant, architect and other relevant specialists before committing to the purchase.

Any applicable Stamp Duty Land Tax (SDLT) should be considered and confirmed with your solicitor or tax adviser.

Important Disclaimer
These particulars are intended as a general guide only and do not constitute an offer or contract.

Although every effort has been made to ensure the accuracy of the information provided, prospective purchasers must satisfy themselves as to the accuracy of all details, measurements, planning information, development potential and other matters.

All plans, drawings, measurements and descriptions are provided for illustrative purposes only and should not be relied upon as definitive.

The property is offered subject to contract, availability and the applicable Reservation Fee terms and conditions.

Rezee reserves the right to amend or withdraw the property from the market where appropriate.

Reservation Fee and T&C’s Apply.

Rezee – Our Approach
Rezee offers a different approach to selling property, providing sellers with a straightforward and transparent service.

Our reservation-based purchasing process is designed to provide greater certainty for sellers while giving buyers the opportunity to progress their purchase with an agreed period of exclusivity.

We encourage prospective purchasers to review the available information, undertake their own due diligence and seek appropriate professional advice before proceeding.

For further information regarding the property, purchasing process or Reservation Fee terms and conditions, please contact Rezee directly.