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Property ID: 217085051
Offers Over
£82,000
Location
Gullane Drive, Hull, HU6 7XQ
Size
506
Tenure
Leasehold
Bedrooms
2
Type of property
Flat
Current Yield
9.6%
Monthly Income
£650
Property Information

This 2 bedroom flat in Hull offers a prime investment opportunity. It boasts valuable amenities in close proximity, promising rewarding rental returns and a current tenant.


The well-maintained property features two bedrooms, three-piece bathroom, modern lounge, kitchen, private garage and communal garden space.


Investment Details:


The property currently generates an annual gross income of £7,800 which has the potential to be increased to a market rate of £8,400 with the current tenants in place. Considering the purchase price, this investment presents a substantial opportunity for investors seeking to expand their portfolio.


For further details on the property’s investment potential, please refer to the attached Let Property Pack. Should you express interest in this property, please contact us.


Tenancy Details:


The current tenants have consistently paid their rent throughout their tenancy and have no intention of relocating. They are committed to remaining in the property.


Let Property Sales is dedicated to facilitating a seamless transaction process and ensuring mutual commitment from both parties. To secure a property, a fully refundable buyer’s premium may be applied. This premium is not an additional cost and is refunded in the event of non-completion.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Letting Agency Fees
Ownership CostsWhat are these?
Calculated Returns
Paisley benefits from an average of 4.5% capital growth. Learn more
Purchase Costs
Based on monthly income of
£650
Cashflow p/m
650
Current Yield
null%
Based on potential rent of
£700
Cashflow p/m
700
Potential Yield
null%
Monthly Income
£650 pcm
Potential Rent
£700 pcm
Length of Tenancy
2 years+
Tenant Means of Funding
SELF_FUNDED
Area Capital Appreciation Rate
-
Ground Rent
Leasehold
Est. Insurance Costs
unknown
Factor Fees
10
Factor Name
unknown
Total Estimated Costs
10
Not available for this property
Not available for this property
Not available for this property
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Running Costs
Ground Rent
Leasehold
Est. Insurance Costs
unknown
Factor Fees
10
Factor Name
unknown
Total Estimated Costs
10