Description

A £50,000 refurb was made to convert this property into 6 self contained en-suite apartments. Licenced with Hull City Council, means it is one of the few properties in Hull that meet the stringent safety and amenity criteria. It has a new roof and is fully double glazed and gas central heated.

Fully let to professionals yielding £29,380 p/a, a 11.75% ROI.

This property will be a great asset to any investor!

*  £29,830 p/a income

*  11.75% ROI

*   Massive refurbishment recently completed

*   5 En-suites

*   TV’s wall mounted in every room including the kitchen

*   Light stream broadband networked throughout the property

*   Large rear garden, paved BBQ area and lawned area

Room 1 £95.00

Room 2 £85.00

Room 3 £100.00

Room 4 £85.00

Room 5 £100.00

Room 6 £100.00

Total £565.00 per week

Gross annual rent of £29,830 giving a yield of 11.75%

Costs

Utilities £3120.00

Internet £520.00

Council tax £980.00

TV Licence £144.00

Net annual rent £25,066 giving a yield of 10.00%

 

 

 

Location

The property is situated in the Princes Road area within a short distance of the Kingston Communication Stadium and West Park with local shopping and schooling nearby. There are good public transport links to the City Centre there are good road connections available to all parts of the city with access to the M62 via the A63 dual carriageway.

At a glance

  • 3 Floors
  • 6 Bedrooms
  • 6 Bathrooms
  • 1 Kitchen

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Accommodation

The property is arranged over three floors and briefly comprises as follows:

Entrance Hallway

With fixed staircase leading to the first floor landing.

Bedroom 1

11.00 m2 of bedroom space, plus En-suite with three piece suite comprising of shower cubicle, wash hand basin and low level
wc.

Bedroom 2

10.12 m2 of bedroom space, plus En-suite with three piece suite comprising of shower cubicle, wash hand basin and low level
wc.

Kitchen

15.20 m2. With wall and base level fitted units, work surfaces over, 2 x ovens and hobs, wall mounted gas fired boiler, 2 x stainless steel sinks and drainer units and plumbing for automatic washing machine.

FIRST FLOOR

Bedroom 5

12.78m2 of bedroom space, plus En-suite with three piece suite comprising of shower cubicle, wash hand basin and low level
wc.

Bedroom 3

14.08 m2 of bedroom space plus en-suite with three piece suite comprising of shower cubicle, wash hand basin and low level wc.

SECOND FLOOR

Bedroom 4

10.12 m2 of bedroom space plus en-suite with three piece suite comprising of shower cubicle, wash hand basin and low level wc.

Bedroom 6

16.05 m2. Large en-suite with three piece suite comprising of shower cubicle, wash hand basin and low level wc.

Central Heating

The property has the benefit of central heating.

Double Glazing

The property has the benefit of double glazing.

Tenure

Freehold.

Fixtures & Fittings

Certain fixtures and fittings may be purchased with the property but may be subject to separate negotiation as to price.

For more information about this property

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