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2 bed property
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Our Summary
- Guide Price £120,000 - £130,000 plus Reservation Fee An excellent investment opportunity, this freehold building comprises two self-contained flats — a ground floor and first floor apartment — currently achieving a combined rent of £1,145 per calendar month, producing a combined annual income of £13,740
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Description
The property is a freehold building located on Princes Avenue, one of Hull's most vibrant and sought-after areas. It comprises two self-contained flats, a ground floor and first floor apartment, which are currently let at a combined rent of £1,145 per calendar month, producing a combined annual income of £13,740. The property is situated in a thriving district with café culture, independent bars, and restaurants, and provides easy access to Pearson Park, Hull City Centre, and the mkm Stadium.
The gross rental yield based on a purchase price of £120,000 is an impressive 11.45%.