We believe this property works best with a mortgage at 75% LTV or less based on a mortgage interest rate of 4.5%.
The property is a super 2 bedroom investment property, the property is fully let and has been operated as a 2 bedroom houseshare (excluding utility bills) or a family house according to the annual demand. The property is in good condition having undergone a programme of refurbishment in recent years.
Please note that since the photos were taken the sellers have made a number of improvements to the property including new external doors, flooring to the lounge and hall, two new lounge sofas and Venetian blinds to a number of windows (please refer to our walkthrough video to see the property as it stands now).
It is a traditional bay fronted mid-terraced property on a quiet residential side street located off Beverley Road within a short walk of Newland Avenue, Clough Road, Cottingham Road and the University of Hull. The overall size of the internal accommodation is approximately 624ft2.
Being sold as a going concern, the buyer will purchase this ready made investment complete with tenants and furnishings (sold as seen). With tenancies in place through to August 2025.
Approaching the property you are greeted with an attractive partially glazed UPVC front door which leads into the entrance hallway with bright and neutral decor and appealing wood effect flooring.
The first room off to the right of the hall is the living room featuring the bay window overlooking the front elevation and enclosed forecourt, the bay provides an abundance of natural daylight into the room. The lounge comes furnished with Venetian slat window blinds, two sofas and large wall mounted TV. At the end of the hall a door leads to the modern well equipped kitchen with breakfast bar, the kitchen includes a single fan oven, electric hob and chimney extraction hood, washing machine and fridge freezer. A small rear lobby leads to the house bathroom, and the partially glazed UPVC back door provides access to the enclosed rear yard we would suggest that a purchaser budget for resurfacing the space.
Back in the kitchen a staircase leads up to the first floor where there are two good sized double bedrooms with desk areas. The rooms have individual locks to doors and windows are fitted with Venetian blinds to match those found in the lounge.
The property is heated via a gas combi-boiler, benefits from being fully UPVC double glazed, has a Grade D interlinked fire detection system and fire doors to the lounge and kitchen.
Externally the plot is of a good size (approx 0.019 acres) with bounded forecourt to the front, and enclosed yard to the rear with pedestrian access along a shared alleyway to the rear.
Being a short walk from Beverley Road, Cottingham Road and Newland Avenue, there are a range of amenities close by including, numerous highly rated cafes and restaurants; independent shops, Banks, supermarkets and a post office.
Buyers premium of £3,000 + VAT is payable in two parts:
– A non-refundable reservation fee of 25% plus VAT or £1,500 plus VAT (whichever is greater)
– The balance is due upon legal completion (which is collected and paid by the buyers solicitor)
More Information
To receive the comprehensive brochure please register on our exclusive buyers database here. If you have already registered, please contract Kim Raines, our Hull Brokerage Partner, who will gladly email the brochure to you.
Agent: Kim Raines
kim@realm47.com
01482 453756
