1 bedroom flat for sale

INVITING OFFERS £50,000 - £55,000 | TURNKEY INVESTMENT OPPORTUNITY | ONE BED APARTMENT IN HU3An excellent chance to acquire a ready-made investment in a popular and well-connected area of Hull. This ground floor one-bedroom apartment is currently let at £475 PCM on a fixed-term tenancy from 30th June 2025 to working tenants, and is being sold with a tenant in situ - meaning no void period, no advertising costs, and rental income from the moment you complete.A fantastic hands-off option, this property is particularly suited to first-time or newer landlords looking to enter the market with minimal hassle, as well as experienced investors seeking a low-maintenance addition to their portfolio.The internal layout includes a double bedroom, bathroom with white three-piece suite and overhead shower, a fitted kitchen with integrated oven, hob and extractor hood, and a separate living room featuring a large bay window. The property benefits from gas central heating and double glazing, and is presented in a clean and neutral condition that appeals to long-term renters.Located in the HU3 area, this apartment is ideally situated for strong and consistent tenant demand, with Hull Royal Infirmary, the city centre, shops, amenities and public transport links all nearby. This is a sought-after area for working professionals and hospital staff due to its convenient access and affordability.The property is leasehold, with 125 years from 2009, a ground rent of £75 per annum, and a service charge of £1,800 per annum.With tenants already in place, solid rental history and a location that continues to perform well for lettings, this apartment represents a straightforward, income-producing investment with no letting work required. Key Figures: – Rent: £475pcm (£5,700 per year)
– Service charge: approx. £1,800 per year
– Ground rent: £75 per year
– Net income after fixed costs: approx. £3,825 per year
– Yield based on £50,000 - £55,000: approx. 6.95% - 7.65%
(Before mortgage, insurance, or maintenance costs)

Call Belvoir to arrange a viewing now! EPC rating: C. Tenure: Leasehold,