1 bedroom flat for sale

INVITING OFFERS £50,000 – £55,000TURNKEY INVESTMENT OPPORTUNITY | ONE BED APARTMENT IN HU3A great opportunity to secure a ready-made investment in a popular rental 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. It’s being sold with a tenant in situ – so you’ll have rental income from completion, with no void period or upfront letting costs.The property is particularly well suited to first-time landlords seeking a low hassle investment, as well as experienced investors looking for a hands-off addition to their portfolio.Inside, the apartment offers a double bedroom, a bathroom with white three-piece suite and overhead shower, a fitted kitchen with integrated oven, hob and extractor, and a separate living room with a large bay window. The property has gas central heating, double glazing, and is presented in a clean, neutral condition that continues to appeal to long-term tenants.The HU3 location is consistently popular with renters due to its close proximity to Hull Royal Infirmary, the city centre, local shops and transport links. It’s a go-to area for working professionals and hospital staff looking for affordable accommodation within easy reach of major employers.The property is leasehold, with 125 years from 2009. Ground rent is £75 per annum and the service charge is £270 per annum.With a tenant already in place, a strong rental history and consistent demand from renters in the area, this property offers a straightforward investment with existing management that can help to ensure a smooth transition.Key Figures: – Rent: £475pcm (£5,700 per year)
– Service charge: £270 per year
– Ground rent: £75 per year
– Net income after fixed costs: £5,355 per year
– Yield based on £50,000 - £55,000: 9.74% – 10.71%
(Before mortgage, insurance, management or maintenance costs) Call Belvoir to arrange a viewing now! EPC rating: C. Tenure: Leasehold,