£55,000
1 bed flat for saleFerens Court, Anlaby Road, Hull HU1
1 bed
1 bath
1 reception
EPC Rating: C
Added on
About this property
Perfect for First Time Buyer/Investor
Modern Throughout
2nd Floor Studio Apartment
Open Plan Layout for Versatile Living and Working
Parking Permits Available
Currently Tenanted Achieving £8160 per annum - 14.84% yield without running costs
After a recent price slash, this fantastic, modern, 2nd floor apartment with one bedroom presents as an excellent opportunity. With most bills included within the service charge, it is a no-brainer purchase for first time buyers, working professionals or investors alike.
The apartment is situated in a prime city centre location and offers ideal accommodation for the working professional. Just across the road from the multimillion pound redevelopment of the former Europa House, now Monocole, office redevelopment.
Hull Royal Infirmary is within a few minutes walk with multiple restaurants, cafe's, bars & gyms nearby, St Stephens and Paragon interchange for Bus/Train services are just across the road. Perfectly placed for any town centre needs.
Briefly comprising of a stylish and spacious open plan layout for kitchen and lounge, with a modern divide leading to the double bedroom. Carpet is fitted throughout, with a television point, wall outlets and windows to the rear.
The kitchen includes new grey gloss cabinets and partial tiling for a luxurious finish. Integrated oven/hob/extractor with under counter fridge and washing machine space.
The light and airy shower room compromising of toilet, fitted sink and cabinet unit, walk in shower and a heated towel rack.
The property can be sold vacant, making it an excellent option for first-time buyers or owner-occupiers.
For investors, there is a tenant currently in situ paying £680.00 pcm, which offers an attractive gross yield of 14.84% (or roughly 8.4% with running costs).
Leasehold Information:
- Lease Length: 250 years, commencing in 2018 (until 2268).
- Service & Ground Rent: Approximately £3,518 annually (£293 pcm). This fee unusually includes all utilities and broadband, excluding council tax.
The property has an EPC Rating of C and falls under Council Tax Band A.
Zoopla tools
Stamp duty calculator
Our instant calculator helps you understand how much stamp duty is due on property purchases in England & Northern Ireland. Read the latest stamp duty news
This calculation is intended as a guide only. We are unable to provide financial advice, so it's important to consult with an adviser. It applies to UK residents purchasing residential properties in England and Northern Ireland, but does not apply if the purchase is made through a company.
Local area information
Zoopla insights
Sign in and gain expert analysis to make informed decisions.
More information
Tenure
Leasehold (Ask agent)
Service charge
Council tax band
A
Ground rent
Ground rent date of next review
.png)