Property description
A BUY TO LET PROPERTY WITHIN CLOSE REACH OF HULL UNIVERSITY - CURRENTLY LET AND ACHIEVING APPROXIMATELY £16,500 PER ANNUM With five lettable rooms and an attractive annual yield, the property is situated within easy reach of Hull University and the surrounding amenities Beverley Road/Cottingham Road have to offer. The property can be purchased with no chain involved and vacant possession and the accommodation briefly comprises entrance hall, two double bedrooms, lounge, kitchen and utility area to the rear. To the first floor are three additional double bedrooms, shower room and bathroom.
INTRODUCTION
With five lettable rooms and a potential annual rent of £16,500 per annum that would provide an 11% annual yield based on its current asking price. The property is situated within easy reach of Hull University and the surrounding amenities Beverley Road/Cottingham Road have to offer. The property can be purchased with no chain involved and vacant possession and the accommodation briefly comprises entrance hall, two double bedrooms, lounge, kitchen and utility area to the rear. To the first floor are three additional double bedrooms, shower room and bathroom.
LOCATION
Beverley Road acts as one of the main feeder roads into Hull. It offers excellent local amenities, shopping, recreational and sports facilities with good public transport links to both the City Centre and Beverley. The Tesco superstore on Beverley High Road is within a short driving distance as are the universities on Cottingham Road.
ACCOMMODATION
The property is arranged on two floors and briefly comprises as follows:
ENTRANCE HALL
With fitted staircase leading to the first floor landing.
BEDROOM 1
Unable to gain access.
BEDROOM 2 - 12' 2'' x 13' 9'' (3.71m x 4.19m)
LOUNGE - 12' 6'' x 10' 8'' (3.81m x 3.25m)
KITCHEN - 9' 5'' x 11' 0'' (2.87m x 3.35m)
With wall and base level fitted units, work surfaces over, sink and drainer unit, space for cooker and space for fridge and freezer.
UTILITY ROOM
With plumbing for an automatic washing machine.
FIRST FLOOR
BEDROOM 3 - 15' 2'' Into Bay x 12' 0'' Into Recess (4.62m x 3.65m)
SHOWER ROOM - 5' 9'' x 8' 1'' (1.75m x 2.46m)
With shower cubicle, pedestal wash hand basin and low level WC.
BEDROOM 4 - 14' 1'' x 12' 2'' Max (4.29m x 3.71m)
BATHROOM - 7' 5'' x 8' 3'' (2.26m x 2.51m)
With a three piece suite.
BEDROOM 5
Unable to gain access.
COUNCIL TAX
Council Tax is payable to the Kingston Upon Hull Council. From verbal enquiries we are advised that the property is shown in the Council Tax Property Bandings List in Valuation Band B.*
FIXTURES AND FITTINGS
Certain fixtures and fittings may be purchased with the property but may be subject to separate negotiation as to price.
DISCLAIMER
*The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.
VIEWINGS
Strictly by appointment with the sole agents.
MORTGAGES
We will be pleased to offer independent advice regarding a mortgage for this property, details of which are available from our Hull - Newland Avenue office on 01482 343399. Independent advice will be given by Licensed Credit Brokers. Written quotations on request. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
VALUATION/MARKET APPRAISAL
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Property Features :
- Potential Yield 11%
- Annual Rent Approx £16,500
- Five Double Bedrooms
- No Chain Involved
- Vacant Possession