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£70,000 Asking price

1 bedroom Flat for sale,
City Central, 22 Wright Street, East Yorkshire, HU2

Steven Goforth  Branch Manager
Steven Goforth
Branch Manager and Valuer
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Features and Description

  • Prime Ground Floor, One Bedroom Self-Contained Apartment
  • Location: Wright Street HU2 8HU, just a five-minute walk to Hull City Centre train station and bus interchange
  • Tenant in situ, paying £450 pcm, offering a high gross rental yield of 7.7%
  • Secure gated property providing peace of mind and enhanced security
  • Comes with a sought-after parking space for added convenience
  • Low ground rent and maintenance charges, ensuring financial practicality
  • Ideal investment opportunity for steady rental income and attractive returns
  • Perfect for experienced investors or first-time buyers looking to capitalize on the rental market
  • Proximity to Hull City Centre's amenities and lifestyle offerings
  • Act now to secure your future with this exceptional investment property
  • EPC GRADE D
  • Council Tax Band A

Welcome to Wright Street HU2 8HU, where an exceptional investment awaits you. We are delighted to present this fantastic ground floor, one-bedroom self-contained apartment, ideally situated just a five-minute walk away from Hull City Centre train station and bus interchange. This prime location offers unparalleled convenience and accessibility for both tenants and investors alike.

A key highlight of this property is the tenant already in situ, providing a stable and immediate income stream. Currently paying £450 per month, this translates to an impressive gross rental yield of 7.7%, making it an attractive proposition for discerning investors seeking steady returns.

Security and peace of mind are paramount, and that's precisely what this apartment offers. Located behind secure gates, you can rest assured that your investment is well-protected. Additionally, the property comes with its own parking space, a coveted feature that is highly sought after in city centre living.

Financial practicality is another advantage of this property. With low ground rent and maintenance charges, your investment can remain profitable without excessive overheads, increasing the overall return on investment.

City Central, 22 Wright Street, East Yorkshire, HU2

Additional Information

  • Property ref
    HUL210676
  • EPC
    D
  • Tenure
    Leasehold
  • Lease length
    182 years
  • Council Tax
    A
  • Local authority
    Hull City Council
  • Ground Rent
    £175
  • Ground Rent Review
    Contact the branch
  • Service Charge
    £363
Steven Goforth  Branch Manager
Steven Goforth
Branch Manager and Valuer

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Reeds Rains Estate Agents Hull

Hull Branch Manager
Reeds Rains Hull
508 Holderness Road, Hull, HU9 3DS
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Borrowing £63,000 and repaying over 25 years with a 2.5% interest rate.

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This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022. For more information on Stamp Duty Land Tax, click here.

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Floorplan
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Street view
Hallway
3.3m x 1.17m

Enter the property via a PVC glazed door into the hallway that gives access to the bedroom, bathroom, and open lounge/kitchen. The hallway is carpeted and has a radiator, and the electric consumer unit

Bedroom
3.57m x 2.46m

Having a rear aspect wind and radiator to one wall.

Bathroom
2.3m x 1.69m

Fitted with a three piece suite in white comprising on a pedestal basin with mixer tap, panelled bath with mains powered shower over, there is tiling to the walls around the bath area and finally a low flush WC. The bathroom is heated via a chrome towel radiator.

The pin shows the exact address of the property 

Energy Efficiency Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

55

Potential

68

CO2 Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A