3 Bed Terraced House For Sale

3 Bed Tenanted Investment Property | Gross Yield 6.52%

A spacious three-bedroom end-terrace house located just off Newland Avenue, one of Hull’s most vibrant and popular areas. Close to an array of independent shops, restaurants, bars and cafes, this property also offers excellent bus links to both Hull City Centre and the University of Hull, making it a highly desirable location for tenants.

This property is being sold as a tenanted investment, with a long-term family in situ under a single tenancy agreement (bills exclusive). The tenants moved in October 2021 and currently pay £625 per calendar month, generating a total annual rental income of £7,500. Based on the asking price, this offers a gross yield of approximately 6.52%.

The property benefits from gas central heating, UPVC double glazing, a modern fitted kitchen, and a recently updated bathroom with shower and screen. It also offers a spacious living and dining area, and a low-maintenance rear yard.

Accommodation:

Ground Floor:

Entrance hallway

Living room

Dining room

Modern fitted kitchen

Bathroom with bath, shower & screen

Door to rear yard

First Floor:

Bedroom 1 (double)

Bedroom 2 (double)

Bedroom 3 (single)

Additional Information:

Council Tax Band: A (Hull City Council)

EPC Rating: D

Freehold