Name: 2 bedroom Flat for sale, Hull, East Yorkshire, HU8
Brand: Reeds Rains
SKU: HUL240298
Price: 48000 GBP
Availability: InStock

Property ref: HUL240298

Key Features

Council Tax: Hull City Council Band A

Tenure: Leasehold. 986 year lease

Current ground rent (per annum): £150.00

Maintenance charges (per annum): £1,000.00

GUIDE PRICE £48,000 - FOR SALE BY ONLINE AUCTION ON TUESDAY 14th MAY 2024 VIA OUR PARTNER AGENTS, AUCTION HOUSE NORTH EAST
A superb two-bedroom duplex apartment offered exclusively to investors with tenant in situ with a rental income of £600 per month.
This offering promises a lucrative yield, making it an attractive proposition for those seeking to capitalise on Hull's thriving rental market.
With a lease spanning over 985 years, stability and longevity are assured, ensuring enduring value and peace of mind for prospective buyers.
Spanning the first and second floor levels, this spacious duplex apartment offers nearly 800 ft² of meticulously crafted living space.
Well-maintained by the current tenant, the accommodation exudes comfort and style.
Details regarding ground rent and maintenance charges are forthcoming, ensuring transparency and clarity for potential buyers.
With a council tax band 'A' payable to Hull city council and an EPC grade of D, this property exemplifies both investment potential and comfortable living.

Map viewMap viewMap view

Property detailsProperty detailsProperty details

Mortgage calculatorMortgage calculatorMortgage calculator

View EPCView EPCEPC

Stamp DutyStamp DutyStamp Duty

Map view

View on Street view

The pin shows the exact address of the property

Property details

GUIDE PRICE £48,000 - FOR SALE BY ONLINE AUCTION ON TUESDAY 14th MAY 2024 VIA OUR PARTNER AGENTS, AUCTION HOUSE NORTH EAST

A superb two-bedroom duplex apartment offered exclusively to investors with tenant in situ with a rental income of £600 per month, this offering promises a lucrative yield, making it an attractive proposition for those seeking to capitalise on Hull's thriving rental market. With a lease spanning over 985 years, stability and longevity are assured, ensuring enduring value and peace of mind for prospective buyers.

Situated within the esteemed former sheriff house, this property boasts a rich history and a captivating blend of architectural styles, blending the grandeur of old-world charm with the sophistication of modern development. Upon arrival, you’ll be captivated by the seamless integration of meticulously converted individual apartments within the historic structure, complemented by the addition of high-quality new builds. Nestled at the forefront of this prestigious development, this property presents a unique opportunity for discerning investors.

Spanning the first and second floor levels, this spacious duplex apartment offers nearly 800 ft² of meticulously crafted living space. Well-maintained by the current tenant, the accommodation exudes comfort and style.

Upon entering, a grand communal entrance hall sets the tone, leading to a first-floor landing area. Inside the apartment, a central hallway provides access to a comfortable sitting room, a well-appointed fitted kitchen, and a spacious bedroom, alongside a thoughtfully designed bathroom. Ascending to the first floor, another double bedroom awaits offering versatility and privacy.

Externally, the development is complemented by its own grounds, featuring an allocated parking space for added convenience.

Details regarding ground rent and maintenance charges are forthcoming, ensuring transparency and clarity for potential buyers.

With a council tax band 'A' payable to Hull city council and an EPC grade of D, this property exemplifies both investment potential and comfortable living.

Lease Details: 999 Years Commencing On And Including 1 September 2011

Administration Fee: £1200 inc VAT payable on exchange of contracts.

Buyer's Premium Fee: £1800 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Room	Notes
Charges	The costs for 9 Tower Park Mews are as follows:Service ChargeTPM Management £000 per yearGround RentNominal £150 per year
Auctioneer's Notes	Property construction - StandardElectricity supply - MainsWater supply - MainsSewerage - MainsHeating – GasBroadband - Standard Speed - 22 mbpsMobile signal / coverage –O2/ Vodafone /EE/ Three – Very GoodParking – Resident ParkingBuilding Safety – See Legal PackRestrictions – Yes See Legal Pack – Holderness Road East Conservation AreaRights and easements - See Legal PackFlood risk – LowCoastal erosion –LowPlanning permission – See Legal PackAccessibility / adaptions - See Legal PackCoalfield or mining area - See Legal Pack
Notes	Tenure: LeaseholdLease Details: 999 Years Commencing On And Including 1 September 2011EPC Rating: DAdministration Fee: £1200 inc VAT payable on exchange of contracts.Buyer's Premium Fee: £1800 inc VAT payable on exchange of contracts.Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

IMPORTANT NOTE TO POTENTIAL PURCHASERS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

EPC

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

Potential

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

Stamp Duty

Use our calculator to see how much Stamp Duty you may pay if you buy this property.

Interested in this property?

Reeds Rains Hull Estate Agents

01482 709980

hull@reedsrains.co.uk

Arrange a viewing Save to shortlist

Mortgage repayment calculator

Purchase price (£)

Deposit amount (£)

Interest rate (%)

Repayment period (yrs)

Calculate

Your payment (based on a repayment mortgage)

per month

Now you know what you could be paying, book an appointment with our partners Embrace Financial Services to find the right mortgage for you.

Book an appointment

This information is a guide only and should not be relied on as a recommendation or advice that any particular mortgage is suitable for you. All mortgages are subject to the applicant(s) meeting the eligibility criteria of lenders. Make an appointment with our partners, Embrace Financial Services to receive mortgage advice suitable for your needs and circumstances. The data entered into the mortgage calculator must be accurate and up-to-date.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Embrace Financial Services usually charges a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £499 to £999 and this will be discussed and agreed with you at the earliest opportunity.