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See how verdicts work2-bedroom flat · HU8 9TZ
For saleListed 89 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*****attention investors***** this ready made investment opportunity with long term tenant in situ is currently producing A gross yield of 7.7% with potential for further increase!
This modern 2 bedroom ground floor flat is currently generating £6360 per annum rental income with potential for further increase.
Situated just off ever popular Howdale Road, well positioned for local shops and amenities as well as nearby Sutton Village and its range of facilities, the property also enjoys excellent transport links around the City.
Briefly comprising; hallway, lounge, kitchen, two bedrooms and a bathroom the property is entered via intercom controlled entrance door into communal hallway.
Having the additional benefit of uPVC double glazing and electric heating together with allocated parking, the property are a popular let for couples and single professionals alike and represents an excellent first investment or addition to an existing portfolio.
Viewings are available via our Sutton office. The Accommodation Comprises Communal Entrance Intercom controlled front access door into communal entrance hallway with mailboxes.
Entrance Hallway Internal door into apartment hallway with carpeted flooring and two storage cupboards.
Lounge/Dining Room (2.90m x 4.22m (9'6 x 13'10)) L-shaped lounge/diner with carpeted flooring and uPVC window and French doors to front aspect Kitchen (2.44m x 2.21m (8' x 7'3)) Fitted base units with contrasting work surfaces, stainless steel sink/drainer.
Plumbing for Automatic washing machine, space for electric cooking appliance and free standing fridge freezer.
Bedroom One (3.35m x 3.00m (11' x 9'10)) With carpeted flooring and uPVC window to rear aspect Bedroom Two (1.98m x 3.00m (6'6 x 9'10)) With carpeted flooring and uPVC window to rear aspect Bathroom Panel bath with electric shower over, low flush wc and hand wash basin.
Vinyl flooring, part panelled walls, electric wall heater and extractor fan Outside The property is set in communal gardens whilst to the rear of the property there is an allocated parking space.
Parking Located to the rear of the property. Tenure The property is Leasehold. We understand the lease to be 999 years from 1/1/1991 however this should be verified via vendors solicitors.
Council Tax Council Tax band A Kingston upon Hull City Council Epc Rating C Additional Services: Whitaker Estate Agents offer additional services via third parties: Surveying, financial services, investment insurance, conveyancing and other services associated with the sale and purchase of your property.
We are legally obliged to advise a vendor of any additional services a buyer has applied to use in connection with their purchase.
We will do so in our memorandum of sale when the sale is instructed to both parties solicitors, the vendor and the buyer.
Agents Notes: Services, fittings & equipment referred to in these sales particulars have not been tested ( unless otherwise stated ) and no warranty can be given as to their condition.
Please note that all measurements are approximate and for general guidance purposes only.
Material Information: Construction - Brick/Tile Conservation Area - No Flood Risk - Medium Mobile Coverage/Signal - EE, Vodafone, Three, O2 Broadband - Basic 5 Mbps, Ultrafast 10000 Mbps Coastal Erosion - No Coalfield or Mining Area - No Planning - No Material Information: Construction - Conservation Area - Flood Risk - Mobile Coverage/Signal - Broadband - Coastal Erosion - Coalfield or Mining Area - Planning - Offering On A Property In order to progress an offer, we are legally required by hmrc to conduct anti-money laundering checks on all potential buyers.
Once your offer is accepted, subject to contract we will send a secure link to make payment and then complete the biometric checks electronically.
The cost of this is £25 per person with a maximum of £50 - the fees are non refundable.
Once these checks are completed, and you have provided all evidence of funding requested along with your solicitors details, details will be passed to solicitors to progress a sale.
Whitakers Estate Agent Declaration: Whitakers Estate Agents Limited wish to inform any prospective purchaser that we have not carried out a survey, or tested the services, appliances, plumbing or heating system and specific fittings at this property.
Measurements and floorplans provided are approximate and for guidance only. Floorplans are intended to provide a guide to the property and should not be relied on. Square footages are approximate.
Photographs are intended to shown the maximum area of a room and wide angle lenses are used. This can sometimes have the effect of making a room appear larger and should not be relied upon.
Whitakers Estate Agents Limited for themselves and for the vendors or lessors of this property whose agents they are, give notice that the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute any part of an offer or contract.
All descriptions, measurements, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct and any intending purchaser or tenant should not rely on them as statements or representations of fact and should satisfy themselves by inspection or otherwise as to the correctness of each of them.
Ai may be used in these particulars. No person in the employment of the agents has any authority to make or give any representation or warranty whatever in relation to this property.
If there is any point which is of particular importance to you, please contact us and we will be pleased to check the information, Such queries should be made before viewing a property.
All negotiations must be conducted via Whitakers Estate Agents Limited.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 10, Mallyan Close, Hull
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