Modern Method of Auction
Auction date not yet published
Studio · HU16 4LQ
For saleListed 257 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***Guide Price £65,000 - £75,000 plus Reservation Fee*** Introducing a fantastic investment opportunity at Saint Mary’s Court, Cottingham!
This spacious studio apartment is located just a stone's throw away from Cottingham train station, offering unparalleled convenience for commuters.
With some of the most accessible prices in Cottingham, this property is perfect for first-time investors or first-time buyers.
Currently tenanted and achieving a rental income of £450 PCM, this property ensures a steady return on investment.
Saint Mary’s Court features on-site parking and beautifully maintained communal gardens, providing a pleasant living environment for residents.
Situated in a prime location, the apartment benefits from excellent transport links to Hull and a wealth of local amenities.
Don’t miss out on this ideal investment opportunity in a highly sought-after area!
Key Features: - Studio apartment in Saint Mary’s Court, Cottingham - Only a stone's throw from Cottingham train station - Ideal for first-time investors or first-time buyers - Currently tenanted, achieving £450 PCM - On-site parking available - Beautifully maintained communal gardens - Excellent transport links to Hull - Close to local amenities **Fees, Exclusivity, and Disclaimer:** **Fees:** **Reservation Fee:** Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% to a minimum of £2500 plus VAT.
The Reservation Fee is paid on top of the purchase price.
This reservation fee ensures that the property is taken off the market as soon as a sale is agreed, eliminating gazumping, time wasting, and financial loss.
The Reservation Fee can be refunded under certain circumstances; i.e the seller deciding to pull out, a chain collapsing or structural issues verified by a structural survey.
For more information on what would qualify for a refund then please speak to the office **Exclusivity:** Following the payment of the reservation fee, Rezee will facilitate a fixed exclusivity period of 90 days from draft contracts being issued.
During this time the property will be reserved, so there will be no risk of gazumping. **Process:** Our process: 1. Register your interest 2. Prepare your finances for the purchase 3.
Arrange a viewing 4. Make an offer 5. Secure your sale using our secure system 6.
Exchange and complete **Disclaimer:** The property has a Ready Sale Pack, which gives additional information regarding the property.
It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.
The Buyer is required to verify their ID & show proof of funds.
Rezee offers additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property.
Rezee may receive a referral fee for these third-party services.
We endeavour to make our sales 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.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 advisors 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.
Area
Agent & docs
FAQ
About St. Marys Mount, Cottingham, HU16
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