4-bedroom flat · HU5 3DH
For saleListed 193 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £420,000 - £430,000 plus Reservation Fee An outstanding opportunity to acquire a freehold block comprising four self-contained two-bedroom apartments within a modern development, all fully tenanted and generating an approximate combined rental income of £2,400 pcm (£28,800 per annum), equating to around £600 pcm per apartment.
This is a true turnkey investment, offering immediate and consistent returns from day one.
The apartments are well-presented throughout and benefit from practical layouts, making them highly desirable to tenants.
Each unit offers comfortable living accommodation, and the development further benefits from off-street parking, enhancing tenant appeal and long-term rental demand.
Ideally positioned just off Victoria Avenue in the sought-after Avenues area, the property is perfectly placed to take advantage of the vibrant lifestyle offered by nearby Newland Avenue, which boasts an excellent selection of café bars, shops, and restaurants.
The location also provides easy access to local amenities, transport links, and key employment hubs, ensuring continued strong rental demand.
This is a rare opportunity to secure a modern, fully income-generating freehold block in a prime residential location—an ideal addition to any investor’s portfolio.
Key Features: Freehold block of four two-bedroom apartments Fully tenanted – ready-made investment Generating approx. £2,400 pcm (£28,800 per annum) Approx.
£600 pcm per apartment Modern development Off-street parking available Located in the sought-after Avenues area Close to Newland Avenue’s cafés, bars, shops & amenities Reservation Fee Applicable – T&c’s Apply Book Your Viewing Today!
Fees, Exclusivity & Disclaimer Reservation Fee: Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 1.5% of the purchase price (minimum £2,500 + VAT).
This fee is in addition to the purchase price. Once paid, the property will be immediately taken off the market, preventing gazumping, reducing delays, and providing peace of mind.
Refund Policy: The Reservation Fee may be refunded only in specific circumstances, such as: The seller withdrawing from the sale A chain collapsing beyond the Buyer’s control Significant structural issues confirmed by a qualified structural survey For full details of refund eligibility, please contact our office.
Exclusivity: Upon payment of the Reservation Fee, rezee grants the Buyer a fixed exclusivity period of 90 days from the issue of draft contracts.
During this time, the property is reserved exclusively for the Buyer.
Buying Process: Register your interest Prepare your finances Arrange a viewing Make an offer Secure the sale via our secure system Exchange and complete Important Information & Disclaimer: A Ready Sale Pack containing detailed property information is available.
Buyers are advised to review this pack and undertake their own due diligence before committing to purchase. Buyers must verify their id and provide proof of funds as part of our compliance process.
rezee may offer related services (conveyancing, financial advice, surveying, etc.) and may receive referral fees from third-party providers.
While we take care to ensure sales particulars are accurate, they do not form part of any offer or contract and should not be relied upon as statements of fact.
Stamp Duty (sdlt): Not all property purchases are subject to sdlt. Liability depends on factors such as purchase price and buyers position.
Buyers should seek advice from a solicitor or tax adviser to confirm whether sdlt applies to their purchase and how much they would have to pay.
rezee’s Approach: Our innovative selling process provides a secure and transparent way to buy property, designed to protect all parties and reduce the risks of failed sales.
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 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 23,Flat 1, 2, 3, 4, Sanderson Close, Hull
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