2-bedroom flat · HU1 1AA
For saleListed 46 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FULL WALK-THROUGH VIDEO!
FIXED PRICE £90,000 Part 1: Nestled in the heart of Hull’s historic Old Town, City Exchange offers a fantastic investment opportunity with its two-bedroom second-floor apartment.
Part 2: As an agent, City Exchange presents a promising prospect. This two-bedroom apartment, located at the back of the building, provides a peaceful retreat amidst the city’s hustle and bustle.
The entrance hallway, to the right, leads you to a spacious living area with large windows, flooding the room with natural light, the open kitchen with plenty of wall and base units, as well as integrated appliances, making meal preparation a breeze.
The master bedroom, positioned in the middle of the property, is generously sized, offering comfort and privacy. Additionally, a second bedroom provides flexibility and space.
To complete this cozy abode, the house bathroom features a straightforward design, with a bath, shower over it, basin, and WC, ensuring convenience.
City Exchange is a golden opportunity, especially if you’re living and working in the city centre or an astute local or new investor looking to expand their property portfolio.
Tenure The property is Leasehold Ground Rent: £45.15 per annum Service Charge: £439PCM Length of Lease (Number of yrs remaining): 126 Years Remaining Lease end Date: 31/12/2149 Council Tax Council Tax is payable to the Kingston Upon Hull City Council .
From verbal enquiries we are advised that the property is shown in the Council Tax Property Bandings List in Valuation Band D .* Fixtures & Fittings Certain fixtures and fittings may be purchased with the property but may be subject to separate negotiation as to price.
Disclaimer *The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.
Viewings Strictly by appointment with the sole agents. Site Plan Disclaimer The site plan is for guidance only to show how the property sits within the plot and is not to scale.
IMPORTANT NOTICE In this listing, some of the property photos have undergone virtual staging to enhance the visual appeal and highlight the full potential of the space.
Virtual staging is a digital technique wherein computer-generated furniture, decor, and other elements are added to the images, creating an aesthetically pleasing representation of the property.
This process allows potential buyers to envision the possibilities and imagine the furnished layout of the home.
While the actual property is vacant and minimally furnished, virtual staging helps bridge the gap between imagination and reality, providing a more compelling presentation of the property's features and potential.
It's important to recognise that the virtually staged images are for illustrative purposes only and differ from the current state of the property.
We have NOT modified the physical fabric or fittings of this property.
Important Buyer Information: To progress your offer, we are legally required to verify your identity, confirm your source of funds, and assess affordability. This process incurs a fee of £50 (inc.
VAT) for sole buyers, or £100 (inc. VAT) for joint buyers, regardless of the number of individuals involved.
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.
Area
Agent & docs
FAQ
About City Exchange, Lowgate, Hull, HU1 1AA
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