2-bedroom house · HU1 2AN
To rentReduced £20 (−2.5%) on 7 OctListed 59 days · slow let
Opportunity summary
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About
*BRAND NEW DEVELOPMENT IN HULL'S OLD TOWN* Two Bedroom Apartment with Luxury Fixtures & Fittings Throughout! Internet Included!
Property Information - Hanover House is a brand new conversion of apartments situated on Alfred Gelder Street in Hull's Old Town, opposite the Guildhall.
All apartments have been designed to a high specification with luxury fixtures and fittings throughout.
The development benefits from WIFI controlled central heating, secure video entry system, ground floor CCTV and internet is included! Apartment 7 is a superb first floor two bedroom apartment.
It has a spacious open plan lounge and modern fitted kitchen with integrated appliances (fridge freezer, dishwasher, cooker, hob and extractor fan, washing machine) and a contemporary shower room.
Both bedrooms are spacious doubles and overlook the beautiful Guildhall.
Tenant Information - Before the tenancy starts (payable to Poppy Residential) - Holding Deposit: 1 week's rent - Deposit: 5 week's rent During the tenancy (payable to Poppy Residential) - Payment of up to £50 if you want to make a change to the tenancy agreement - Payment of interest for the late payment of rent at a rate of 3% above the Bank of England Base rate from the due date until paid in order to pursue non-payment of rent.
Please note; this will not be levied until the rent is more than 14 days in arrears. - Tenants are liable for the actual cost of replacing any lost keys(s), permits or other security device(s).
If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord and/or any other persons requiring keys will be charged to the Tenant(s).
- If you wish to surrender the tenancy early you will be required to pay rent up until the date in which a new tenant moves into the property.
During the tenancy (payable to the provider) if permitted and applicable: - Utilities – gas, electricity, water - Communications – telephone and broadband - Installation of cable/satellite - Subscription to cable/satellite supplier - Television licence - Council Tax Tenant protection: Poppy Residential is a member of Property Redress Scheme.
You can find out more details on the agent's website or by contacting the agent directly. *Follow us on social media for the latest news, updates and competitions*
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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 Hanover House, Alfred Gelder Street, Hull
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