1-bedroom flat · HU3 2SF
For saleReduced £3k (−6.7%) on 29 AugListed 389 days
Opportunity summary
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About
A great opportunity for investors to acquire this well presented, first floor flat, situated on Coltman Street with long term tenant in situ, currently paying £420 pcm.
With gas central heating and UPVC double glazing and briefly comprises; to the ground floor, communal access and staircase to upper floor levels.
The flat, which is located on the first floor has entrance hallway, fitted kitchen, lounge to rear, bathroom with three piece suite and the generous double bedroom.
Externally, the property has an enclosed lawned communal garden, accessed via a passage way to the side of the property.
Located along Coltman Street, between Hessle Road and Anlaby Road, the property is close to the city centre, transport links at both at Hessle Road and Anlaby Road, easy access for Hull Royal Infirmary, range of shops on Hessle Road and Asda Supermarket.
Exclusively for investors, viewing is essential and can be arranged via our office! Ground Floor Communal Entrance Communal entrance to the front with fixed staircase to upper floor levels.
First Floor Private Entrance Via solid door into hallway with UPVC double glazed window to the side and radiator.
Lounge (4.33m x 2.92m (14'2" x 9'6")) With UPVC double glazed window to the rear, carpet flooring and radiator. Kitchen (2.53m x 2.27m (8'3" x 7'5")) With UPVC double glazed window to the side.
Fitted with a range of base and wall mounted units, laminated work surfaces and tiling to splashback areas, inset stainless steel sink unit, inset four-ring electric hob with extractor over and built in oven below.
Bedroom (4.40m x 3.37m (14'5" x 11'0")) A generous double bedroom with UPVC double glazed window to the rear, carpet flooring and radiator.
Bathroom (2.22m x 1.50m (7'3" x 4'11")) Fitted with a three piece suite, comprising panelled bath with shower attachment over, pedestal sink unit and low level WC.
With tiling to splashback areas, radiator and UPVC double glazed window to the side. Outside To the front is a gated forecourt garden and access to the communal entrance.
To the rear is a communal garden which is accessed via a gated passage way to the side and is mainly laid to lawn with gravelled area for seating.
Council Tax Band We have been advised the property is council tax band A, payable to Hull City Council.
Additional Information Tenure: Leasehold - 125 years from 1 January 2009 Service Charge: £1150 per annum Ground Rent: £150 Per Annum Disclaimer: Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers.
We would advise that any buyer make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 Flat 2, 111, Coltman Street, Kingston Upon Hull
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