1-bedroom flat · HU5 2SA
For saleReduced £5k (−7.8%) on 15 AugListed 165 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This apartment is offered for sale with a long-standing tenant in situ. The rental is currently £440pcm.
On the first floor of a purpose-built development, this appealing 1 bedroom apartment is a short walk to the University of Hull, with plenty of amenities close by.
Positioned close to everything that Beverley Road and Newland Avenue have to offer, this well-proportioned living space is available at a fraction of the cost usually associated with apartments in this location.
A low purchase price combined with small bills means that this property has been continually let. To investment buyers, the appeal is obvious.
The main entrance to the building is at the back and opens to an internal staircase extending to 2 separate apartments. No. 5 is configured with a hallway linking each of the rooms within.
A cupboard accessed from the hall provides an excellent storage option.
The lounge is a great space to the front of the building with windows to the front and side and the kitchen is fitted with base units and an electric cooker.
To the back is a double bedroom and the bathroom has a full suite with an electric shower over the bath, a basin and a WC. For a detailed exploration, please check out the Virtual Tour link!
Gascoigne Court is approximately 4km north of the Hull city centre, and a short drive from the Tesco Superstore on Beverley Road with easy access to Ennerdale Leisure Centre and the Kingswood Retail and Leisure Parks.
Other points of note: The service charge: £90pcm The length of lease remaining: 964 years Annual payment due to the freeholder (ground rent): Tbc Council Tax band A Current rent £440pcm Construction materials used: Brick and block.
Water source: Mains. Sewerage arrangements: Mains. Heating Supply: Others.
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
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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.
Area
Agent & docs
FAQ
About 5 Gascoigne Court, De Grey Street, Hull
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