2-bedroom flat · HU2 8BL
For saleReduced £10k (−14.2%) on 15 AugListed 313 days
Opportunity summary
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About
Offered for sale exclusively to landlords is this well proportioned, two bedroom, ground floor apartment in Hull City Centre.
Sold with tenant in situ, currently paying £525 pcm, this property is ideal for landlords looking to add to their portfolio but would also suit those starting out on their investment journey.
Built in 2007, the property benefits from 180 years remaining on the lease and a 'C' rating on the Energy Performance Certificate (EPC).
Briefly comprising, to the ground floor: Secure entry via intercom system and communal entrance, The apartment has its own private hallway with access to all room and a large storage cupboard, open plan lounge/ kitchen, two bedrooms and the bathroom with a three-piece suite, including a bathtub.
Ideally located in Hull City Centre, close to all local amenities including Paragon bus/train station, shops, bars, restaurants and transport links.
Viewing is highly recommended and can be arranged via our office. Summary Offered for sale exclusively to landlords is this well proportioned, two bedroom, ground floor apartment in Hull City Centre.
Sold with tenant in situ, currently paying £525 pcm, this property is ideal for landlords looking to add to their portfolio but would also suit those starting out on their investment journey.
Built in 2007, the property benefits from 180 years remaining on the lease and a 'C' rating on the Energy Performance Certificate (EPC).
Briefly comprising, to the ground floor: Secure entry via intercom system and communal entrance, The apartment has its own private hallway with access to all room and a large storage cupboard, open plan lounge/ kitchen, two bedrooms and the bathroom with a three-piece suite, including a bathtub.
Ideally located in Hull City Centre, close to all local amenities including Paragon bus/train station, shops, bars, restaurants and transport links.
Viewing is highly recommended and can be arranged via our office.
Communal Entrance Secure entrance via communal door with intercom system Hallway Access via solid door into private hallway with access to all rooms and a large storage cupboard.
Lounge/ Kitchen (5.53m x 4.28m max (18'1" x 14'0" max)) With double glazed window to the front with carpet flooring and radiator to living area.
Kitchen fitted with a range of base and wall mounted units, inset stainless steel sink, inset four-ring electric hob with extractor over and built in oven below.
Bedroom One (3.31m x 3.01m (10'10" x 9'10")) A generous double bedroom with double glazed window, carpet flooring and radiator.
Bedroom Two (2.71m x 2.34m (8'10" x 7'8")) With double glazed window to the front, carpet flooring and radiator.
Bathroom (2.55m x 1.35m (8'4" x 4'5")) Fitted with a three-piece suite in white, comprising panelled bath with shower over, pedestal sink unit and low level WC.
With heated towel rail and tiling to splashback areas. Council Tax Band We have been advised the property is council tax band B, payable to Hull City Council.
Additional Information Tenure: Leasehold - 199 years from 23 April 2007 less 1 day Service Charge: £231 per quarter (£924 per annum). Ground Rent: £125 per annum.
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.
Area
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FAQ
About Flat 4, 2, Reed Street, Hull
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