1-bedroom flat · HU10 6PQ
Listing removedReduced £5k (−12.5%) on 26 JunListed 718 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***Guide Price £40,000 - £50,000 plus Reservation Fee*** Investment Opportunity – Studio Ground Floor Flat Seize this outstanding investment opportunity! Situated in St.
Lukes Court, in one of East Riding’s most sought-after villages, this ground floor studio flat is an ideal choice for investors or those beginning their property journey.
The property combines a desirable location with practical features, making it an attractive proposition for the rental market.
The accommodation has been thoughtfully designed with a partitioned studio layout, creating defined living and bedroom areas.
A fitted kitchen adds practicality, while a well-appointed shower room completes the internal layout. The flat also benefits from a large storage cupboard, ensuring everyday convenience for residents.
Externally, the property enjoys the advantage of off-street parking and access to the communal gardens, with a patio door opening directly onto outdoor space.
With some improvements, for rental it has the potential to achieve up to £500 pcm.
Key Features Prime East Riding village location Ground floor studio apartment with partitioned layout Patio door access to communal gardens Fitted kitchen and shower room Ample storage space Off-street parking within St.
Lukes Court Excellent entry-level investment With improvements, could achieve up to £500 pcm Reservation Fee Applicable – T&c’s Apply Book Your Viewing Today!
**Fees, Exclusivity, and Disclaimer:** **Fees:** **Reservation Fee:** Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% to a minimum of £2500 plus VAT.
The Reservation Fee is paid on top of the purchase price.
This reservation fee ensures that the property is taken off the market as soon as a sale is agreed, eliminating gazumping, time wasting, and financial loss.
The Reservation Fee can be refunded under certain circumstances; i.e the seller deciding to pull out, a chain collapsing or structural issues verified by a structural survey.
For more information on what would qualify for a refund then please speak to the office **Exclusivity:** Following the payment of the reservation fee, rezee will facilitate a fixed exclusivity period of 90 days from draft contracts being issued.
During this time the property will be reserved, so there will be no risk of gazumping. **Process:** Our process: 1. Register your interest 2. Prepare your finances for the purchase 3.
Arrange a viewing 4. Make an offer 5. Secure your sale using our secure system 6.
Exchange and complete **Disclaimer:** The property has a Ready Sale Pack, which gives additional information regarding the property.
It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.
The Buyer is required to verify their id & show proof of funds.
rezee offers additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property.
rezee may receive a referral fee for these third-party services.
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
Stamp Duty, It's important for buyers to understand that not all property purchases incur Stamp Duty Land Tax (sdlt).
Certain exemptions and thresholds exist, which may mean that some buyers won't have to pay sdlt at all.
However, the specifics can vary based on several factors such as the purchase price, the buyer's circumstances and seller’s circumstances.
To determine whether sdlt applies to their purchase and to understand the amount they may be required to pay, buyers are encouraged to seek advice from a solicitor.
rezee innovative way of selling is a secure and straightforward way to buy property.
Please note: To ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.
Disclaimer Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% to a minimum of £2500 plus VAT.
The Reservation Fee is paid on top of the purchase price & deemed a part of the chargeable consideration when calculating Stamp Duty for the property.
The property has a Ready Sale Pack, which gives additional information regarding the property.
It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.
The Buyer is required to verify their id & show proof of funds.
rezee offer additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property.
rezee may receive a referral fee for these third party services.
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
We are required under Estate Agent's Act 1979 and the Provision of Information Regulations Act 1991 to point out that the client we are acting for on the sale of this property is a 'connected person' as defined by that act.
Have you heard of the new rezee way of selling your property? We offer a free service to sellers with fixed 60 day completion timelines. Call to find out more info.
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 7, St. Lukes Court, Hull
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