10 Victoria Chambers, Hull HU1 1XR
Asking Price
£54,950
Current rent
£475
Managed By Ultralets
Tenanted
Works Recommended
Contact Liam to discuss further
Tenanted 1-Bed Duplex Apartment
Property Brief
One-bed duplex apartment located in the heart of Hull's city centre. The first floor briefly comprises a living room and double bedroom whilst the second floor includes a kitchen and bathroom. The property includes a unique spiral staircase separating the two floors. Total flat size is 53 sqm.
Condition Report
The apartment is in good condition overall however, there is a small crack in a living room window and the internal staircase is loose.
Rental Information
Current rent: £475 pcm (last increased in April 2024)
Market rent: £575 pcm
Tenancy agreement: Assured shorthold tenancy
Tenancy start date: August 2022
Leasehold Details
Term: 999-year lease starting on 1st January 2003
Service charge: £219.40 pcm
Reserve fund: £6.94 pcm
Ground rent: N/a
Comparables
A similar-sized but more modern 1-bed apartment listed for £90,000
Compliance
Electrical certificate (EICR): Test date February 2021
EPC rating: E (potential C)
Council Tax Band: A
Figures
Estimated upfront costs below:
Deposit = £13,750
Stamp duty = £2,747.50
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Total = £18,192.5
Current yield is 10.4% (or 9.7% at market rent and accounting for leasehold costs).
Buyer Disclaimer
https://bit.ly/3CzncNu
To speak to our in-house Mortgage Advisor, call the office on 01482 562562 and ask to speak to Jack Newton.
Managed By Ultralets
Tenanted
Works Recommended
Apartment
1 Bedroom
1 Bathroom
Leasehold
See below the energy charts for this property