19 Harley Street, Hull HU2 9BE
Asking Price
£175,000
Current rent
£1,575
Managed By Ultralets
Tenanted
Works Recommended
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19 Harley Street, Hull HU2 9BE
Block of 4 Flats - Freehold
Property Brief
Block of four flats situated off of Beverley Road and within a short walk to the city centre. Providing a good income already with scope to renovate and increase the rental potential. The conditions of the flats vary.
Flat 1
One-bed ground floor flat with a living space/kitchen and a bathroom. Fair condition throughout
Current rent: £375 pcm
Market rent: £375 pcm
EPC rating: D (C potential)
Size: 34 sq m
Council tax band: A
Flat 2
One-bed ground floor flat with a living space/kitchen and a bathroom. Also has access to the back garden. Fair condition, a couple of areas of mould noticeable.
Current rent: £400 pcm
Market rent: £400 pcm
EPC rating: D (C potential)
Size: 35 sq m
Council tax band: A
Flat 3
One-bed first-floor flat with a living space/kitchen and a bathroom. Generally fair condition, no issues to report.
Current rent: £375 pcm
Market rent: £400 pcm
EPC rating: D (C potential)
Size: 34 sq m
Council tax band: A
Flat 4
Three-bed duplex apartment situated on the first and second floors. with a living space/kitchen and a bathroom. Fair condition overall. Damp issue within a bedroom on the top (third floor). Current issue unknown.
Current rent: £425 pcm
Market rent: £500 pcm
EPC rating: E (D potential)
Size: 84 sq m
Council tax band: A
Compliance
All compliance documents and tenancy agreements on record.
Figures
Estimated upfront costs below:
Deposit = £43,750
Stamp duty = £8,750
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Ultralets fee = £3,150
Total = £57,345
Current yield is 10.8% (potential yield of 11.5% at market rents).
Buyer Disclaimer - https://bit.ly/3CzncNu
Key Features
Managed By Ultralets
Tenanted
Works Recommended
Apartment
6 Bedrooms
4 Bathrooms
Gas Central Heating
Double Glazing
Freehold
Location and area
Energy Performance Certificate
See below the energy charts for this property
Floor Plan
