Register or log in to the Ultralets investment portal to view more of our investment properties

6 McKinley Avenue, Hull HU3 3JR

Asking Price

£60,000

Current rent

£520


Tenanted

Works Recommended

Contact Liam to discuss further

Connect on LinkedIn

Mobile: 07361258548

Office: 01482 562 562

Email Address: liam@ultralets.co.uk

Our customers rate us an Excellent local agent

6 McKinley Avenue, Hull HU3 3JR

Asking Price

£60,000

Current rent

£520


Tenanted

Works Recommended

Contact Liam to discuss further

Connect on LinkedIn

Mobile: 07361258548

Office: 01482 562 562

Email Address: liam@ultralets.co.uk


6 McKinley Avenue, Hull HU3 3JR

Tenanted 2-Bed Terrace House - 10.4% Yield!

Property Brief
Tenanted two-bed terrace house located off Albemarle Street, within close proximity to Hull Royal and easy transport links to the city centre. The ground floor includes a living room, kitchen and bathroom, whilst the first floor briefly comprises two bedrooms. There are also small front and rear gardens.

Condition Report
The property appears to be structurally sound with no visible external defects. There are some recommended works internally. The kitchen and bathroom are both in a fair condition

Ultralets have provided a quote for the works - £1,356. The vendor will not be carrying out the works but open to an offer accordingly.

Rental Information
Current rent: £520 pcm
Market rent: The property is currently receiving the market rent

Comparables
Nearby properties in a similar condition typically listed for around £70,000. Also a couple of properties in far worse condition with moderate works required listed between £60,000 - £65,000.

Compliance
Electrical certificate (EICR): Test date October 2019
Gas safety certificate: Test date December 2023
EPC rating: D (potential B)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £15,000
Stamp duty = £1,800
Broker fee (Est.) = £500
Solicitor fee (Est.) = £1,000
Ultralets fee = £1,800

Total = £20,100

Current yield is 10.4%!

Buyer Disclaimer - https://bit.ly/3CzncNu


Key Features

Tenanted

Works Recommended

House

2 Bedrooms

1 Bathroom

Gas Central Heating

Double Glazing

Freehold


Location and area


Energy Performance Certificate

See below the energy charts for this property