11 Mar 2020
Ultralets are putting together a new series for our blog highlighting properties we find on the market with other agents which we think make reasonable buy to let investments. Different investments suit different investors, some will prioritise capital growth over time and others prefer to maximise rental yields, ideally, you'd want both of course! We will cover examples of all of these. Ultralets would always recommend discussing with other property professionals to get the most balanced view you can before any purchase. This is just guidance.
Marketing agent: Spring Estate Agents https://www.springestateagents.co.uk/
Asking price: £44,950.00
Address: 15 Lois Crescent, Albemarle Street, Hull HU3 3JS
Video walkthrough: https://www.youtube.com/watch?v=JSZZuSCNUc0
HU3 is an extremely popular investment area in Hull. It has always been a good location to invest due to its low purchase prices and reasonably good rental yield. Albemarle Street and the terraces off it have benefited from substantial investment by the local authority in front improvements. These improvements include external insulation and impressive metal fencing.
This property is situated between two main roads in the city, Anlaby Road and Hessle road whilst being close to Hull Royal infirmary and walking distance to the town centre.
I've viewed this property and taken a video walkthrough making some recommendations on a small bit of work required (just my opinion) to the get property ready for let. In short, it's pretty much there and ready to go. We would suggest a rental asking price of £375.00 PCM.
The typical tenant for a property like this would be a couple or a single person looking for a property with a little more space than a 1 bedroom apartment with a bit of outside space. There is a mix of skilled and unskilled labour in the HU3 area, a good tenant will likely be in full-time employment.
If you would like to view this property you should contact the marketing agent, Spring Estate Agents.
For questions about this or any other investment please contact Spencer Wood at Ultralets on 01482 562 562