Project Description

Location
Hull is 25 miles north-east of Scunthorpe and 60 miles east of Leeds. Hull has been granted the highly coveted city of culture 2017.

The property is located on Durham Street, approximately 2 miles north-east of Hull city centre. Durham Street runs parallel with Jalland Street to the north and Mersey Street to the south.

Durham Street adjoins the A165 which provides direct road access to the city centre and Bridlington in the north.

Hull has recently become increasingly attractive to investors as it is currently undergoing major regeneration. As such companies including Seimens are locating to the area creating thousands of new jobs.

Description
The property is accessed directly from the street and has the benefit of unrestricted parking outside. The property is neutrally decorated throughout and consists of a large through lounge, open plan fitted kitchen / dining room with stainless steel oven, hob and extractor. In addition, a white three piece bathroom is located to the rear of the ground floor.

To the first floor the master bedroom has the benefit of a three piece en-suite facility with walk in shower. In addition, two further double bedrooms occupy this floor.

Stairs to the second floor lead to a large loft room which can easily be used as a fourth bedroom or a useful storage area.

To the rear of the property is a large garden.

Accommodation
Total    118m2    1270ft2
Approx. gross internal floor area as advised on the EPC register.

Services
We understand the property has mains electric, water and drainage.

The current owner has advised us that there are current safety certificates for the gas and electricity.

Tenure
Freehold

Investment Analysis
The property is currently let for £520 per calender month (£6,240 per annum) Representing a gross yield of 9%.

We are also advised the tenants would like to remain in the property on a long term basis.

Council Tax
The property is rated in Council Tax Band A. Council tax payable for 2016 /2017 is £980.31.

*Guide Price
£70,000+

Please note an inspection of this property has not been undertaken.

Viewing by Appointment

To view this property, please contact John Pye Property – property@johnpye.co.uk – 0115 970 6060

Please click the following link to access the legal pack documents – http://www.johnpye.auctiondocs.com/

Address

106 Durham Street
Garden Village
Hull
HU8 8RF

Features

✓ Current Rent £525pcm
✓ Reflects 9% gross yield
✓ Tenant in situ
✓ Ideal buy to let
✓ Strong rental area
✓ Popular residential area
✓ Four bedrooms
✓ 2 miles from city centre

Contact

Matt Kirk
Phone: 0115 970 6060
Email: property@johnpye.co.uk
Our Ref: PR135

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