1-Bed BTL in Hull
About this property
The proposed strategy is to acquire the property and let it to tenants for consistent rental income and longer-term capital growth. The figures should be reviewed alongside local demand, expected running costs and finance terms.
This deal can generate high cashflow.
🏡 OFF-MARKET -1 bed-BTL -Tenants in Situ– HULL, HU7
Purchase Price: £45,000 | Gross Yield: 13% | ROCE: 16%
A low-entry-cost Tenants in Situ 1-bedroom ground-floor flat offering immediate rental income with no refurbishment required.
• 1 Bed | 1 Bath | 53m²
• Service Charge: £392 p.a.
• Ground Rent: £10 p.a.
• Leasehold: 107 years remaining
• Images taken pre-tenancy
Well located for local amenities and Kingswood Retail Park, making it an attractive rental proposition for working professionals.
Strong yield, low entry point and no immediate works required.
📦 Portfolio Opportunity: This property is also available as part of a 4-property leasehold portfolio in Hull, with the option to purchase individually or as a complete package.
📩 Enquire now for the full deal breakdown and further information.
Financial Information
Current value: £45,000
Purchase price: £45,000
Purchase costs: £45,000
Refurb/works cost: £0
Sourcing fee: £4,000
GDV: £45,000
Monthly rent: £475
Annual rent: £5,700
Investment required: £19,500
Investment calculators
Need finance? Sourced Financial Services specialise in HMO mortgages and can secure same-day decisions in principle.
Speak to a brokerAssumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.