2-Bed BTL in Hull

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.

🏡 OFF-MARKET -2-bed BTL | TENANT IN SITU | HULL, HU3

💰 £45,000 Purchase | 13.2% Gross Yield | 16% ROCE

2 Bed | 1 Bath | 65m² | Second-Floor Flat

A low-entry-cost, income-producing BTL with tenant already in situ, providing immediate rental income with no refurbishment required.

Lease Details:
• Approx. 87 years remaining
• Service Charge: £1,080 p.a.
• Ground Rent: £10 p.a.

Spacious accommodation with two double bedrooms, lounge, modern fitted kitchen and balcony/utility area. Conveniently located close to Hull Royal Infirmary, Hessle Road and Hull City Centre.

📦 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.

📩 Interested? Get in touch now for the full deal breakdown and portfolio details.

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 profit (£): £310
Annual profit: £3,723
Monthly rent: £495
Annual rent: £5,940
ROCE (%): 19%
Yield: 13%
Money left after refinance: £19,500
Investment required: £19,500