BTL in Hull - Tenant in Situ

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 BTL | TENANT IN SITU | HULL, HU3
Purchase Price: £45,000 | Gross Yield: 13%
2 Bed | 1 Bath | 64m²

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

Strong Rental Location
Well positioned for Hull Royal Infirmary, the Port of Hull and major local employers, with convenient access to Hull City Centre, the A63 and M62. The location offers good appeal to professionals, couples and NHS/local workers.

Lease Details:
• Approx. 88 years remaining
• Service Charge: £1,763 p.a.
• Ground Rent: £10 p.a.

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, property details and portfolio

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 (£): £154
Annual profit: £1,851
Monthly rent: £485
Annual rent: £5,820
ROCE (%): 9%
Yield: 13%
Money left after refinance: £19,500
Investment required: £19,500