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.

An attractive freehold investment opportunity comprising two self-contained, two-bedroom apartments within a mid-terrace property, both currently tenanted and generating income from day one.
The property is offered under one freehold title, providing an investor with two income-producing units through a single acquisition.
Rental Income
• Flat 1-
• 2 bedrooms
• Current rent: £500 pcm,
• Market rent: £550 pcm
Flat 2
• 2 bedrooms
• Current rent: £550 pcm
• Market rent: £550 pcm
•
Total current rent: £1,050 pcm / £12,600 p.a.
Total market rent: £1,100 pcm / £13,200 p.a.
There is therefore scope to increase the existing rental income by bringing Flat 1 in line with the stated market rent.
Accommodation
Each self-contained apartment comprises:
• 2 bedrooms
• Lounge
• Kitchen
• Bathroom
• Gas central heating
• Separate boiler
• Split utilities
•
The property also benefits from a shared rear garden.
Condition
The property and both apartments are reported to be in good overall condition, with no immediate works required, making this a potentially straightforward, income-producing addition to an investor's portfolio.
Compliance
Flat 1
• EICR valid until October 2027
• Gas Safety due October 2026
• Council Tax: Band A
• EPC: C
• EPC expires August 2034
Flat 2
• EICR valid until February 2028
• Gas Safety due June 2027
• Council Tax: Band A
• EPC: D – potential C
• EPC expires July 2034

Investment Highlights
✓ Two tenanted 2-bedroom apartments
✓ One freehold title
✓ £12,600 current annual rental income
✓ £13,200 p.a. stated market rental potential
✓ Existing tenants – income from completion
✓ Separate boilers and utilities
✓ No immediate refurbishment required
✓ Long-term rental investment opportunity
A strong opportunity for an investor looking to acquire two established rental units under a single freehold with immediate cash flow and modest scope to increase the existing rental income.

Contact us for more details.

Financial Information
Current value: £125,000
Purchase price: £125,000
Purchase costs: £125,000
Refurb/works cost: £0
Sourcing fee: £4,000
GDV: £125,000
Monthly profit (£): £629
Annual profit: £7,552
Monthly rent: £1,050
Annual rent: £12,600
ROCE (%): 17%
Yield: 10%
Money left after refinance: £45,750
Investment required: £45,750