Summary - Ferens Court, HU1 HU1 2PA
1 bed 1 bath Flat
Low-entry, tenant-in-place buy-to-let near transport links.
1 bedroom second-floor flat, approx. 321 sq ft
A compact one-bedroom apartment positioned on the second floor of Ferens Court, offered specifically as an auction lot and presented with a tenant in situ. The open-plan lounge/kitchen and included appliances make it easy to manage from day one, while fast broadband and excellent mobile signal suit rental demand from students and city workers.
This lot is aimed at investors seeking a buy‑to‑let acquired quickly: the current tenant pays £660 pcm (utilities included) and the long lease (243 years remaining) reduces medium-term title risk. Communal access, city‑centre location and very close proximity to Paragon Interchange support ongoing rental demand and convenience for occupiers.
Buyers should note important transactional and location factors. The property is sold via online auction and carries purchase costs: a non-refundable 5% deposit on exchange and a reservation fee (up to 6% inc. VAT, minimum £6,000) on completion. The immediate area is very deprived with a very high crime rate, which can affect rental pricing and tenant profiles. The flat is small (approximately 321 sq ft) and heated via a community scheme, which may limit tenant appeal versus individual gas central heating.
Overall this is a low‑entry investment with instant income and long leasehold security, suitable for landlords who understand auction purchase mechanics and the challenges of letting in a deprived, high‑crime city‑centre neighbourhood.
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