Summary - Flat 2, 403 Anlaby Road HU3 6AB
2 bed 1 bath Flat
Income-producing apartment near hospital and city centre with tenant paying £495pcm.
Tenant in situ on AST paying £495 pcm (£6,300 pa)
Set in a Victorian terrace on Anlaby Road, this compact leasehold apartment offers an immediate income stream for a buy-to-let investor. The property is currently let on an AST at £495 per calendar month, producing £6,300 annually. Accommodation comprises two bedrooms, an open-plan kitchen/living area and a modern bathroom within 366 sq ft on the first floor. EPC C and gas central heating offer reasonable running efficiency.
Practical details suit a hands-off investor: 108 years remaining on the lease, a modest ground rent of £37 and an average service charge of around £1,200 per year (maintenance/management via Strada Homes Ltd). Council Tax Band A keeps local charges low. Proximity to Hull Royal Infirmary, the city centre and local amenities supports rental demand from professionals and hospital staff.
Be clear about limitations: the flat is small and typical of converted period stock—solid brick walls likely lack cavity insulation. The wider area scores high for crime and very high on deprivation indexes, which can affect tenant turnover and resale appeal. The property is sold with a tenant in situ, so vacant possession is not immediate.
This is a straightforward, let-out investment with scope for rental optimisation over time. Buyers should budget for ongoing service-charge obligations and consider targeted improvements or management strategies to mitigate local area challenges.
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