Small, investable flat with immediate rental potential near local amenities.
Estimated rental income c. £4,800 per annum
A compact one-bedroom first-floor studio offering a straightforward buy-to-let opportunity in HU6. The property is already estimated to achieve around £4,800pa rent in its current condition, making it suitable for investors seeking a low-entry purchase and short-term income. The flat has double glazing, electric storage heaters and a D61 EPC.
Sold at online auction and offered ‘as seen’, this lot suits buyers comfortable with auction timelines and additional purchase costs — a £1,200 administration charge plus a £1,500 buyer’s premium will be payable on completion. The lease has 89 years remaining (99-year lease from October 2015), and the gross internal area is under 30sqm, which may restrict mortgage options with some lenders.
Externally the building shows mid-20th-century brick and an overgrown garden and fence that will need clearing or repair. Timber-frame construction and the medium flooding risk should be considered when assessing long-term maintenance and insurance costs. This is a practical purchase for investors or a hands-on buyer prepared to tidy, update and manage the property post-sale.
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