Cash buyers only; can be sold with tenant paying £650 pcm
Modern city-centre first-floor apartment with gated parking
110 years remaining on lease (leasehold)
Service charge ~£1,850.28pa; ground rent ~£303.20pa
Electric room-heater heating; potential higher running costs
Small overall size (approx 614 sqft) — compact accommodation
Medium flood risk and above-average local crime rate
Area classified as very deprived — consider demand and resale risk
This first-floor, two-bedroom apartment sits in the heart of Hull city centre, a short walk from St Stephen’s and the Paragon Interchange. Offered for cash buyers, the property can be sold with a tenant in situ paying £650 pcm, providing immediate rental income. The building is modern (built 2003–2006) and includes secure gated parking.
Internally the apartment has an open-plan living/kitchen area, two bedrooms (one with en suite) and a main bathroom. The home is double-glazed and heated by electric room heaters; the specification is straightforward and low-maintenance but not gas-heated, so running costs can be higher. Service charge and ground rent apply (approx £1,850.28pa service charge and £303.20pa ground rent).
There are material location and safety considerations to note: the neighbourhood is classified as very deprived with above-average crime and a medium flood risk. The property will therefore suit buyers who understand the local market dynamics—particularly investors seeking a city-centre let or cash buyers willing to accept the area’s wider social challenges.
Leasehold details are favourable for the short term: 110 years remaining on the lease. The current advertised price and the existing rent produce a high gross return before costs, but prospective purchasers should factor in service charges, potential maintenance, insurance, and local demand when assessing net yield. Cash buyers and investors who prioritise immediate income and central location will find this a pragmatic, city-centre opportunity.
