Summary - Anlaby Road, Hull, East Riding of Yorkshire, HU1 2PA HU1 2PA
1 bed 1 bath Studio
Low-entry buy-to-let with immediate rental income and strong transport links.
Tenanted and sold at auction via online bidding (income from day one)
Low purchase price £40,000 — clear BMV investment prospect
Leasehold with 243 years remaining — long lease term
Service charge approx £2,034 pa and ground rent £300 pa
Very high local crime and very deprived area — demand risk
Small size 329 sq ft; compact one-bedroom studio layout
Community heating scheme — limited landlord control of heating costs
Excellent transport links near Paragon Interchange; fast broadband
This second-floor studio apartment in central Hull is presented as a clear buy-to-let opportunity, offered at a low guide price and sold with tenants in situ. With 329 sq ft of open-plan living, one double bedroom area, and a modern integrated kitchen, it delivers immediate rental income potential and minimal refurbishment need.
Practical details suit investor buyers: 243 years remain on the lease, council tax is low (Band A), and broadband and mobile signals are strong. The property is part of a building with a communal entrance and is close to Paragon Interchange, giving excellent public transport links and city-centre convenience for students or commuting tenants.
Notable costs and risks are set out plainly. Annual service charge is around £2,034 and ground rent about £300, which will affect net yields. The property sits in a very deprived area with very high recorded crime — factors that may influence demand, tenant types and insurance costs. Heating is via a community scheme, which can limit landlord control and affect running costs.
The flat will be sold at auction via secure online bidding and is classed as a below-market-value (BMV) investment. Investors should budget for standard wear-and-tear updating, confirm tenancy terms and income, and factor service charge and community heating arrangements into yield calculations. For those seeking a low-entry, city-centre investment with immediate occupancy, this offers a straightforward, high-turnover prospect; for cautious buyers, the social and cost implications require careful due diligence.
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