Summary - Flat 410 Tivoli House, South Street, HULL HU1 3AX
1 bed 1 bath Flat
**Standout Features:**
- **Location:** Prime spot in Hull City Centre with excellent transport links and proximity to amenities.
- **Investment Opportunity:** Currently tenanted with a rental income of £550 pcm (total annual rent: £6,600) and a net yield of 7.3%.
- **Leasehold:** 250 years remaining with a ground rent of £300 per annum.
- **Living Space:** Compact, modern one-bedroom layout with an open-plan kitchen and living area.
**Potential Downsides:**
- **Small Size:** Overall size is 388 sqft, which may not suit everyone.
- **High Crime Rate:** Local area experiences very high crime, which may concern potential residents.
This modern one-bedroom flat is perfect for investors seeking a reliable income stream or first-time buyers looking for a vibrant city living experience. The open-plan living area is filled with natural light and includes a functional kitchen, while the bedroom offers city views through a large window. Convenience is at your doorstep, with an array of shops, eateries, and services within walking distance, making this an attractive option for students or young professionals.
However, keep in mind the compact nature of the space and the high crime rate in the area, which may necessitate caution. The property presents future renovation potential, allowing you to tailor the space to your liking while benefiting from a long lease. Don't miss this opportunity—properties like this that combine location and income potential in the heart of Hull are moving fast!
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