Income-producing leasehold flat with long-term tenants and rental uplift potential.
Three-bedroom flat producing £10,200pa; uplift potential to £12,000pa
A three-bedroom leasehold flat in HU9 presented as a buy-to-let with a long-term tenant in situ. The property produces a current gross annual income of £10,200 with rental uplift potential to around £12,000 at market rates, making it a clear income-focused opportunity for investors. The building is modern (early 1990s), double-glazed and gas‑central heated; the flat includes a balcony and a small garden area.
The apartment is well maintained overall but shows signs that some updating would increase value and rental appeal — neutral décor, carpet wear and some damp patches evident in internal photos. The flat is small (approximately 657 sq ft / 62.9 sqm) and sits on a lease with about 90 years remaining; tenure is leasehold so purchasers should review lease terms and any service charges carefully.
Practical considerations for investors: medium flood risk in the area, average local crime, excellent mobile signal and fast broadband. The current tenants have a stable payment record and say they intend to remain, which preserves immediate income but may limit vacant-possession options. A buyer’s premium will apply on purchase — confirm costs before committing.
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