Summary - 62 KING STREET COTTINGHAM HU16 5QE
2 bed 1 bath Apartment
Ready-let town-centre flat offering immediate income and refurbishment potential.
Gross yield 9.75% at current rent of £650pcm
A large two-bedroom duplex flat in central Cottingham offered with long-term tenants in situ, providing immediate rental income. At approximately 818 sq ft, the layout supplies a generous lounge/diner, separate kitchen and two double bedrooms across two floors — practical living space for tenants or future refurbishing.
This is a clear investor opportunity: current rent £650pcm gives a gross yield of 9.75% and the property sits above local shops in a convenient town-centre location with fast broadband and excellent mobile signal. Council tax is very low, and there is no flood risk.
Buyers should note material drawbacks: the property is leasehold with only 65 years remaining, a level that will likely make mortgage lending difficult or impossible for some buyers. Ground rent is £600 per year, which is relatively high for the tenure. The building dates from the late 1960s/1970s and shows typical mid-century construction; some updating may be desirable.
Other practical points: there appears to be little or no private outdoor space and the immediate area records above-average crime rates. The flat suits investors seeking immediate yield or a cash buyer willing to carry a lease-extension or refurbishment project.
1 bedroom flat for sale in Coltman Street, Kingston Upon Hull, HU3 — £45,000 • 1 bed • 1 bath • 478 ft²
1 bedroom flat for sale in South Street, Hull, HU1 — £80,000 • 1 bed • 1 bath • 323 ft²
2 bedroom flat for sale in Beck Bank, Cottingham, HU16 4LH, HU16 — £120,000 • 2 bed • 1 bath • 656 ft²
2 bedroom flat for sale in Anlaby Road, Hull, HU3 — £52,500 • 2 bed • 1 bath • 366 ft²
1 bedroom apartment for sale in Ferens Court, Anlaby Road, Hull, HU1 2PA , HU1 — £65,000 • 1 bed • 1 bath
2 bedroom flat for sale in St. Andrews Court, Hull, HU4 — £99,950 • 2 bed • 1 bath • 721 ft²
