Summary - 14 BROADLEY CLOSE HULL HU9 1EL
1 bed 1 bath Studio
Immediate rental income, sold at auction with quick legal completion available.
- Sold with tenant in situ, producing £400 per month rental income
A compact studio/one-bedroom apartment offered as an immediate investment opportunity, sold with tenant in situ and producing a rental income of £400 pcm. The property has its own private entrance, allocated off-street parking and an open-plan living/bedroom area with a separate kitchen, dressing/storage room and three-piece bathroom. It will be sold at auction via Secure Sale, enabling a quick exchange for buyers able to proceed.
Important practical points are clear: the lease has 66 years remaining and this will limit mortgage options — many lenders may refuse finance. The property is electric-heated by room heaters, has a D EPC rating, and sits in an area with very high crime and high deprivation; medium flood risk should be considered when assessing long-term holding costs and insurance.
This lot suits a cash buyer or experienced investor seeking an inexpensive, immediate rental return and potential to refurbish for higher yield. Ground rent is low at £30 pa and council tax band A keeps running costs modest, but buyers should factor in the reservation fee and non-refundable deposit required by the auction terms and check the full legal pack before bidding.
Viewing is by appointment; the sale will be with tenant in situ so the buyer inherits the current tenancy. For a buyer prepared to accept the lease length and local market profile, the low entry price and existing income create a straightforward, short-term investment play with scope for improvement and higher rents after refurbishment.
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