1 /23
£160,000
Morpeth Street, Hull, HU3
- 4 beds
£160,000
- 4 beds
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Buy with a mortgage
Estimate monthly mortgage payment:
£730 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£8,000
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**INVESTMENT OPPORTUNITY - OFFERS INVITED BETWEEN £160,000 - £170,000**
An excellent opportunity to acquire a high-yielding investment property generating a minimum 10.5% yield per annum**. This well-maintained block comprises four fully tenanted self-contained flats/studios, ideally located on Morpeth Street, just off the popular Spring Bank and within easy reach of the city centre.
This turnkey investment is perfect for landlords looking for a hands-off approach, with the option to continue our professional full-management service.
PROPERTY OVERVIEW*
Flat 1 - One-bedroom ground-floor flat with private rear garden.
- Rent: £395 PCM
- Council Tax Band: A
- EPC Rating: E
Flat 2 - One-bedroom first-floor flat.
- Rent: £395 PCM
- Council Tax Band: A
- EPC Rating: C
Flat 3 - Second-floor studio apartment.
- Rent: £350 PCM
- Council Tax Band: A
- EPC Rating: D
Flat 4 - First-floor rear studio.
- Rent: £340 PCM
- Council Tax Band: A
- EPC Rating: D
ADDITIONAL FEATURES
- External insulation to the rear of the property and dormers, enhancing energy efficiency.
- Fully tenanted with a strong rental history.
- Convenient location with excellent transport links and amenities nearby.
IMPORTANT NOTICE: Due to the size of Studio 4, some lenders may not offer a mortgage. Buyers are advised to check mortgage eligibility before arranging a viewing.
VIEWINGS STRICTLY BY APPOINTMENT - Demand for investment opportunities like this is high, so early viewing is recommended. Contact our office today to arrange a viewing.
Council Tax Band: A (Hull Council Tax)
Tenure: Freehold
Garden details: Communal Garden
Electricity supply: Mains
Heating: Gas Mains
Water supply: Mains
An excellent opportunity to acquire a high-yielding investment property generating a minimum 10.5% yield per annum**. This well-maintained block comprises four fully tenanted self-contained flats/studios, ideally located on Morpeth Street, just off the popular Spring Bank and within easy reach of the city centre.
This turnkey investment is perfect for landlords looking for a hands-off approach, with the option to continue our professional full-management service.
PROPERTY OVERVIEW*
Flat 1 - One-bedroom ground-floor flat with private rear garden.
- Rent: £395 PCM
- Council Tax Band: A
- EPC Rating: E
Flat 2 - One-bedroom first-floor flat.
- Rent: £395 PCM
- Council Tax Band: A
- EPC Rating: C
Flat 3 - Second-floor studio apartment.
- Rent: £350 PCM
- Council Tax Band: A
- EPC Rating: D
Flat 4 - First-floor rear studio.
- Rent: £340 PCM
- Council Tax Band: A
- EPC Rating: D
ADDITIONAL FEATURES
- External insulation to the rear of the property and dormers, enhancing energy efficiency.
- Fully tenanted with a strong rental history.
- Convenient location with excellent transport links and amenities nearby.
IMPORTANT NOTICE: Due to the size of Studio 4, some lenders may not offer a mortgage. Buyers are advised to check mortgage eligibility before arranging a viewing.
VIEWINGS STRICTLY BY APPOINTMENT - Demand for investment opportunities like this is high, so early viewing is recommended. Contact our office today to arrange a viewing.
Council Tax Band: A (Hull Council Tax)
Tenure: Freehold
Garden details: Communal Garden
Electricity supply: Mains
Heating: Gas Mains
Water supply: Mains
Mortgage calculator
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£730 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
HomeBuyer Service - Everything you need to purchase this property all in one place
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
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