4 bed property for sale

Coltman Street, Hull HU3

Tenure: Leasehold

Guide price - £130,000 - This terraced house forms part of a well-maintained multi-unit freehold block comprising three flats (2 x 1 bedroom and 1 x 2 bedroom), offering an exceptional investment opportunity with no onward chain.

Each flat in the block is currently occupied, generating a robust total rental income of £18,000 per annum and delivering an impressive gross yield of over 13.8%, making this a highly attractive addition to any investment portfolio.

The interiors are thoughtfully designed, featuring well-equipped living spaces that combine comfort and practicality, while modern fixtures and finishes create a warm and inviting atmosphere throughout.

Recent damp work has been expertly completed on flats one and two following a leak. Roof tiles and guttering was replaced, as well as the relevant damp work carried out, providing peace of mind with a comprehensive 10-year warranty in place, ensuring the ongoing quality and durability of the property.
There has been no issues regarding to flat 3.

The layout of each flat has been optimised to maximise space and natural light, offering a welcoming environment that is ready to move into and enjoy.

The property’s excellent location means residents benefit from easy access to the Hospital, a wide range of amenities, including shops, restaurants, and leisure facilities, all within easy reach, enhancing the overall appeal and lifestyle on offer.

Whether you are seeking a high-yielding investment or a centrally located home with proven rental potential, this property stands out.

The property has Japanese Knotweed present in the garden, which the current vendor is going to resolve.

Disclaimer

Anti-Money Laundering - We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal, who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £60(incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.

General Disclaimer - These property particulars are produced in good faith, are set out as a general guide only, and do not constitute any part of an offer or contract. While we endeavour to ensure accuracy, intending purchasers should not rely on these statements as representations of fact and must satisfy themselves by inspection or otherwise as to their correctness before making an offer.

Measurements - All measurements provided are approximate and for guidance purposes only. Floor plans are intended as a guide to layout only; they are not to scale.

Tenure - The property's tenure is stated according to our understanding at the time of listing, but this will be formally verified by the vendor’s solicitor.

Thinking Of Selling? - We would be delighted to offer a free - no obligation appraisal of your property and provide realistic advice in all aspects of the current market. Whether your property is not yet on the market or you are currently experiencing difficulty selling, all appraisals are carried out with complete confidentiality.