4 bed block of flats for sale

Spring Bank West, Hull HU3

Freehold Block of Two Self-Contained Flats – Excellent Investment Opportunity

Guide Price £130,000 - £140,000 plus Reservation Fee

An excellent opportunity to acquire a freehold block comprising two self-contained flats, both currently tenanted and offering the potential to generate an attractive rental income. With each flat estimated to achieve between £500 and £600 pcm, the combined potential rental income is approximately £1,000–£1,200 pcm, equating to £12,000–£14,400 per annum before any costs or expenses.

The substantial ground floor flat offers generous accommodation comprising two well-proportioned bedrooms, a spacious reception room, fitted kitchen and bathroom. The property also benefits from access to a low-maintenance rear garden, providing useful outdoor space for the ground floor occupant.

The first-floor flat is similarly generous in size and provides two bedrooms together with a fitted kitchen and bathroom. The layout offers comfortable and practical accommodation, making both units attractive to tenants and providing investors with two separate income streams.

The property is offered as a freehold block, providing an excellent opportunity for landlords looking to add a straightforward residential investment to their portfolio. Both flats are currently occupied, providing an immediate rental income, whilst there may be scope to review and potentially improve rents in the future, subject to the existing tenancy arrangements and market conditions.

The property also benefits from good transport links in and out of the city, providing convenient access to local amenities, employment areas and surrounding neighbourhoods. This makes it an appealing location for both existing and prospective tenants.

With two self-contained units, freehold ownership and two independent rental income streams, this property represents an excellent investment opportunity and is well worth consideration.

Key Features:

Freehold block comprising two self-contained flats
Both flats currently tenanted
Estimated rental income of £500–£600 pcm per flat
Combined estimated income of £1,000–£1,200 pcm
Potential annual income of £12,000–£14,400
Ground floor two-bedroom flat with garden
First-floor two-bedroom flat
Fitted kitchens and bathrooms
Good transport links in and out of the city
Excellent opportunity for residential investors

Fees, Exclusivity & Disclaimer

Reservation Fee:
Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 1.5% of the purchase price (minimum £2,500 + VAT). This fee is in addition to the purchase price. Once paid, the property will be immediately taken off the market, preventing gazumping, reducing delays, and providing peace of mind.

Refund Policy:
The Reservation Fee may be refunded only in specific circumstances, including:

The seller withdrawing from the sale
A chain collapsing beyond the Buyer's control
Significant structural issues confirmed by a qualified structural survey
For full details of refund eligibility, please contact our office.

Exclusivity:
Upon payment of the Reservation Fee, rezee grants the Buyer a fixed exclusivity period of 90 days from the issue of draft contracts. During this time, the property is reserved exclusively for the Buyer.

Buying Process:

Register your interest
Prepare your finances
Arrange a viewing
Make an offer
Secure the sale via our secure system
Exchange and complete
Important Information & Disclaimer:
A Ready Sale Pack containing detailed property information is available. Buyers are advised to review this pack and undertake their own due diligence before committing to purchase.

Buyers must verify their identity and provide proof of funds as part of our compliance process.

rezee may offer related services, including conveyancing, mortgage advice and surveying, and may receive referral fees from third-party providers.

Whilst every care has been taken in preparing these sales particulars, they do not constitute any part of an offer or contract and should not be relied upon as statements of fact. Buyers should satisfy themselves as to the accuracy of all information provided.

Rental Information:
The rental figures provided are estimates only and should not be regarded as guaranteed rental income. Buyers should satisfy themselves regarding the current tenancy agreements, rents payable, rental history and any applicable licensing requirements before proceeding with the purchase.

Stamp Duty (sdlt):
Liability for Stamp Duty Land Tax depends upon the purchase price and the buyer's individual circumstances. Purchasers should seek advice from their solicitor or tax adviser to establish whether sdlt is payable and, if so, the amount due.

rezee's Approach:
Our innovative selling process provides a secure and transparent way to buy property, helping to reduce the risk of failed transactions and providing greater certainty for both buyers and sellers.