1 bed flat for sale

Bannister Drive, Hull HU9

Guide Price £45,000 - £55,000 plus Reservation Fee

An excellent opportunity to acquire a spacious first-floor one-bedroom flat, offered to the market with no onward chain and vacant possession. The property would make an ideal project for a first-time buyer looking to take their first step onto the property ladder, someone looking to downsize, or an investor seeking a property with scope to add value through refurbishment.

The flat offers generously proportioned rooms and benefits from double glazing, together with off-street parking and access to a rear garden. The property, however, has no heating system, and purchasers should take this into consideration when assessing the works and overall investment required.

The property has approximately 63 years remaining on the lease. Due to the remaining lease term and current condition, the property is considered particularly suitable for cash buyers or purchasers using bridging finance. Prospective purchasers should make their own enquiries with their chosen lender or finance provider to confirm their lending criteria and whether the property meets their requirements.

Once renovated, the property could make an excellent buy-to-let investment, with an estimated rental value of approximately £550–£650 pcm, subject to the standard of refurbishment and prevailing market conditions.

This is a fantastic opportunity for someone looking for a project with potential, whether that be a first home, a downsizing opportunity or an investment property.

Key Features:

Spacious First-Floor One Bedroom Flat
Approximately 63 Years Remaining on Lease
Off-Street Parking
Rear Garden
Double Glazing
Has No Heating System
Requires Refurbishment
Estimated Rental Value £550–£650 pcm
Suitable for Cash Buyers / Bridging Finance
Buyers to Check Lender Criteria
No Onward Chain
Vacant Possession
Ideal First-Time Buyer, Downsizer or Investor Opportunity

Ground Rent £50 per year

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.

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.