£135,000
4 bed flat for saleNewland Avenue, Hull, East Yorkshire HU5
4 beds
2 baths
EPC Rating: D
Just added
Freehold
About this property
Attention investors - two self-contained flats under one roof
Combined rental income of £1,000 pcm (£12,000 per annum gross)
Approx. 8.9% gross yield at asking price of £135,000
Both flats currently tenanted on periodic agreements
Each flat offers two-bedroom accommodation
Garage to the rear not included in current tenancies
Popular location close to Hull University and local amenities
Flat A EPC Rating C | Flat B EPC Rating D
Council Tax Band A per flat (Hull City Council)
Freehold property (subject to solicitor confirmation)
Attention investors - this is the kind of opportunity that rarely hangs around for long.
Offering two self-contained flats under one roof, this substantial end property provides an immediate income stream and an attractive gross yield of approximately 8.9% based on the asking price of £135,000.
Both flats are currently tenanted on periodic agreements and each achieve £500 pcm, generating a combined annual rental income of £12,000 gross per annum from day one.
Each flat offers well-proportioned two-bedroom accommodation and benefits from gas radiator central heating and double glazing, making them consistently appealing rental options in a location known for strong tenant demand.
To the rear of the property is a garage, which is currently not included within either tenancy agreement, offering potential additional rental income, storage, or future flexibility for the next owner.
Positioned in a highly convenient and consistently popular area, the property is particularly handy for Hull University and enjoys excellent access to local amenities including shops, bars, cafés, restaurants, and public transport links, together with straightforward access into Hull city centre.
Further information:
Freehold tenure (subject to solicitor confirmation)
Flat A – EPC Rating C
Flat B – EPC Rating D
Council Tax Band A per flat (Hull City Council)
Both flats currently let on periodic tenancies
Combined income of £12,000 per annum gross
Approx. 8.9% gross yield at asking price
A ready-made investment opportunity with income already in place and scope for future growth - early enquiry is strongly recommended.
Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
HUL260445/8
Agent's Note
To fulfil the obligation to share material information, please follow the web link where you'll find a comprehensive document containing key facts for buyers, providing valuable insights related to the property that you'll undoubtedly find useful.
Agent's Note Two
Hmrc is a supervisory body for money laundering regulations, of which all estate agents need to be registered. As part of this, there are multiple requirements that agents must rigorously and consistently meet to ensure they stay compliant with the regulations and protect their clients. To do this, we use an identity verification service, approved by the Government as part of the Digital Identity and Attributes Trust Framework (diatf). This method and the process we follow to ensure compliance for your transaction come with significant time, financial and legal implications hence a portion of this is passed on. We elected for this verification process due to the speed, certainty, and accuracy it delivers. This helps us to protect all our client's interests by using the most advanced verification process to help prevent the impacts of money laundering alongside our internal manual policies and procedures while staying compliant with hmrc.
Agent's Note Two Continued
The administrative charge for this process is £40 plus VAT for a sole purchaser, £65 plus VAT for two purchasers and £75 plus VAT three or more purchasers.
Offering two self-contained flats under one roof, this substantial end property provides an immediate income stream and an attractive gross yield of approximately 8.9% based on the asking price of £135,000.
Both flats are currently tenanted on periodic agreements and each achieve £500 pcm, generating a combined annual rental income of £12,000 gross per annum from day one.
Each flat offers well-proportioned two-bedroom accommodation and benefits from gas radiator central heating and double glazing, making them consistently appealing rental options in a location known for strong tenant demand.
To the rear of the property is a garage, which is currently not included within either tenancy agreement, offering potential additional rental income, storage, or future flexibility for the next owner.
Positioned in a highly convenient and consistently popular area, the property is particularly handy for Hull University and enjoys excellent access to local amenities including shops, bars, cafés, restaurants, and public transport links, together with straightforward access into Hull city centre.
Further information:
Freehold tenure (subject to solicitor confirmation)
Flat A – EPC Rating C
Flat B – EPC Rating D
Council Tax Band A per flat (Hull City Council)
Both flats currently let on periodic tenancies
Combined income of £12,000 per annum gross
Approx. 8.9% gross yield at asking price
A ready-made investment opportunity with income already in place and scope for future growth - early enquiry is strongly recommended.
Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
HUL260445/8
Agent's Note
To fulfil the obligation to share material information, please follow the web link where you'll find a comprehensive document containing key facts for buyers, providing valuable insights related to the property that you'll undoubtedly find useful.
Agent's Note Two
Hmrc is a supervisory body for money laundering regulations, of which all estate agents need to be registered. As part of this, there are multiple requirements that agents must rigorously and consistently meet to ensure they stay compliant with the regulations and protect their clients. To do this, we use an identity verification service, approved by the Government as part of the Digital Identity and Attributes Trust Framework (diatf). This method and the process we follow to ensure compliance for your transaction come with significant time, financial and legal implications hence a portion of this is passed on. We elected for this verification process due to the speed, certainty, and accuracy it delivers. This helps us to protect all our client's interests by using the most advanced verification process to help prevent the impacts of money laundering alongside our internal manual policies and procedures while staying compliant with hmrc.
Agent's Note Two Continued
The administrative charge for this process is £40 plus VAT for a sole purchaser, £65 plus VAT for two purchasers and £75 plus VAT three or more purchasers.
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