I have found a potential Buy-to-let deal on Rightmove this week in the HU6 Area of Hull.
The property is advertised for £90,000 and is in close proximity to Hull University.
This three bedroom end terrace property offers huge scope for improvement with a large front garden which could be easily converted into a front driveway given the necessary planning consents. The accommodation briefly comprises entrance hall, through lounge/dining room and fitted kitchen, to the first floor three well proportioned bedrooms and family bathroom. The property can be purchased with no chain involved and vacant possession and would be suitable for the buy to let market with an estimated rental income of £550-£600 pcm depending on quality of finish.
The property is situated off Endike Lane which has a number of shops and amenities in the immediate area with local shopping available in Cottingham’s busy centre , Beverley High Road with its Tesco Superstore and the ever growing and popular Kingswood with a good choice of leisure facilities all within a short driving distance. There is good public transportation to both Hull City Centre and Beverley. Local schooling and recreational facilities are available nearby.
This Property is perfect for an investor if rented for £600 PCM you would get 8% yield. This property could also be made into a HMO and could get £80 per room per week giving a 13% yield.
http://www.rightmove.co.uk/property-for-sale/property-50582958.html
If you are an investor and would like a second opinion on a property you have seen, you can send the URL of the property to us via email hull@belvoir.co.uk. Alternately you can call our office on 01482 322300 or pop into our office and have a chat, the kettle is always on and we will even pull out the biscuits!
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