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2 bedroom Mid Terrace House for sale, Sunny Grove, Sharp Street, East Riding of Yorkshi, HU5
Features and Description
- ATTENTION LANDLORDS & INVESTORS – Attractive two-bedroom period terrace offered exclusively as an investment purchase.
- An appealing opportunity to add to your rental portfolio.
- TENANTS ALREADY IN SITU – An established rental investment from day one.
- £600 PCM CURRENT RENT – Producing an annual rental income of £7,200.
- 9% POTENTIAL GROSS RENTAL YIELD – A very attractive headline return.
- TWO DOUBLE BEDROOMS – Nicely proportioned first-floor accommodation.
- COMFORTABLE SITTING ROOM – Leading through to a well-fitted kitchen.
- MODERN BATHROOM – Three-piece white suite complete with shower.
- GAS CENTRAL HEATING & DOUBLE GLAZING – Practical comforts throughout.
- POPULAR HU5 NEWLAND LOCATION – Close to Newland Avenue's independent shops, cafés and eateries. Front forecourt and rear courtyard. EPC GRADE D. COUNCIL TAX BAND A.
ATTENTION LANDLORDS & INVESTORS – A READY-MADE RENTAL INVESTMENT WITH TENANTS ALREADY IN SITU!
Now here's an opportunity to get your rental portfolio working from day one! This appealing two-bedroom, forecourt-fronted period terrace is being offered to the market exclusively as an investment purchase, with tenants already comfortably in occupation and currently paying £600 per calendar month. With an asking price of just £80,000, that's an annual rental income of £7,200, equating to an attractive 9% GROSS RENTAL YIELD. An established income, a popular rental location and no need to start from scratch – what's not to like?
Situated off Sharp Street, within the ever-popular Newland Avenue district of the city, the property enjoys a convenient HU5 location with an excellent selection of local amenities close at hand. From independent shops and cafés to popular eateries and everyday essentials, Newland Avenue has plenty to offer, making this a particularly appealing location for the rental market.
Benefiting from gas central heating via radiators and double glazing, the well-proportioned accommodation begins with a comfortable sitting room, leading through to a well-fitted kitchen. A rear lobby provides access to the modern bathroom, complete with a three-piece suite and shower.
Moving upstairs, the first-floor landing provides access to two nicely proportioned double bedrooms, offering practical and comfortable accommodation for tenants.
The property continues to deliver with an enclosed forecourt garden to the front, whilst to the rear is a further enclosed courtyard area, providing manageable outdoor space without demanding too much attention.
THE INVESTMENT FIGURES
Asking Price: £80,000
Current Rental Income: £600 PCM
Annual Rental Income: £7,200
Potential Gross Rental Yield: 9%
Council Tax Band: A – Kingston upon Hull City Council
EPC Rating: D
A TENANTED INVESTMENT, A POPULAR HU5 LOCATION AND A HEADLINE 9% GROSS YIELD! Whether you're adding to an established portfolio or taking your first steps into property investment, this one certainly deserves your attention!
Sitting Room
11'10" x 11'9" (3.60m x 3.58m)
A welcoming reception room positioned at the front of the property, offering a comfortable space for relaxing and everyday living. There's plenty of natural light courtesy of the double-glazed walk-in bay window, with laminate flooring, decorative ceiling coving and radiator. Accessed via the double-glazed composite entrance door, the room also provides direct access through to the kitchen.
Breakfast Kitchen
11'9" x 9'1" (3.58m x 2.77m)
A well-equipped kitchen fitted with an attractive range of Shaker-style wall and base units, incorporating cupboards and drawers, complemented by laminate work surfaces and ceramic tiled splashbacks. There's a stainless steel sink unit with mixer tap positioned beneath the rear-facing double-glazed window, together with an integrated electric hob, built-under oven and extractor hood. Finished with ceramic flooring and ceiling coving, the staircase leads off to the first floor, with a further door providing access to the rear lobby.
Rear Lobby
4'4" x 3'7" (1.32m x 1.10m)
A useful additional space with a double-glazed entrance door providing access to the rear courtyard, together with a door leading through to the bathroom.
Bathroom
6'4" x 5'3" (1.93m x 1.60m)
Fitted with a three-piece white suite comprising a panelled bath with shower over, wash hand basin and low-flush WC. There's a side-facing double-glazed window, ceramic wall tiling and radiator.
Landing
A central landing providing access to both bedrooms.
Principal Bedroom
10'8" x 10'6" (3.25m x 3.20m)
A comfortable bedroom positioned at the front of the property, featuring a double-glazed window, laminate flooring and radiator.
Bedroom 2
10'5" x 8'10" (3.18m x 2.70m)
A second bedroom positioned to the rear, with a double-glazed window and radiator. Offering flexibility as a second bedroom, guest room or home working space.
Front Forecourt
To the front is an enclosed west-facing forecourt garden, approached via gated pedestrian access and providing an outdoor space to enjoy the afternoon sunshine.
Rear Courtyard
To the rear is a further enclosed courtyard area, offering a manageable, low-maintenance outdoor space with gated pedestrian access beyond.
Agent's Note 1
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 2
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.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
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 travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Sunny Grove, Sharp Street, East Riding of Yorkshi, HU5
Additional Information
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Property refHUL260716
-
EPCD
-
TenureFreehold
-
Council TaxA
-
Local authorityHull City Council
Similar properties for sale by Reeds Rains Hull Newland
A welcoming reception room positioned at the front of the property, offering a comfortable space for relaxing and everyday living. There's plenty of natural light courtesy of the double-glazed walk-in bay window, with laminate flooring, decorative ceiling coving and radiator. Accessed via the double-glazed composite entrance door, the room also provides direct access through to the kitchen.
A well-equipped kitchen fitted with an attractive range of Shaker-style wall and base units, incorporating cupboards and drawers, complemented by laminate work surfaces and ceramic tiled splashbacks. There's a stainless steel sink unit with mixer tap positioned beneath the rear-facing double-glazed window, together with an integrated electric hob, built-under oven and extractor hood. Finished with ceramic flooring and ceiling coving, the staircase leads off to the first floor, with a further door providing access to the rear lobby.
Fitted with a three-piece white suite comprising a panelled bath with shower over, wash hand basin and low-flush WC. There's a side-facing double-glazed window, ceramic wall tiling and radiator.
A comfortable bedroom positioned at the front of the property, featuring a double-glazed window, laminate flooring and radiator.
A second bedroom positioned to the rear, with a double-glazed window and radiator. Offering flexibility as a second bedroom, guest room or home working space.
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Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
64Potential
84CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
