This modern, spacious 3rd floor apartment is positioned in the Hull City Centre presenting open views across the Hull Marina. A short walk away and within view is the Humber Street Fruit Market development with array of restaurants, café-bars and boutique shops.
The apartment is being sold with tenants in situ. The rent being achived is £810pcm.
Bright and fresh, the long, appealing living space is open to a well planned kitchen with integrated appliances. This lounge has windows fully across the east-facing side and provides a superb outlook.
The main entrance has a staircase extending to each landing and a lift for easy access. The apartment door opens to an entrance hall featuring a deep walk-in utility cupboard with a cloak area and plumbing for a washing machine. The double bedroom is a generous size with double mirror-fronted wardrobes and the bathroom has a full suite with a shower over the bath from the mixer taps, a vanity basin, WC. The walls are tiled up to the ceiling around the bath, a huge mirror is across the back wall and a heated towel rail finishes the room off.
The apartment is heated by efficient electric wall heaters and the windows are double glazed.
Fabulous walks along the waterfront are just outside of the front door. Shops, the vibrant Fruit Market and the Victoria Dock village are within easy reach with a children’s park and a well-regarded school. The central location offers easy transport to the M62 via the A63 (Castle Street).
* Annual city centre parking permit required. Please contact the office on 01482 348080 to discuss parking arrangements further.
Other points of note:
Tenure : Leasehold
Council Tax Band : B
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 0 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 3 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £425k | 0(5)** | ||
| £425k to £625k | 5 | ||
| £625k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
