2 bed block of flats for sale

Thoresby Street, Hull HU5

Guide Price £120,000 - £130,000 plus Reservation Fee

An excellent investment opportunity, this freehold building comprises two self-contained flats — a ground floor and first floor apartment — currently achieving a combined rent of £1,145 per calendar month, producing a combined annual income of £13,740. Based on a purchase price of £120,000, the property offers an impressive gross yield of 11.45%, making it a superb addition to any buy-to-let portfolio.

The property is ideally situated just off Princes Avenue, one of Hull’s most vibrant and sought-after areas. This lively district is well known for its thriving café culture, independent bars, and restaurants, all within walking distance. The location also provides easy access to Pearson Park, Hull City Centre, and the mkm Stadium, ensuring strong tenant demand year-round.

Offering a ready-made investment with tenants already in situ, this property combines strong rental returns with excellent long-term growth potential.

Key Features:

Freehold building comprising two self-contained flats
Both flats currently let at £1,145 pcm total (£13,740, per annum)
Attractive 11.45% gross rental yield (based on £120,000 purchase price)
Located off Princes Avenue, one of Hull’s most desirable areas
Surrounded by café bars, restaurants, and boutique shops
Convenient access to Pearson Park, mkm Stadium & Hull City Centre
Ideal turnkey investment with tenants in situ
Excellent long-term rental and capital growth potential

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, such as:

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 id and provide proof of funds as part of our compliance process.
rezee may offer related services (conveyancing, financial advice, surveying, etc.) and may receive referral fees from third-party providers. While we take care to ensure sales particulars are accurate, they do not form part of any offer or contract and should not be relied upon as statements of fact.

Stamp Duty (sdlt):
Not all property purchases are subject to sdlt. Liability depends on factors such as purchase price and buyers’ position. Buyers should seek advice from a solicitor or tax adviser to confirm whether sdlt applies to their purchase and how much they would have to pay.

rezee’s Approach:
Our innovative selling process provides a secure and transparent way to buy property, designed to protect all parties and reduce the risks of failed sales.