1 bed flat for sale

Egremont Russet Building 9-11, Wellington Street, Hull HU1

Guide Price £100,000 - £110,000 plus Reservation Fee

This one-bedroom second-floor apartment occupies a prime position in one of Hulls’ most vibrant and up-and-coming areas, ideally situated close to Wellington Street, Hull city centre and the sought-after redeveloped Fruit Market area around Hull Marina. With significant investment and regeneration transforming the wider area, this is an appealing opportunity for investors looking to secure a property in a location attracting considerable interest.

The apartment would make an ideal investment opportunity or first-time buyer home, while potentially appealing to those considering the holiday letting or serviced accommodation markets, subject to the terms of the lease, any necessary permissions and applicable regulations.

The development benefits from a communal entrance with lift access to the second floor, together with a main staircase. The apartment itself opens into an entrance hall with a built-in storage cupboard housing the hot water cylinder.

The main bedroom is a double room enjoying an open outlook to the front of the property. The spacious open-plan living and kitchen area also benefits from a front-facing view, creating a bright and practical space for relaxing, dining and entertaining. A contemporary shower room completes the accommodation.

The apartment is offered with zero ground rent, a service charge of approximately £100 per calendar month and a remaining lease term of 118 years. These details, together with the property's central location, make it an opportunity worth considering for buyers seeking a city apartment with both owner-occupier and investment appeal. Each apartment owner has a share of the freehold via the management company.

The surrounding area has benefited from substantial regeneration and investment, with the nearby waterfront, independent businesses, cafés, bars and restaurants contributing to its appeal. The location is well placed for city-centre amenities, employment opportunities and transport links.

Offered for sale with no chain involved and vacant possession, this well-positioned apartment offers an opportunity to secure a property in a popular urban location. Early viewing is recommended.

Key Features
One-Bedroom Second-Floor Apartment
Prime Fruit Market Location
Close to Wellington Street and Hull City Centre
Investment Opportunity
Ideal First-Time Buyer Home
Spacious Open-Plan Living/Kitchen Area
Double Bedroom with Open Front Outlook
Contemporary Shower Room
Communal Entrance with Lift Access
Zero Ground Rent
Service Charge Approximately £100 pcm
118 Years Remaining on Lease
Potential Holiday Let or Serviced Accommodation Appeal, Subject to Lease Terms and Permissions
No Chain Involved
Vacant Possession

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, including:

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 identity and provide proof of funds as part of our compliance process.

rezee may offer related services, including conveyancing, mortgage advice and surveying, and may receive referral fees from third-party providers.

Whilst every care has been taken in preparing these sales particulars, they do not constitute any part of an offer or contract and should not be relied upon as statements of fact. Buyers should satisfy themselves as to the accuracy of all information provided.

Stamp Duty (sdlt):
Liability for Stamp Duty Land Tax depends upon the purchase price and the buyer's individual circumstances. Purchasers should seek advice from their solicitor or tax adviser to establish whether sdlt is payable and, if so, the amount due.

rezee's Approach:
Our innovative selling process provides a secure and transparent way to buy property, helping to reduce the risk of failed transactions and providing greater certainty for both buyers and sellers.