1 bed flat for sale

Sykes Street, Hull HU2

Guide Price £55,000 - £60,000 plus Reservation Fee

An excellent opportunity to acquire a ground floor one-bedroom flat, offered to the market at a competitive price and representing an ideal purchase for first-time buyers or buy-to-let investors.

The accommodation briefly comprises a spacious lounge, a double bedroom, shower room and fitted kitchen. The property also benefits from surrounding communal outdoor spaces.

For investors, similar one-bedroom flats in the area typically achieve rental income in the region of £550–£600 per calendar month, providing an estimated potential rental income of £6,600–£7,200 per annum, subject to market conditions and occupancy. Which would provide an impressive 13% Gross Yield. There are roughly 110 years remaining on the lease. The service charge is £520 per annum and ground rent is 10 per annum.

Conveniently positioned within easy reach of Hull city centre and Hull New Theatre, the property is ideally located for access to a wide range of shops, amenities, entertainment facilities and transport links.

The property is offered for sale with no chain involved and vacant possession, allowing for a straightforward purchase.

Whether you're looking to take your first step onto the property ladder or add an affordable investment to your portfolio, this is an opportunity worth serious consideration.

Key Features
Ground floor one-bedroom flat
Offered at a competitive price
Spacious lounge
Double bedroom
Fitted kitchen
Shower room
Communal outdoor spaces
Estimated rental income £550–£600 pcm
Potential annual rental income £6,600–£7,200
Convenient location close to Hull city centre
Within easy reach of Hull New Theatre
No chain involved
vacant possession

Ideal first-time purchase or investment opportunity

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