3 bed terraced house for sale

Leads Road, Hull HU7

Description

An opportunity to purchase a three-bedroom freehold mid-terraced property on Leads Road, Hull, HU7 0BX, offered exclusively to investors at an asking price of £120,000, with tenants in situ.

Currently managed by Higson Homes, the property has an established tenancy which began on 2 July 2022. The current rent is £675 per calendar month, with the last rent increase taking effect in March 2026. The property is being sold subject to the existing tenancy, which will continue following completion.

The current rent generates £8,100 annually, representing a gross rental yield of 6.75% at the asking price.

Nearby three-bedroom rental comparables suggest scope for future rental growth. An indicative market rent of £795 per calendar month would generate £9,540 annually, equivalent to a potential gross yield of 7.95%. This estimate is subject to reviewing the property's current condition. Any future rent increase would be subject to the tenancy terms and applicable rent review requirements.

A floor plan will accompany the marketing particulars to illustrate the accommodation and room layout.

The gas safety inspection was completed on 30 April 2026, with the next inspection stated as due before 30 April 2027. The Electrical Installation Condition Report (eicr), dated 5 February 2026, records a satisfactory assessment, with the next inspection recommended by 5 February 2031. Copies of both reports are available on request.

The property has an EPC rating of D. The supplied EPC is dated 31 May 2017, with renewal due in May 2027. The property falls within Council Tax Band A.

The marketing photographs were taken in 2022 and may not reflect the property's present condition. More recent photographs from the latest inspection are available on request.

For further information, recent inspection photographs or to arrange a viewing, please contact Higson Homes on .

All yields are gross, calculated using the £120,000 asking price, and exclude purchase costs, management fees, maintenance, void periods and other expenditure. The potential rental figure is an estimate and is not guaranteed.

Council Tax Band: A (Hull Council Tax)
Tenure: Freehold