Auction Property 5 Bed House 

Anlaby Road, Hull

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Features

  • EMAIL ENQUIRIES ONLY to property@johnpye.co.uk
  • Auction date: 26th & 27th May 2020
  • Traditional three storey terrace property
  • Comprising five self-contained flats
  • Requiring full refurbishment throughout
  • Potential to add capital value
  • Approximately 232 Sq. M (2,500 Sq. Ft)
  • Within close proximity to local amenities
  • Popular rental location
  • Freehold

Quick Details

5 Bedrooms5 Receptions5 Bathrooms

Address

553 Anlaby RoadHullYorkshireHU3 6HP
Details
Floorplans
Map
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Property Details

•For Sale By Online Auction – 26th & 27th May 2020
•Guide Price: £99,500+
•Block of five flats requiring refurbishment
•Potential to add capital value
•Freehold

•For Sale By Online Auction – 26th & 27th May 2020
•Guide Price: £99,500+
•Block of five flats requiring refurbishment
•Potential to add capital value
•Freehold

This substantial period mid terrace property comprises five self-contained one-bedroom flats therein. The property is well located for all amenities and fronts Anlaby Road a popular connecting road into Hull city centre which is just 1.5 miles from the property.

The internal accommodation is spacious and arranged over three floors with each flat enjoying separate kitchen, living room and bathroom facilities.

The property retains many period features internally, however, requires a full programme of refurbishment throughout and offers excellent potential to add capital value.

Externally the property benefits from having well proportioned front and rear gardens and on street parking is available nearby.

Accommodation

Flat 1 – Approx. 48 Sq. M
Flat 2 – Approx. 46 Sq. M
Flat 3 – Approx. 50 Sq. M
Flat 4 – Approx. 50 Sq. M
Flat 5 – Approx. 43 Sq. M
All measurements taken from EPC’s.

Services

We understand the property to have mains electricity, water and drainage. However, we would advise all interested parties to make their own investigations.

Investment Analysis

The property offers potential to add capital value through a programme of refurbishment which is required throughout. There are outstanding improvement notices in place issued by Hull City Council copies of which are available for review within the legal pack.

The property is mostly vacant however, one of the flats is occupied and the property will be sold with the tenant in situ.

Following refurbishment, we estimate each flat will let for approximately £350 pcm, (£4,200 pa). Subject to full occupancy this would provide a total income of £21,000 pa and represents a potential gross yield of 21.11% pa based on the guide price.

Council Tax

Each flat is rated in Council Tax Band A. Council Tax payable (2020/21) is approximately £1,160.55.

Buyer’s Premium

2% (min. £3,600) inc. VAT

Guide Price

£99,500+

Floorplan

Please note the floorplan has been provided by a third party and we cannot guarantee the accuracy of the plan.

Floorplans

Location Map

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