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Bishop Lane, Hull HU1 2 bed flat for sale
Bishop Lane, Hull HU1
£95,000
Bishop Lane, Hull HU1
£95,000
Our Summary
- It presents an excellent investment opportunity, as it is currently tenanted at £730 pcm, boasting a gross rental yield of 9
Description
This 2-bedroom flat is located in the heart of Hull's historic Old Town, a popular filming location for movies like Bodies, Enola Holmes 2, and Blitz. The property has been fully renovated to preserve its original period features and is currently tenanted at £730 per month, generating a gross rental yield of 9.22% and a net yield of 7.76%. With 240 years remaining on the lease, this presents an excellent investment opportunity. The property also comes with a 5-year ground rent review period and an annual service charge of £941. Potential buyers are advised to view the property in person before transferring any funds and are warned not to do so without doing so.