2 Bed Flat For Sale Thoresby Street, Hull, HU5

£125,000- Flat

1 of 9
  • Description
  • Floor Plan
  • Street View
  • Maps
Last Updated: 8th May 2024

Description

We believe this property works best with a mortgage at 75% LTV or less based on a mortgage interest rate of 4.5%.\r
\r
The property consists of two, one bedroom flats on a single freehold. It was converted around 2005 when planning permission was sought to convert from a residential property. Historically being an end terrace on the corner of two streets this property was once a shop but was converted around 1989 to a single residence which the current owner subsequently divided into two smaller units for the rental market. This helped to significantly increase the income and returns on the property.\r
\r
The front door of the property leads to Flat A which, with the exception of the private hallway, is on the first floor of the property. The property is spacious offering a good sized front room, double bedroom, kitchen with space for small dining table and bathroom with shower over bath.\r
\r
Flat B is accessed from the rear of the property and as such benefits from the enclosed yard space which provides screened outside space for the occupant of the flat.\r
\r
The external UPVC door enters straight into the modern dining kitchen which is bright and spacious. There is a utility cupboard and shoe storage alcove to one side and a door leads into the modern bathroom with shower over bath.\r
\r
Through another door from the kitchen diner there is a good sized lounge with under stairs space for storage and access to the double bedroom which features built in furniture.\r
\r
\r
To receive a copy of the comprehensive brochure please register on our buyers database - visit our website to complete the buyers registration form.\r
\r
Buyers premium of £3,000 + VAT - payable in two parts:\r
- A non-refundable reservation fee of £1,500 plus VAT\r
- The balance is due upon legal completion (which is collected and paid by the buyers solicitor)
Agent Details
Realm 47
Suite 712, K2 Building, Bond Street, Hull, HU1 3EN

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this 2 bedroom property. See more properties like this.

£80,000
Hull, HU5
End Of Terrace
9.7
£79,995
Hull, HU2
Flat
9.6
£250,000
Hull, HU5
Of Multiple Occupation
9.4
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested