1 bed Flat For Sale £20,000
This property is an ideal investment opportunity for first-time and experienced investors. The property comprises a maisonette apartment with living room and kitchen on the first floor and a bedroom and bathroom on the second floor. The property is double-glazed throughout and has the benefit of gas-fired central heating. Although in need of redecoration and some updating, it is priced to reflect this and provides an excellent opportunity to generate a strong annual yield.
Location
The property has on-street parking and is a short distance from both Hull City Centre and Hull Royal Infirmary. The property has an array of local amenities such as bars, shops and takeaways. This property has an abundance of potential.
Accommodation
On the first floor
Hall
Lounge
With double glazed sash style window to the front and a radiator.
Kitchen
Fitted kitchen with a range of base units, work surfaces, electric cooker point, stainless steel sink, boiler, radiator and double glazed sash style window to the front.
Second Floor
Landing
Bedroom
With double glazed velux style window to the front, eaves storage and a radiator.
Bathroom
With panelled bath with mixer tap serving the over bath shower, low-level W/C, pedestal wash hand basin, radiator and double glazed Velux style window.
Services
Understood to be connected to mains electric, water, gas, and drainage but the services have not been tested.
Tenure
The property is understood to be Leasehold and offered with the benefit of vacant possession upon completion. Full details of the lease will be available in the legal pack.
Council Tax Band
Council Tax is payable to the East Riding of Yorkshire Council. The property is shown on the Council Tax Property Bandings List in Valuation Band A.
Viewing
Strictly by appointment with the Auctioneers on[use Contact Agent Button]
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 22nd January 2024 and closing on Wednesday 24th January at 1.00pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire.
Conditions of Sale
The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and on-line at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.
Additional Fees
The purchaser will be required to pay an administration charge of £1,560 (£1,300 plus VAT) and a buyer’s premium of £600 (£500 plus VAT) in addition to the purchase price of the property.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Online bidding
If you want to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process: youtube.com/watch?v=ImXr4HXR36c
