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Hull City Centre, HU1 XXX

1 Bedroom Flat

Luxury build-to-let apartments in a newly refurbished building with a glass-roofed atrium, elevator, CCTV, comprehensive sound-proofing, electronically-locked access points, superfast lightstream internet access as well as access to a modern and well lit roof garden. Gross yields for these high-spec units vary from 5.84% to 6.67% and the sellers have advised PS Investor Services that they are open to "sensible offers". Each apartment comes with a 130 year lease. Please note that two of the penthouse units are still under construction, however the units on sale are fully habitable (and come with white goods included and installed). Note PS Investor Services will not be charging a fee for this transaction. Please contact us below to receive full information including current Assured Shorthold Tenancy (AST) agreements, plans, elevations as well as our full accompanying due diligence pack.

  • Purchase Price:
    £130,000.00
  • Deposit (75% LTV):
    £32,500.00
  • Monthly Rental Figure:
    £750.00
  • Gross Yield:
    6.92%
  • Mortgage Figure (@ 3.35% Payrate*):
    £272.19
  • Monthly Service Charge:
    £50.00
  • Monthly Ground Rent:
    £8.33
  • Estimated Total Monthly Holding Costs:
    £605.18
  • Estimated Monthly Net Operating Income (NOI):
    £144.82
  • Estimated Net Yield (Pre Tax):
    1.34%
  • Estimated ROCE (Annual Net Operating Income / Deposit):
    5.35%
  • Estimated Annual Capital Growth Expectation:
    3-4%
  • Stamp Duty Charge:
    £4,000.00
  • Buyer's Legal Fees:
    £750.00
  • Seller's Legal Fees:
    £0.00
  • Lender's Legal Fees:
    £250.00
  • Estimated Refurbishment Costs:
    £0.00
  • Google Maps Area Link:
  • Bing Maps Area Link:
  • Wikipedia Link:
  • Local Authority Website:

* Average rate of the top 8 Limited Company (SPV) buy-to-let mortgages (based on a purchase price of £100,000 / £75,000 loan / 25-year term and therefore not the financing terms of this transaction). See our monthly factfiles for the latest figures.

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November 2019

Property Investor Factfile
Access
Property Expert Market Forecasts 2019 Selling Your Tenanted Property - Tax Implications - Simon Misiewicz Best Property Podcasts 2019 Modern Property Joint Venturing - Lisa Orme Blockchain and Property Birmingham Midshires - Current Buy-to-Let Lending - Phil Rickards Section 24 Finance Act - 22 Expert Insights Land Registry Digital Street - Laura Tombs The Future of the Private Rented Sector (PRS) - David Bond
National Landlords Association The Property Ombudsman Approved Code
Information Commissioner's Office The National Association Of Property Buyers Money Laundering Regulations