5 bedroom block of apartments for sale

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5 bedroom block of apartments for sale

Beresford Avenue, Hull
£210,000

Price History

Initial price £240,000
11/10/24 £210,000
Price Change -12.50%

Description

This investment opportunity is a student accommodation property located near Hull University, comprising two blocks of flats with a total of 5 bedrooms. The property is currently let to students for the 2023/2024 academic year, generating a gross rental income of £20,970. The gross yield is 8.74% per annum, with Flat 1 renting for £9,000 per year (bills exclusive) and Flat 2 renting for £11,970 per year (bills inclusive). The property offers a strong investment potential with a stable rental income and proximity to the university.