Southcoates Lane, Hull, HU9 3AU

About this property

A chance to acquire a traditional property which has produced successful returns as serviced accommodation over the last 4 years.

Extended to the rear ground floor making all the difference to the layout to now boast an additional dining or seating area plus a separate shower room. There are 3 bedrooms and modern bathroom on the first floor whilst the ground floor lounge has been configurated as a 4th bedroom for serviced accommodation.

With no onward chain, double glazing and gas central heating, it's in a popular location only a short distance from schools, amenities, East Park and Holderness Road.

Outside, there is a small forecourt to the front and a lawned rear garden with vehicular access to a garage/stores.

Managed by our serviced accommodation department and with non certified figures that show the property generated an average annual gross of £32,636 from 2022-2025. Please note these are not certified figures but clarification of occupancy and rates can be obtained from our serviced accommodation department. 

For an overview of average figures from 2022-2025 (non certified), please see the average annual breakdown below:

• Gross income: £32,636.65
• Operating Costs (management fee, cleaning/maintenance, utilities etc): £12,791.81
• Net profit: £19,844.85

These are excellent returns for a new investor or one seeking to add to their portfolio - a magnificent 19.19% gross yield or 11.67% net yield on average.

Viewing advised.

EPC Rated D

Council Tax Band B