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£55,000

Pennine Way, Hull, HU7

  • 2 beds
Terraced house

£55,000

  • 2 beds
Terraced house
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Estimate monthly mortgage payment:

£251 per month

Minimum deposit amount:

£2,750
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Council tax band: A.

This mid-terraced home is ideal for a buy-to-let investor due to the high rental demand for properties in the area. The property has until recently been let at £550 pcm but has potential for a higher rental level after a light refurbishment.  The gas centrally heated and double-glazed property would benefit from some redecoration and new floor coverings and briefly comprises an entrance porch, living room/diner, kitchen to the ground floor, and two double bedrooms, and a bathroom to the first floor.  Off-street parking to the front, together with a generous rear garden.
LocationSituated on Bransholme, close to well-regarded schools, North Point shopping centre and Kingswood retail park, which is home to a supermarket, a cinema and a range of retail outlets and restaurants.
ServicesAll mains services are connected to the property but have not been tested.
TenureWe understand the property to be freehold. Vacant possession on completion.
Council TaxCouncil Tax is payable to the Hull City Council. Online enquiry lists the property in the Council Tax Property Bandings List in Valuation Band A.*
EPC: C(71)
ViewingsStrictly by appointment with the auctioneers on 0845 400 9900.

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12.00 pm on Monday, 24th March 2025, and closing on Wednesday, 26th March, at 1.00 pm. For further legal information relating to this lot, please go 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 online 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 £900 (£750 plus VAT) and a buyer’s premium of £600 (£500 + VAT) in addition to the purchase price of the property.

Guide Price

Guides are provided as an indication of each sellers 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.

Solicitor

Leathes Prior, 74 The Close, Norwich, Norfolk, NR1 4DR, Ref: Stephen Wilson, Tel: 01603 281 012

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£251 per month
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Mortgage and legal costs:
£999
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