We are delighted to have secured this fantastic opportunity to purchase exceptionally spacious, modern, new build, 3-bed, 2-bath, semi-detached houses at the Marfleet Lane development in Hull. These properties have been discounted for our investors to only £138,000, 11% off the guide price. The houses are built to a high level of specification and include flooring turf and fencing. Plus each property benefits from two allocated off-street parking spaces to the rear.
There is a bus stop directly outside of the properties, along with a number of shops and amenities within walking distance and there are several Ofsted rated ‘good’ primary and secondary schools in the area.
According to letting agents Leef Property Management, these properties are in a high demand rental location. The proximity of the Marfleet Lane to Hull city centre (3.5 miles) makes it a great location for families and professional couples who want to be close to Hull, while enjoying outer-city living. They believe that the the properties will rent for £650 - £695 pcm, which would generate gross yields of up to 6%.
Reasons to Invest
- Currently being marketed for a guide price of £155,000, giving a discount of 11%
- Scheduled to be build complete in January 2020.
- Anticipated gross yield of up to 6% and a return on deposit monies of up to 16%.
- The University of Hull is less than 5 miles away, as is the Hull Royal Infirmary and Castle Hill Hospital.
- Excellent transport links via the Hull Paragon Interchange, with new high-speed trains expected to by operational early 2020.
- Hull has undergone a huge transformation as a result of being the UK’s City of Culture for 2017.
- 10 Year LABC Warranty.
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