Neil Kaye Estate Agents says ..

Property Oracle says ..

This 4-bedroom, 2-bathroom terraced house located on Lambert Street in Hull is presented as an investment opportunity, currently tenanted at £700 per calendar month. The property’s location in the Beverley & Newland area offers proximity to local amenities and schools, including several rated ‘Good’ by Ofsted. Transport links to Hull city centre are also relatively accessible.

The property’s condition is a mixed bag. The provided images show the interior to be somewhat dated; although the living room appears relatively well-maintained, other areas such as the bathrooms and bedrooms exhibit signs of wear and tear or require modernization. A refurbishment could significantly enhance its appeal. The relatively small, unkempt rear garden is a further area needing attention.

The list price of £115,000 requires context. Comparable properties on Lambert Street vary in price, and a lack of precise square footage data hinders a definitive valuation. However, considering the need for potential renovation, the price appears reasonable. The consistent rental income of £700 per calendar month might support the price for investors seeking rental returns.

Overall, this property presents a complex picture. Whilst it offers several attractive features, such as location and rental potential, potential buyers should factor in the required renovations and the relatively small garden size. A comprehensive survey is crucial before committing to purchase.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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