1 bed apartment for sale

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Fully furnished Duplex Apartment - Hull Fruit Market - £157,999. Turnkey one-bedroom investment opportunity with secure parking.

A beautifully presented one-bedroom duplex apartment at Egremont Russet, Wellington Street, Hull HU1, offered for private sale at £157,999.

Approximately 52 sq m (560 sq ft) over two floors, the apartment is being sold fully furnished and equipped, making it particularly attractive to a landlord looking for a property that can be let without the usual cost of furnishing and equipping it.

Investment highlights:

* £157,999 asking price
* One-bedroom purpose-built duplex
* Approximately 52 sq m / 560 sq ft
* Secure gated courtyard with dedicated marked parking space
* Desirable Fruit Market / Hull Marina location
* Fully furnished and equipped
* Ready to occupy or prepare for letting
* Modern fully equipped kitchen
* Newly renovated bathroom
* King-size zip-and-link bed with quality Harrison Spinks pocket-sprung mattress
* Two useful work-from-home areas
* Extensive furniture, furnishings and kitchen equipment included
* Original commissioned artwork throughout
* Communal roof terrace with panoramic views, currently undergoing refurbishment
* Share of freehold
* Service charge currently £100 per month, expected to increase shortly to £140

Established short-stay market.

Serviced/visitor accommodation already operates within Egremont Russet, including one-bedroom duplex apartments.

The seller understands that comparable duplex apartments within the building can achieve approximately £70–£110 per night, depending on the length and nature of the booking. This is provided as market information only and is not a guaranteed income figure.

There is therefore potential for an investor to consider different letting strategies, including conventional long-term letting or, subject to all relevant requirements, short- or medium-term accommodation.

One-bedroom apartments within Egremont Russet are also currently being marketed for conventional long-term rental, providing a further reference point for investors considering a standard tenancy.

Any purchaser considering short-term or serviced accommodation must satisfy themselves regarding the lease, building rules, insurance, planning and licensing requirements and any other applicable regulations.

The turnkey advantage

A significant benefit for an investor is that the apartment is being sold fully furnished and equipped.

The sale includes:
* Furniture and furnishings
* Sofa and armchair
* Flat-screen TV
* Dining table and chairs
* King-size zip-and-link bed
* Harrison Spinks mattress
* Wardrobe and bedside furniture
* Desk/dressing table and lamp
* Fridge/freezer
* Oven and hob
* Microwave
* Dishwasher
* Washer/dryer
* Kitchen utensils
* Crockery, cutlery and pans
* Accessories and original commissioned artwork

The purchaser therefore does not have to budget for the usual initial furnishing and equipment costs associated with a buy-to-let property.

The apartment: The spacious open-plan living area provides comfortable lounge and dining space, with the dining table also offering an excellent home-working area.

The modern kitchen has ample storage and a full range of appliances.

Upstairs is a generous bedroom with king-size zip-and-link bed, allowing it to be configured as two singles if required, together with a large desk/dressing table providing a second work-from-home area.

The newly renovated bathroom includes a bath with shower over, WC, basin and heated towel rail.

Location: Egremont Russet is located in Hull’s popular Fruit Market neighbourhood, close to Hull Marina, the waterfront and city centre. The surrounding area offers restaurants, cafés, bars and independent businesses, while nearby businesses and organisations include C4Di and the Hull and East Yorkshire Combined Authority. The location provides convenient access to the city centre and waterfront, making the apartment suitable for both longer-term residents and visitors.

Particularly suited to investors outside Hull. For landlords based elsewhere in the UK, this represents an opportunity to acquire a fully furnished city-centre property at £157,999, with secure parking and an established short-stay accommodation presence within the building.

The apartment’s turnkey condition means there is no need to undertake a furnishing project before putting it into use, subject to the purchaser’s chosen letting strategy and all applicable requirements.

Price: £157,999

Private sale – no estate agents. Viewings by arrangement.