Neil Kaye Estate Agents says ..

Property Oracle says ..

This property at 297 Spring Bank West in Kingston upon Hull is presented as a four-bedroom, four-bathroom terraced house currently operating as four self-contained rental apartments. The listing highlights its potential as an investment opportunity, emphasizing the existing rental income of £22,380 per annum. The location is positive, with the property being near several schools, including a primary school rated as ‘Outstanding’ by Ofsted. Proximity to Hull city centre and reasonable transport links to surrounding areas are also beneficial. However, the limited plot size is noteworthy. The property’s condition appears acceptable from the provided photos, indicating that some minor renovations or cosmetic updates might enhance its appeal further. While the property is presented as a good investment, the relatively high asking price compared to the total square footage and plot size should prompt potential buyers to thoroughly investigate the current rental market rates for similar properties in Hull and compare the offered rental income against prevailing market standards to confirm its profitability. A detailed inspection is crucial before making any investment decision.

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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