4 bed block of flats for sale

Sanderson Close, Hull HU5

Guide Price £420,000 - £430,000 plus Reservation Fee

An outstanding opportunity to acquire a freehold block comprising four self-contained two-bedroom apartments within a modern development, all fully tenanted and generating an approximate combined rental income of £2,400 pcm (£28,800 per annum), equating to around £600 pcm per apartment. This is a true turnkey investment, offering immediate and consistent returns from day one.

The apartments are well-presented throughout and benefit from practical layouts, making them highly desirable to tenants. Each unit offers comfortable living accommodation, and the development further benefits from off-street parking, enhancing tenant appeal and long-term rental demand.

Ideally positioned just off Victoria Avenue in the sought-after Avenues area, the property is perfectly placed to take advantage of the vibrant lifestyle offered by nearby Newland Avenue, which boasts an excellent selection of café bars, shops, and restaurants. The location also provides easy access to local amenities, transport links, and key employment hubs, ensuring continued strong rental demand.

This is a rare opportunity to secure a modern, fully income-generating freehold block in a prime residential location—an ideal addition to any investor’s portfolio.

Key Features:

Freehold block of four two-bedroom apartments
Fully tenanted – ready-made investment
Generating approx. £2,400 pcm (£28,800 per annum)
Approx. £600 pcm per apartment
Modern development
Off-street parking available
Located in the sought-after Avenues area
Close to Newland Avenue’s cafés, bars, shops & amenities

Reservation Fee Applicable – T&c’s Apply
Book Your Viewing Today!

Fees, Exclusivity & Disclaimer

Reservation Fee:
Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 1.5% of the purchase price (minimum £2,500 + VAT). This fee is in addition to the purchase price. Once paid, the property will be immediately taken off the market, preventing gazumping, reducing delays, and providing peace of mind.

Refund Policy:
The Reservation Fee may be refunded only in specific circumstances, such as:

The seller withdrawing from the sale
A chain collapsing beyond the Buyer’s control
Significant structural issues confirmed by a qualified structural survey

For full details of refund eligibility, please contact our office.

Exclusivity:
Upon payment of the Reservation Fee, rezee grants the Buyer a fixed exclusivity period of 90 days from the issue of draft contracts. During this time, the property is reserved exclusively for the Buyer.

Buying Process:

Register your interest
Prepare your finances
Arrange a viewing
Make an offer
Secure the sale via our secure system
Exchange and complete

Important Information & Disclaimer:
A Ready Sale Pack containing detailed property information is available. Buyers are advised to review this pack and undertake their own due diligence before committing to purchase.
Buyers must verify their id and provide proof of funds as part of our compliance process.
rezee may offer related services (conveyancing, financial advice, surveying, etc.) and may receive referral fees from third-party providers.
While we take care to ensure sales particulars are accurate, they do not form part of any offer or contract and should not be relied upon as statements of fact.

Stamp Duty (sdlt):
Not all property purchases are subject to sdlt. Liability depends on factors such as purchase price and buyers position. Buyers should seek advice from a solicitor or tax adviser to confirm whether sdlt applies to their purchase and how much they would have to pay.

rezee’s Approach:
Our innovative selling process provides a secure and transparent way to buy property, designed to protect all parties and reduce the risks of failed sales.