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The Binding House

Hull, United Kingdom

Investment Type: BUY-TO-LET

Est. Completion: COMPLETED

  • Invest From Only £157,000
  • Estimated Net Yields Up To 12%
  • Short Term Lets Available
  • 2 Minutes Walk To The City Centre
  • Fully Managed And Hands Free
Purchase Process

Investment Highlights

  • Grade 2 Listed building converted into 13 high-end apartments
  • Invest from as little as £157,000.
  • Earn up to 12% net yields
  • Short Term Lets Allowed in the lease
  • 2 units already tenanted between £900 and £1050 pcm
  • White goods included: (Oven & Hob, Fridge Freezer & Washing Machine
  • Centrally located, just 2 minutes’ walk into the city centre

Investment Breakdown

  • Leasehold: 250 years
  • Ground Rent: Zero
  • Service Charge: Estimated £2 per square foot
  • Estimated Completion: Completed
  • 10 Year Build Warranty
  • Furniture Packs Available From £6,000

Market Key Facts

  • Average house prices in Hull increased by 9.2% for the 12 months leading up to January this year.
  • Hull currently has an economy worth £6.2 billion an increase of £1.4 billion since 2013
  • Hull was the City of Culture in 2017 – leading to a vast amount of regeneration and investment into the area since then. 
  • Hull is part of the plans for improving the Northern Powerhouse Rail lines and is set to link up with the new HS2 Junction in Leeds.

The Binding House - Overview

Pure Investor are delighted to present The Binding House, a recently completed development ideally located in the growing economy of Hull, Yorkshire.

This exceptional new development is a Grade 2 listed building, formally known as Browns Books, comprising of one, two and three-bedroom apartments with high end, modern living spaces. Located in the heart of Hull City Centre and within walking distance of Queens Gardens, The Binding House will suit both buy to let investors and owner occupiers alike.

The attention to detail and modern finish is what really sets this development apart from others. The contemporary, elegant apartments benefit from smart access video systems, 1GB high speed internet, fully fitted kitchens with appliances.

The development also includes a cost effective, eco-friendly, heating solution which will help keep energy costs as low as possible. On top of that, there is a large communal roof terrace with artificial grass, providing rare outdoor space for a city centre apartment block.

Payment Plan

  • Reserve your unit with a signed reservation form
  • Provide certified ID, proof of address and proof of funds to Pure Investor
  • Pay a £5000 non-refundable reservation fee and solicitor appointed fees approx. £1750 (inc Vat & Disbursements)
  • Exchange contracts 10% of balance
  • Remaining balance due on completion expected simultaneous exchange and completion

The Binding House - Key Points

Location

Location

Hull, United Kingdom

Price

Price

N/A

Completion

Completion

Completed

Rental Yield

Rental Yield

Up To 12%

Video - The Binding House

Development Availability

Sorry, we don't have any availability in this development at the moment. Please contact our team for more details.


Contact Us

If you would like further details about Pure Investor or any of our property investment opportunities, please contact us using the form below or call us directly.

Any Questions?

Call: +44 (0) 161 337 3890

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Looking to Sell

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The Binding House - Location

Named as the UK City of Culture for 2017 – 2021, Hull’s living conditions and economic performance has improved dramatically in recent years. In 2019, the City of Culture programme was directly responsible for at least £89 million of investment in the city. This status continues to help fuel business growth, employment, and demand for top quality accommodation.

Standing as one of Britain’s largest ports, Hull boasts an exciting and eclectic culture. It offers a diverse range of stunning architecture and many beautiful green spaces. Hull is also home to numerous museums and theatres, including the Hill Maritime Museum in the Victoria Square, and the Hull New Theatre which first opened its doors in 1939.

Nearby Amenities

  • Hull City Centre - 2 minute walk
  • Hull New Theatre - 5 minute walk
  • Ferens Art Gallery - 5 minute walk
  • Streetlife Museum - 10 minute walk
  • Hull Royal Infirmary - 19 mniute walk

Need some help? Request a FREE call back today.

Whether you're a seasoned investor or considering your first property investment, our experienced team are here to help. Arrange a FREE call back from one of our team!

Free Call Back

Call our team today on +44 (0) 161 337 3890

Why Invest

Why Invest in Hull

Understanding Hull’s investment appeal is by no means rocket science. It’s a city where rental demand is exceptionally high and yet where average property prices are well below the UK mean. Rental supply is severely limited, rental values have been climbing, yields have been strong, and homes here have been appreciating at a steady pace.

Before the pandemic, huge inward investment was pushing employment to record levels, and setting the scene for a dramatic revival of the city centre.

The pace slowed in 2020, as it did almost everywhere else, but it has recovered quickly. Now, it seems that every week brings news of important investment projects, business start-ups and multi-million-pound deals. In August 2021, Hull City Council published its Economic Strategy for 2021 – 2026. In it, the authors report that the city has witnessed over £1.4 billion of economic growth since 2013.

  • Average house prices in Hull increased by 9.2% for the 12 months leading up to January this year.
  • Hull currently has an economy worth £6.2 billion an increase of £1.4 billion since 2013
  • Hull was the City of Culture in 2017 – leading to a vast amount of regeneration and investment into the area since then. 
  • Hull is part of the plans for improving the Northern Powerhouse Rail lines and is set to link up with the new HS2 Junction in Leeds.

Other Popular Developments

Why Choose Pure Investor

Key to the success and growth of Pure Investor in recent years has been our location on the outskirts of Manchester. Strategically located to offer all our consultants easy access to Manchester, Liverpool, Sheffield and Leeds, we are regular visitors to all the major property developments within the key Northern Powerhouse destinations.

We are passionate about the growth and development within these locations, ensuring our consultants have a high level of expertise regarding the development opportunities within these key growth areas. For this reason, many investors choose to speak with Pure Investor first when considering property investment in the North England.

We genuinely believe in working with our clients, providing a high quality of service and information, allowing our clients to make their decision on a more informed basis. As a result of this, an increasing number of investors are choosing to return and utilise our services on an ongoing basis. This is something we are incredibly proud of, and which we are looking to continually improve on in the future.

If you are considering in investing in a property in the North of England, and don't fancy the 'hard sell' approach, please feel free to get in touch on either enquiries@pureinvestor.co.uk or Tel: 0161 660 8261.

We look forward to hearing from you!

Pure Investor - Property Investment