Summary - 83, Gloucester Street, HULL HU4 6PT
2 bed 1 bath Terraced
Two-bed freehold terrace with immediate 7.54% return — investor-ready.
Immediate rental income with sitting tenant in place
Offered as a ready-made investment, this mid-terraced Victorian house in HU4 delivers immediate rental income with a sitting tenant and a quoted 7.54% gross return. The accommodation is practical and low-maintenance: entrance, lounge/diner with bay window, fitted kitchen, bathroom plus separate WC, and two fitted first-floor bedrooms. The property is freehold and benefits from gas central heating and double glazing installed post-2002.
Internally the finish is tidy but dated — laminate floors and a modest contemporary kitchen make the house rentable straightaway, while the solid brick walls (likely uninsulated) and compact room sizes limit energy performance. External space is small and paved; the front garden needs some cosmetic attention but is low maintenance.
This is an investor-focused opportunity: set in a very deprived, high-crime ward with constrained local incomes, the property suits someone targeting high-demand, affordable lettings in a popular buy-to-let area. The sitting tenant minimises void risk, but buyers should factor in lower resale premiums and potentially higher management or maintenance costs associated with the location.
Practical considerations: broadband and mobile signals are available, council tax is in the low Band A, flood risk is low and the building dates from the early 20th century. There is limited scope for major extension without planning; suitable buyers are landlords seeking immediate yield or small-scale refurbishers aiming to improve energy performance and long-term rentability.
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