Summary - CITY CENTRAL, 22 FLAT 12 WRIGHT STREET HULL HU2 8HU
2 bed 1 bath Flat
Two-bedroom buy-to-let with immediate rental income and shared parking.
Two bedrooms and spacious lounge in a modern mid-rise apartment
Current gross income £6,900 pa (approx £575 pcm)
Approximate gross yield ~6.6% at £105,000 purchase price
Market rent potential cited ~£841 pcm (approx 7.4% gross yield)
Leasehold tenure — check lease length, service charges, ground rent
Long-term tenant in situ — income secured but no vacant possession
Small overall size (538 sq ft) — compact city-centre living
Area classed very deprived with above-average local crime levels
This two-bedroom leasehold flat on Wright Street offers a straightforward buy-to-let opportunity in Hull city centre. The property sits within a modern mid-rise block and comes with shared private off-street parking and a spacious lounge, making it suitable for rental demand in a built-up area.
The flat is currently tenanted and produces a gross income of £6,900 per year (approximately £575 pcm), giving an approximate gross yield of about 6.6% at the £105,000 asking price. Market rent evidence included with the let pack suggests potential to increase income (market rent shown at about £841 pcm, roughly a 7.4% gross yield if achieved).
Important considerations: the property is leasehold, in a neighbourhood classed as very deprived with above-average crime levels, and the overall internal size is compact (538 sq ft). The long-standing tenant intends to remain, which secures immediate income but limits vacant-possession options. A buyer’s premium will apply on sale, and full legal/title and lease details should be checked before purchase.
For investors seeking an income-producing city-centre flat with immediate cashflow, this is a pragmatic addition to a portfolio. Developers or buyers looking for longer-term value should factor in the constrained neighbourhood profile and the need to manage tenancy and rental uplift carefully.
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