Summary - Wright Street, Hull, East Riding Of Yorkshire, HU2 HU2 8HU
22 bed 1 bath Block of Apartments
High-yield central investment near hospital, station and strong tenant demand.
18 apartments: 14 x 1-bed, 4 x 2-bed
A well-performing income-producing portfolio of 18 self-contained apartments across three clustered Victorian blocks, generating £144,300 pa (£133,500 from lets, £10,800 from 12 parking spaces). The mix of 14 one-bed and 4 two-bed flats suits local rental demand and provides flexibility for multiple investor strategies.
The location is highly convenient — about a five-minute walk to the city centre, HRI teaching hospital and Paragon Interchange — which supports consistently strong occupancy. The buildings are traditional Victorian terraces with character features externally and a combination of compact modernised kitchens internally.
This offer includes flexible purchase routes: buy the full portfolio, car park and freehold via the holding company for £1.65m, or acquire individual blocks (six apartments/holding company) at £550,000 each. Twelve dedicated parking spaces currently add income or could be repurposed for site management use.
Buyers should note material considerations: the area is classified as very deprived with above-average crime, and many units are compact with some low ceilings. Ongoing professional management will be required to maintain tenancies and asset condition. There is opportunity for refurbishment, redevelopment or change of use subject to consents, which may suit active investors seeking value-add potential.
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