Summary - 32 SUFFOLK STREET HULL HU5 1PJ
3 bed 1 bath Terraced
High-yield three-bed HMO with professional management and vacant-possession option.
16% gross yield from £20,800 annual income
Managed by a professional letting agent — smooth handover option
Freehold three-bedroom mid-terrace, 1,065 sq ft total area
EPC C; mains gas boiler and radiators, double glazing fitted
Can be sold with vacant possession for owner-occupier use
Located in a very deprived area with higher-than-average crime
Solid brick walls likely uninsulated; energy upgrades possible
Property shows age, may need modernization and damp inspection
A three-bedroom mid-terrace in HU5 presented as a turnkey HMO investment, currently producing a gross annual income of £20,800 (approx. 16% gross yield). The freehold house is let to existing tenants and is managed by a professional letting agent, offering immediate rental income and straightforward management continuity for an investor needing a low-handoff purchase. The property also has the option to be sold with vacant possession for an owner-occupier or family buyer.
Accommodation includes a communal lounge, a spacious kitchen/diner, and one bathroom across an average-sized, multi-story layout totalling about 1,065 sq ft. The building dates from the 1930s–1940s, has double glazing (post-2002), mains gas central heating, and an EPC rating of C. Council Tax is in Band A, keeping ongoing local charges low.
Key strengths are the strong current income, professional management in place, and convenient urban location with excellent mobile signal and fast broadband—factors that support continued high occupancy in this cosmopolitan, student-oriented neighbourhood. The property is freehold and has low-maintenance front and rear gardens.
Material negatives are factual: the area is classed as very deprived with higher local crime levels, and the solid-brick original walls likely lack modern cavity insulation. The house shows signs of age and will benefit from modernization; potential buyers should note possible damp issues referenced in imagery and should arrange a survey to check fabric and services prior to purchase.
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