Summary - 62 ST GEORGES ROAD HULL HU3 6EJ
2 bed 2 bath Terraced
Ready-made income in a city location with scope to add value.
Two self-contained one-bedroom flats generating £920pcm (9.2% gross yield)
A ready-made investment in HU3, this converted middle-terrace is arranged as two self-contained one-bedroom flats with sitting tenants and immediate rental income. The property produces £920pcm (9.2% gross yield at the stated price) and is sold freehold, making it straightforward for a landlord or portfolio buyer to take on.
Both flats are uPVC double glazed and gas centrally heated; one boiler was replaced recently. The first-floor flat was refurbished before the current tenancy and presents as clean and modern. Both flats share a decent rear garden and sit close to local amenities and routes into the city centre.
Important facts and risks are clear: EPC ratings for both flats are D, the area is very deprived with relatively high local crime levels, and the property sits in a dense terraced street with generally small rooms. Council tax is low (Band A) which helps tenant affordability but limits council-tax-related rental uplifts. The investment suits buyers who want an income-producing asset with modest ongoing management rather than a hands-off, low-risk opportunity.
There is potential to increase value through targeted refurbishment or by improving energy efficiency, but buyers should allow budget for routine maintenance and landlord responsibilities. Sold with sitting tenants — do not expect vacant possession on completion.
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