Summary - 86 Perth Street HU5 3NZ
2 bed 2 bath End of Terrace
Two 1-bed flats with parking — immediate income and strong gross yield potential.
Two self-contained one-bedroom flats, suitable for buy-to-let
A compact end-of-terrace converted into two self-contained one-bedroom flats, offered as a clear buy-to-let opportunity. The ground-floor flat is currently let at £465 pcm; the first-floor flat is vacant and marketed at £575 pcm, offering immediate additional rental income once re-let. Together the advertised rents give a gross income close to £12,480 per year, indicating roughly a 10% gross yield at the asking price of £125,000.
Both flats have gas central heating, wall-mounted boilers and uPVC double glazing, plus private off-street parking to the front. The building dates from 1930–1949 with solid brick walls (assumed uninsulated) and small internal floor area (approximately 410 sq ft in total), so running costs and EPC rating may be affected. Council tax is noted as very cheap, and the property sits in a convenient city location near shops, transport links, Hull city centre and university.
The main positives are the rental layout, immediate income, and low flood risk. Material points to consider: the property is small, in a relatively deprived area which may limit tenant profiles, one flat is vacant so will require re-letting (and possibly minor refurbishment), and the solid-brick construction likely lacks cavity insulation. Tenure is believed to be freehold but should be confirmed by solicitors.
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