Summary - 42 Theatre Mews, Egginton Street, Hull HU2 8DL
1 bed 1 bath Block of Apartments
**Standout Features:**
- Residential investment comprising 7 flats (6 self-contained).
- Solid brick construction with a multi-pitched slate and concrete tile roof.
- Annual income of £35,832 with all flats on Assured Shorthold Tenancies.
- Separate garage and yard included.
- Prime location near Hull City Centre with excellent access to amenities.
**Potential Concerns:**
- Some flats have lower EPC ratings, indicating potential energy efficiency upgrade needs.
- Area classified as "deprived," with high crime rates—important for tenant dynamics.
- Broadband speeds are rated as very slow, which may affect tenant appeal.
Unlock the potential of this versatile residential investment block located in the vibrant Theatre Mews on Egginton Street, just a stone's throw from Hull City Centre. This traditionally built, brick structure comprises six self-contained flats, providing a stable income stream of £35,832 per annum, appealing to both investors and those looking to enter the rental market. Each flat is separately metered, allowing for straightforward management.
With easy access to local amenities including schools, leisure facilities, and transport, this property offers a rare opportunity to capitalize on Hull's growing housing market. While some flats may need efficiency improvements—evidenced by their EPC ratings—this presents the prospect for future value enhancement through renovations. Don't miss out on this solid investment opportunity that not only offers immediate returns but also room for growth!
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