Summary - 87 Essex Street HU4 6PR
2 bed 1 bath Terraced
Turnkey rental with tenants in place and good yield — refurbishment upside.
Tenants in situ paying £550 pcm — immediate rental income
This two-bedroom mid-terrace on Essex Street is presented as a straightforward buy-to-let with tenants in situ paying £550 pcm, producing an approximate 8.25% gross yield at the asking price. The freehold tenure, EPC rating C and mains gas central heating make it a lettable home with minimal immediate intervention required.
The layout is traditional and practical: lounge, open-plan kitchen/dining, bathroom and two double bedrooms. Externally there’s a small enclosed rear garden and a low-maintenance forecourt to the front, suiting tenant demand in this popular residential corridor off Hessle Road.
Location factors support rental stability — fast broadband, excellent mobile signal and several nearby primary and secondary schools. However the property sits in a very deprived area with high local crime levels and a transitional neighbourhood profile, which will affect capital growth and tenant mix.
Structurally the house is solid brick (1930s–40s) but likely lacks wall insulation and would benefit from targeted upgrades to improve long-term energy performance and appeal. This is a clear opportunity for an investor seeking immediate income with scope to add value through modest refurbishments.
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