Summary - 73 PEEL STREET HULL HU3 1QS
2 bed 2 bath Flat
Freehold double-fronted building with rental uplift potential, sold with tenants in situ.
Two self-contained 1-bed flats, sold together
A traditional double-fronted property currently arranged as two self-contained one-bedroom flats, offered to investors with tenants in situ. Both flats have separate utilities and gas central heating, plus a private entrance porch and secure enclosed courtyard. The building presents clear scope to increase rental income with refurbishment and improved management.
The property sits close to retail parks, St Stephen’s shopping centre and Paragon interchange for good transport links. Hull Royal Infirmary and a range of primary and secondary schools are within easy reach, which supports steady tenant demand. Views overlook a recreational area and there are double utility/laundry rooms serving the flats.
Buyers should note the neighbourhood is a transitional urban area with very high crime rates and significant deprivation, which will affect rental levels, demand and resale. The flats require modernization in kitchens and general fixtures to achieve their full rental potential. The sale is freehold and offered with existing occupants, so purchasers must proceed as a let investment with current tenancy arrangements in place.
For an investor or builder prepared to improve the homes and manage tenancy risk, this property offers a low-entry freehold opportunity with immediate income and potential uplift through refurbishment and re-letting at higher market rents.
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