Summary - Flat 2, 65 Morpeth Street HU3 1RF
4 bed 4 bath Terraced
Four tenanted flats delivering immediate rental income in a compact Victorian terrace.
- Four fully tenanted self-contained flats generating advertised 10.5% yield
- Freehold Victorian mid-terrace, built c.1900–1929
- External insulation to rear and dormers improves energy efficiency
- Compact overall size (approx. 539 sq ft) and small individual units
- One studio may limit mortgage availability for some buyers
- Medium flood risk and very deprived local area to consider
- High local crime rate could affect tenant profile and voids
- Fast broadband, excellent mobile signal, very cheap council tax
A ready-made investment block offering four self-contained flats in a Victorian mid-terrace on Morpeth Street, producing a marketed yield around 10.5% per annum. The building is fully tenanted and presented as a turnkey purchase for a hands-off landlord or portfolio extender. External insulation to the rear and dormers improves energy performance for some units.
The flats are compact (total approx. 539 sq ft across the property) and include a mix of one-bed and studio units with varied EPCs. This makes the asset suitable for rental demand from students and young families in the area, supported by fast broadband and excellent mobile signal. Council tax costs are low, helping running costs for tenants.
Buyers should note clear risk factors: the neighbourhood records high crime and the wider area is very deprived, which can affect re-letting and capital growth. There is a medium flood risk for the location. One studio’s small size may restrict mortgage options with some lenders — prospective purchasers should confirm finance availability before committing.
This is a pragmatic, income-led opportunity: if you seek immediate rental income and minimal refurbishment, it’s well positioned. If longer-term capital growth or low-risk tenancy is your priority, factor in location-related challenges and potential future investment to improve communal and unit standards.
5 bedroom block of apartments for sale in Beverley Road, Hull, HU5 — £424,995 • 5 bed • 5 bath • 593 ft²
12 bedroom block of apartments for sale in Peel Street, Kingston Upon Hull, HU3 — £475,000 • 12 bed • 8 bath • 2916 ft²
3 bedroom block of apartments for sale in Coltman street,Hull, HU3 — £175,000 • 3 bed • 3 bath • 840 ft²
5 bedroom block of apartments for sale in Spring Bank, Kingston Upon Hull, HU3 — £337,500 • 5 bed • 5 bath • 496 ft²
4 bedroom terraced house for sale in Washington Street, Hull, HU5 — £150,000 • 4 bed • 4 bath • 1141 ft²
2 bedroom flat for sale in Peel Street, Hull, HU3 1QS, HU3 — £99,995 • 2 bed • 2 bath
