Summary - 124 LAMBERT STREET HULL HU5 2SG
3 bed 2 bath End of Terrace
Income-producing Victorian property with conversion potential in Hull city location.
- Three self-contained apartments plus rear workshop unit
- Property sold with tenants in situ (income producing)
- Chain free sale for quicker completion
- Requires significant internal renovation and redecoration
- Small rooms and some ceiling and paint damage visible
- Double glazing and gas central heating present
- Off-street parking and a large plot to the rear
- Located in a student/cosmopolitan neighbourhood, very deprived area
A rare mixed‑use investment in HU5: this Victorian end‑terrace currently provides three self‑contained units plus a rear workshop, all let and sold chain free. The property already produces rental income with tenants in situ, and benefits from double glazing, gas central heating and off‑street parking — making it straightforward to retain as a multi‑let or to hold while planning works.
The building is dated and needs renovation. Interiors are small with worn finishes, peeling paint and some ceiling damage; the exterior and workshop area show clutter and light neglect. There is clear scope to improve rental values with refurbishment, or to convert back into a single three‑bed family home subject to planning and reconfiguration.
Positioned close to local shops, supermarkets and transport links, the house sits in a busy, largely private‑renting neighbourhood with strong student and new‑arrival demand. The location supports immediate letting but sits within a very deprived area with average crime levels — buyers should factor local market dynamics and refurbishment costs into their investment appraisal.
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