Summary -
83, Grafton Street,HULL,HU5 2NP
HU5 2NP
3 bed 1 bath Terraced
Immediate income property suited to an investor seeking refurbishment potential.
Tenants in situ generating approx £7,200 gross annually
Freehold Victorian mid-terrace with bay window and high ceilings
Private rear garden; on-street parking to front
Accommodation dated and will require refurbishment to increase rents
Small plot and average overall size; modest room dimensions
Located in a very deprived, student-dominated neighbourhood
Fast broadband and low flood risk
Buyer’s premium applies to secure the purchase
This three-bedroom Victorian mid-terrace in HU5 presents a straightforward buy-to-let opportunity with tenants in situ and immediate rental income. The property is freehold, offers a private rear garden and on-street parking, and sits in a densely populated, student-friendly part of Hull that regularly attracts investor interest.
Internally the house follows a traditional layout: lounge, dining room, kitchen, three-piece bathroom and three modest bedrooms across two floors. Period features such as a bay window, high ceilings and an original fireplace remain, but the accommodation is dated and will need updating to maximise rental value or reposition for higher-paying tenants.
Currently producing a gross income of approximately £7,200 per year, the purchase price reflects the local market and the property's small plot and average overall size. The area shows higher levels of deprivation and a strong student/tenant market; this influences tenant profiles, turnover and management needs. Flood risk is low and broadband speeds are fast.
Important practical points: the property is sold with tenants who wish to remain, so any purchaser should be prepared to take on the existing tenancy. A buyer’s premium applies to secure the sale. Investors should factor in refurbishment costs, potential voids, and ongoing management when assessing yield and total return.
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