Summary - 369 FLAT 1 HOLDERNESS ROAD HULL HU8 8QY
5 bed 1 bath Block of Apartments
High-yield freehold with immediate rental returns on a busy arterial route.
5 self-contained flats producing £33,600 gross pa
A compact freehold block on Holderness Road, converted into five self-contained flats and offering an immediate income stream. The portfolio currently produces a gross rental income of £33,600 per year (about 9.6% yield at the listed price), with all units refurbished to a high standard and occupied. Each flat has individual meters and tenants arrange their own bills, simplifying management.
The building is a Victorian mid-terrace with period character, recently modernised internally while retaining original features. Its location on a main arterial road provides excellent public transport links, local shops and amenities on the doorstep, plus strong mobile and broadband connectivity—practical benefits for assured rental demand.
Buyers should note material negatives: the total internal area is small (circa 485 sq ft overall), the property sits in a deprived local area classification, and the solid-brick walls are assumed to have no insulation. The published EPC is D and there is some potential for damp/mould and general maintenance typical of older terraced stock. These factors may affect long-term running costs and refurbishment plans.
For an investor seeking an income-producing, easy-to-manage freehold with immediate returns, this ready-made block offers clear cashflow. Longer-term value could come from efficiency upgrades, addressing insulation and any damp issues, or selective reconfiguration subject to planning and building regulations.
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