Summary - 19 EGYPT STREET HULL HU9 5QZ
2 bed 1 bath Terraced
Two-bedroom rental with immediate income and renovation potential.
Tenant in situ paying £550pcm, immediate rental income
Gross yield approximately 11% at asking price
Two-bedroom Victorian mid-terrace, freehold
Solid brick walls assumed uninsulated, needs insulation work
Signs of damp and dated internal fixtures, needs renovation
Small enclosed rear yard and stoned front garden
Area very deprived with very high crime — management risk
Double glazing present; installation date unknown
A straightforward investment opportunity in HU9, offered with tenants in situ and producing immediate rental income. The property is a two-bedroom mid-terrace Victorian house on a small plot, sold freehold and currently let at £550pcm (£6,600pa), giving a gross yield of about 11% at the asking price of £60,000.
The house is solid-brick, double-glazed (installation date unknown) and heated by a mains-gas boiler with radiators. Accommodation includes lounge, dining room, kitchen, bathroom, two first-floor bedrooms and a small enclosed rear yard plus a stoned front garden. Flood risk is low and mobile/broadband connectivity is good.
This is a clear refurbishment/letting play: the property shows signs of damp and dated fixtures and will benefit from updating and insulation work (walls are assumed uninsulated). The area is very deprived with very high recorded crime, which will affect tenant demand, resale prospects and management requirements.
Suitable for investors seeking immediate yield and hands-on refurbishment potential. Buyers should budget for repairs, remedial damp works, potential redecoration and energy-efficiency improvements. Sold with tenants in place — vacant possession is not guaranteed. Independent survey and checks on tenancy terms are recommended.
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