Summary - Flat 6, 42-44 Peel Street, KINGSTON UPON HULL HU3 1QR
12 bed 8 bath Block of Apartments
Fully let portfolio with strong reported yield and private parking, ready for hands-on investors..
- Freehold block with eight fully tenanted flats
- Reported gross income £49,140; ~11% gross return
- Twelve bedrooms and eight bathrooms across 2,916 sq ft
- Private off-street parking for up to eight vehicles
- Tenants pay utilities, lowering owner operating costs
- Excellent mobile signal and fast broadband
- Located in a very deprived area with high crime
- Vendor data; buyer must verify tenancies and checks
This freehold block on Peel Street offers a turn-key investment: eight fully tenanted flats delivering a reported gross income of £49,140 (approximately 11% gross yield). Twelve bedrooms and eight bathrooms across an average-sized 2,916 sq ft layout suit a mix of long-term tenants and HMO-style lets. Tenants currently pay their own utilities, which reduces owner running costs.
Practical benefits include a private off-street car park for up to eight vehicles, excellent mobile signal and fast broadband — valuable in an urban rental market. Flooding risk is low and the property is in a convenient city location close to shops, transport links and several well-rated schools.
Buyers should note material area and risk factors: the neighbourhood is classified as very deprived with high local crime and constrained neighbourhood indicators. Information supplied is vendor-provided and should be independently verified; purchasers should carry out full due diligence on tenancy agreements, service and maintenance history, and any required safety or statutory checks.
Overall this block is aimed at investors seeking immediate rental income from a fully let asset, with easy management potential and clear scope for income maintenance or future value uplift subject to area considerations and responsible asset management.
5 bedroom block of apartments for sale in Spring Bank, Kingston Upon Hull, HU3 — £325,000 • 5 bed • 5 bath • 496 ft²
Block of apartments for sale in Holderness Road, Hull, HU8 8QY, HU8 — £350,000 • 1 bed • 1 bath • 485 ft²
4 bedroom terraced house for sale in Morpeth Street, Hull, HU3 — £150,000 • 4 bed • 4 bath • 539 ft²
6 bedroom terraced house for sale in Holderness Road, Hull, HU8 — £495,000 • 6 bed • 6 bath • 571 ft²
3 bedroom block of apartments for sale in Coltman street,Hull, HU3 — £175,000 • 3 bed • 3 bath • 840 ft²
2 bedroom block of apartments for sale in Thoresby Street, Hull, HU5 — £120,000 • 2 bed • 2 bath • 420 ft²
