Summary - Flat 2, 106 Coltman Street HU3 2SF
3 bed 3 bath Block of Apartments
Freehold, renovated block with strong yield for hands-on investors.
Freehold mid-terrace converted into three self-contained apartments
Annual rent £15,900; net yield 9.09% at quoted price
Recently renovated internally; retains period exterior details
No central heating system; electric heaters assumed
Solid brick walls with no insulation (assumed) — potential upgrade need
Double glazing installed pre-2002 — efficiency improvement opportunity
Located in a high-crime, very deprived area — affects tenant risk and management
Low council tax band reduces running costs for tenants
This freehold mid-terrace has been converted into three self-contained apartments, recently renovated to provide modern, let-ready accommodation while retaining period character. It sits in the St Andrews Ward Conservation Area and benefits from double glazing and separate utility supplies for each flat. The block produces a headline annual rent of £15,900, giving a net yield of 9.09% at the quoted price — an attractive return for cash investors.
Buyers should note practical details that affect running costs and future works. There is no central heating system installed; electric heaters are assumed. The building’s solid brick walls likely lack insulation, and the glazing dates from before 2002, so further energy-efficiency upgrades would improve tenant comfort and reduce bills. The property sits in an area with high crime statistics and very high deprivation, which can affect tenant mix and management requirements.
Overall this is a compact, income-focused opportunity: low council tax costs and recent refurbishments reduce immediate capital expenditure, while the freehold title and separate supplies simplify management. The yield and rental demand in the area make it suitable for investors prepared to manage higher-turnover lettings and to consider targeted improvements (insulation, heating upgrades) to enhance capital value and long-term income stability.
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