Summary - Flat 1, Regal House, 6-8 George Street HU1 3AJ
1 bed 1 bath Flat
Turnkey modern studio with strong rental yield in central Hull.
Prime city-centre position, minutes from shops and transport
Sold fully furnished; turnkey for immediate letting or occupation
Long lease: 249 years remaining
Gross rental yield approx. 13.33%
Compact size — about 355 sq ft, limited living space
Service charge c. £1,484 per year; ground rent £100 pa
High local crime and very deprived area — buyer caution advised
Electric storage heating; higher winter running costs possible
This compact second-floor studio in the heart of Hull offers a turnkey rental or first-time buy with clear income potential. The apartment is modern-finished and sold furnished, with an integrated kitchen and contemporary bathroom — ready to let immediately to short-term or long-term tenants.
Financially appealing figures include a long lease (249 years) and a reported gross rental yield of about 13.33%. Service charge is moderate for central city living (approx. £1,484 pa) and ground rent is low (£100 pa), helping keep running costs predictable for investors.
Buyers should note the flat is small (approx. 355 sq ft) and located in a city centre area with high crime rates and very high local deprivation. Heating is electric storage radiators — convenient but potentially more costly than gas in winter. The property is leasehold; check permitted uses if you plan serviced accommodation.
Overall, this is a pragmatic, turnkey option for investors or a first-time buyer wanting city-centre convenience and immediate rental income, provided they are comfortable with the urban central location and associated social challenges.
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