Summary - 9 NEPEAN GROVE HULL HU3 3SJ
2 bed 1 bath Terraced
Immediate income with projected yield increase in October 2025.
Long-term tenant in situ, immediate rental income
A straightforward buy-to-let opportunity close to Hessle Road, offered with a long-term tenant in situ and immediate rental income. The property is a traditional two-bedroom mid-terrace with a smart, modern kitchen, a generous first-floor bathroom and a through lounge-diner — practical living spaces that appeal to local renters.
Financially this is an income-led purchase: current rent delivers a 7.97% yield, rising to an estimated 9.4% when the agreed rent uplift takes effect on 04/10/2025. The house is freehold and benefits from low flood risk, fast broadband and very cheap council tax (Band A), all helpful for rental demand and running costs.
There are clear location and condition considerations to weigh. The property sits in a very deprived, high-crime neighbourhood with a high proportion of constrained renters and transitional Eastern European demographic — factors that can affect voids, tenant screening and resale. The EPC is rated E and the solid brick walls likely lack cavity insulation, so energy performance and future upgrade costs should be budgeted for. The front and rear gardens/plots are small and internal room sizes are modest, reflecting its Victorian mid-terrace form.
For an investor seeking immediate yield in a popular rental pocket near local shops, schools and transport, this offers attractive headline returns but requires realistic planning for property management, potential energy upgrades and the local area profile.
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