Studio · HU1 1XR
For saleListed 429 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Inviting offers between £65,000 & £70,000!
Situated in the heart of Hull's historic Old Town is the well presented ground floor studio apartment, located in the beautiful and grand Victoria Chambers.
Currently owner occupied, the property has been enjoyed by our seller for many years and in particular the central location close to all local amenities, including bars, shops and restaurants and a short walk to Paragon Station.
Briefly comprising and grand communal entrance hallway with intercom system and original staircase to upper levels.
This apartment features an entrance vestibule with storage cupboard, an open plan lounge, kitchen bedroom area with two large windows and the bathroom with a three-piece suite.
To the basement level is a communal laundry area with coin operated washing machines and tumble dryers. A great first time buy or investment, viewing essential and can be arranged via our office.
Studio (6.53m x 3.95m max (21'5" x 12'11" max)) A bright open plan space with two windows to the front.
Kitchen fitted with a range of base and wall mounted units, inset sink unit and electric hob with oven below. With laminate flooring throughout and wall mounted electric heating.
Bathroom (2.22m x 1.26m (7'3" x 4'1")) Fitted with a three piece suite in white, comprising enclosed shower cubicle with electric shower, pedestal sink unit and low level WC.
With heated towel rail and tiling to splashback areas. Council Tax Band We have been advised the property is council tax band A, payable to Hull City Council.
Additional Information Tenure: Leasehold - 999 years from 1 January 2003 Service Charge: £1904.52 per annum (paid monthly at £158.71) Ground Rent: £0 - Ground rent no collected.
Disclaimer: Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers.
We would advise that any buyer make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Flat 2, Victoria Chambers, Bowlalley Lane, Hull
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