4-bedroom flat · HU5 2TR
For saleListed 133 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Inviting offers between £350,000 & £375,000 A rare opportunity for a landlord to acquire this block of apartments, comprising four beautifully presented and self contained one bedroom flats within this stunning Grade II listed conversion.
Each unit is currently tenanted and rents range from £615-£650 pcm, representing a maximum yield of 8.9%.
Set to the rear of 50 Pearson Park, this converted stable block comprises 4 well proportioned and self contained flats, with two to the ground and two the first floor.
Each apartment benefits from gas central heating, finished to a high standard and each has an open plan lounge kitchen, a generous double bedroom and a shower room with three-piece suite.
Externally, each apartment has an allocated parking space and access to a communal courtyard, with BBQ and outdoor seating.
A great spot to benefit from all of the park's amenities, close to The Avenues and various bars/ eateries and excellent road and transport links into the city centre.
An ideal investment for those looking to expand their portfolio by acquiring the whole block* *The seller is also open to selling the individual flats separately.
Ground Floor Communal Hallway Communal hallway with access to the two ground floor flats and the staircase to upper floor.
Apartment 6: Hallway Open Plan Lounge/Kitchen Open plan living space and kitchen fitted with a range of base and wall mounted units, inset stainless steel sink, inset hob and extractor over and built in oven below.
Bedroom Generous double bedroom Shower Room Fitted with a three-piece suite in white, comprising low level WC, shower cubicle and pedestal sink unit.
Apartment 7: Hallway Open Plan Lounge/ Kitchen Open plan living space and kitchen fitted with a range of base and wall mounted units, inset stainless steel sink unit, inset hob and extractor above and built in oven below.
Bedroom Generous double bedroom. Shower Room Fitted with a three-piece suite in white, comprising low level WC, shower cubicle and pedestal sink unit.
First Floor: Apartment 8: Hallway Open Plan Lounge/ Kitchen Open plan living space and kitchen fitted with a range of base and wall mounted units, inset stainless steel sink unit, inset hob and extractor above and built in oven below.
Bedroom Generous double bedroom. Shower Room Fitted with a three-piece suite in white, comprising low level WC, shower cubicle and pedestal sink unit.
Apartment 9: Hallway Open Plan Lounge/ Kitchen Open plan living space and kitchen fitted with a range of base and wall mounted units, inset stainless steel sink unit, inset hob and extractor above and built in oven below.
Bedroom Generous double bedroom Shower Room Fitted with a three-piece suite in white, comprising low level WC, shower cubicle and pedestal sink unit.
Externally Externally is a gravelled communal car park with allocated space for each flat.
Benefitting from a shared, low maintenance courtyard with brick built BBQ and cooking facilities and space for ample seating.
Council Tax We have been advised that all apartments within this block are Band A, payable to Hull City Council.
Additional Information Tenure: Leasehold - 999 years* Service Charge: Tbc* Ground Rent: £0* *Please note, the sellers currently own the freehold of the entire building and the lease and terms are still being finalised.
For further information, please contact our office. 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.
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FAQ
About Stable Block, 50 Pearson Park, Hull
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