Property · HU6 8JL
For saleReduced £40k (−10.7%) on 20 JunListed 326 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We're excited to present a great opportunity to purchase two small block of flats. It consists of three flats in each block converted from a semi detached house .
Each with its own private entrances, this property has the potential to generate an income of £2200/2550 per month.
Two flats are situated on the ground floor, and one is on the first floor in each block. Each flat includes one bedroom, gas central heating, UPVC double glazing.
The property also features shared side access and parking at the rear. Property requires some refurbishment, but nothing too extensive, making it an ideal addition to any portfolio.
Four of six flats are currently tenanted, but the opportunity for vacant possession is available. Its conveniently located near the university campus, Cottingham and North Hull.
Gas, Electric & Water are all separate for each flat and they all have an EPC rating C. Council Tax Band A for all flats. This is a Freehold Property. 2nd Floor plan & more pics to follow
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 516a, Inglemire Lane, HULL
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