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12 bedroom block of apartments for sale
Peel Street, Kingston Upon Hull
£450,000
Peel Street, Kingston Upon Hull
£450,000
Price History
| Initial price | £550,000 |
| 24/05/25 | £525,000 |
| 12/08/25 | £500,000 |
| 20/09/25 | £475,000 |
| 23/10/25 | £450,000 |
| Price Change | -18.18% |
Description
This impressive block of flats presents a remarkable investment opportunity, comprising eight fully tenanted flats with a strong rental history and no immediate works required. The property boasts an expansive layout with eight reception rooms, twelve well-appointed bedrooms, and eight bathrooms, making it a turn-key investment with a steady income stream. A private off-street car park offers parking for up to eight vehicles, adding to the convenience for residents. With a prime location and tenants paying their own utilities, the property currently achieves an annual gross income of £49,140, providing a gross return of 11%. This is an excellent choice for investors seeking a reliable and profitable addition to their portfolio, offering minimal running costs and a strong potential for long-term growth.