Listed for £150,000
December 15, 2025
Sold for £130,000
2022
Guide Price £150,000 – £160,000 plus Reservation Fee
Full Description
A rare opportunity to acquire a freehold investment building comprising three self-contained flats, generating an approximate combined rental income of £1,750 PCM (£21,000 per annum). The accommodation includes two duplex flats and one one-bedroom flat, with all units currently producing a solid and reliable return. At an asking price of £150,000, the building achieves an impressive 14% gross yield, making this an exceptional purchase for both new and experienced landlords seeking strong returns.
The property is located just off Spring Bank, Hull, an area known for its excellent range of local shops, supermarkets, cafés, restaurants and amenities. Its close proximity to Hull City Centre, Paragon Interchange, and the St Stephen’s Shopping Centre provides outstanding access to transport links, major employers and retail facilities — all of which contribute to consistent rental demand.
Well positioned in a high-yielding rental zone and offering three independently lettable units, this property represents a fantastic addition to any investment portfolio. Strong rental history, low vacancy rates and a competitive asking price combine to make this opportunity both secure and highly appealing.
Key Features
Freehold building with three self-contained flats
Two duplex units plus one one-bedroom flat
Total rental income approx. £1,750 PCM / £21,000 PA
Excellent 14% gross yield
Located off Spring Bank with strong rental demand
Close to Hull City Centre, Paragon Station & St Stephen’s
Ideal portfolio addition for landlords or investors
High-yield opportunity in a popular rental location
Fees, Exclusivity & Disclaimer
Reservation Fee:
Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% of the purchase price (minimum £2,500 + VAT). This fee is in addition to the purchase price. Once paid, the property will be immediately taken off the market, preventing gazumping, reducing delays, and providing peace of mind.
Refund Policy:
The Reservation Fee may be refunded only in specific circumstances, such as:
The seller withdrawing from the sale
A chain collapsing beyond the Buyer’s control
Significant structural issues confirmed by a qualified structural survey
For full details of refund eligibility, please contact our office.
Exclusivity:
Upon payment of the Reservation Fee, Rezee grants the Buyer a fixed exclusivity period of 90 days from the issue of draft contracts. During this time, the property is reserved exclusively for the Buyer.
Buying Process:
Register your interest
Prepare your finances
Arrange a viewing
Make an offer
Secure the sale via our secure system
Exchange and complete
Important Information & Disclaimer:
A Ready Sale Pack containing detailed property information is available. Buyers are advised to review this pack and undertake their own due diligence before committing to purchase.
Buyers must verify their ID and provide proof of funds as part of our compliance process.
Rezee may offer related services (conveyancing, financial advice, surveying, etc.) and may receive referral fees from third-party providers.
While we take care to ensure sales particulars are accurate, they do not form part of any offer or contract and should not be relied upon as statements of fact.
Stamp Duty (SDLT):
Not all property purchases are subject to SDLT. Liability depends on factors such as purchase price and buyer’s position. Buyers should seek advice from a solicitor or tax adviser to confirm whether SDLT applies to their purchase and how much they would need to pay.
Rezee’s Approach:
Our innovative selling process provides a secure and transparent way to buy property, designed to protect all parties and reduce the risks of failed sales.
If you want me to add EPC ratings, council tax bands, floor areas, or a precise Guide Price, just let me know.
Like this property? Maybe you'll like these ones close by too.