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Pearson Park, Hull

PROPERTY TYPE

Block of Apartments

BEDROOMS

6

BATHROOMS

3

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Description

Block of Three Self-Contained Flats – Investment / Refurbishment Opportunity
An excellent opportunity to acquire a substantial block of three self-contained flats, prominently situated at 21 Pearson Park and overlooking the popular Pearson Park.

The property comprises three individual flats, offering a desirable mix of accommodation:
•1 x One-Bedroom Flat
•1 x Two-Bedroom Flat
•1 x Three-Bedroom Flat

Of particular interest to investors, two of the flats are currently tenanted, providing an existing rental income stream, while the one-bedroom flat is currently vacant and offers significant scope for refurbishment and improvement.

The vacant flat, which is the property shown in the photographs and accompanied by a floorplan within this listing, requires a full programme of refurbishment. This includes the installation of a new heating system, providing an incoming owner with the opportunity to modernise the accommodation and potentially enhance its rental appeal and value.

A further significant benefit is the property's huge communal rear garden, providing an unusually generous outdoor amenity for a property of this type and adding to its overall appeal.

Investment Opportunity
The combination of three separate flats, two existing tenancies and a vacant unit with refurbishment potential makes this an attractive proposition for landlords and property investors seeking to add value. The vacant accommodation provides the opportunity to undertake a comprehensive refurbishment before either placing it on the rental market or considering alternative investment strategies.

The property's position overlooking Pearson Park, together with its proximity to local amenities and excellent transport links, further enhances its rental and investment appeal.

An opportunity not to be missed for investors looking for a multi-unit property with existing income, refurbishment potential and substantial communal outdoor space.

Brochures

Pearson Park, HullBrochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Pearson Park, Hull

Approximate location

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Affordability

Monthly repayments£1,961
Property: £ 395,000
Deposit: £ 39,500
Interest rate: 5.24%
Term: 30 years
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Renovation potential
Recently sold & under offer
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About MyPad, Hull

132 Chanterlands Avenue Hull HU5 3TR

MyPad offer a bespoke letting, management & investment sales service.

We are proud of our reputation for reliability and results & offer a hands on service to our tenants and landlords.

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Disclaimer - Property reference 34786152. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by MyPad, Hull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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