Pearson Park, Hull
£395,000
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.