Property Brief
Portfolio consisting of four tenanted residential properties located in Hull, all held under freehold titles and under the ownership of a single private vendor. The properties, which vary in internal condition, are currently managed by Ultralets. The portfolio includes:

56 Huntingdon Street, Hull HU4 6QJ (2-bed mid-terrace house) – £47,500
6 Avenue Crescent, Hull HU3 3JW (2-bed mid-terrace house) – £65,000
28 Arthur Street, Hull HU3 6BH (3-bed mid-terrace house) – £55,000
39 Arthur Street, Hull HU3 6BH (3-bed end-terrace house) – £50,000

Total portfolio price: £217,500
Total current rent: £2,305 pcm
Total market rent: £2,570 pcm

56 Huntingdon Street

• Condition Report: The property is currently in a dated condition throughout. While functional for the current tenancy, it would benefit from a full refurbishment if becoming vacant. This would include the installation of a new kitchen and bathroom, alongside full cosmetic improvements such as painting and new flooring (carpets/vinyl) in all rooms.

• Rental Information: Currently achieving £535 pcm with a market rent of £625 pcm once modernised. The tenancy commenced in December 2021, and the tenant is currently working on a payment plan to clear circa £1,000 in rent arrears.

• Compliance: The property holds an EPC rating of D (Potential B) and falls under Council Tax Band A. The last EICR was completed in May 2021, and the Gas Safety Certificate in January 2026.

6 Avenue Crescent

• Condition Report: The property was refurbished in 2025 to a good standard. New works required.

• Rental Information: Currently achieving £595 pcm, which is already at market rate. The tenancy commenced in July 2025, and there are currently no arrears on the account.

• Compliance: The property holds an EPC rating of D (Potential B) and falls under Council Tax Band A. The last EICR was completed in July 2022, and the Gas Safety Certificate in July 2025.

28 Arthur Street

• Condition Report: The property is overall in a fair and serviceable condition. There is a small area of suspected rising damp in the living room, and one of the bedrooms would benefit from redecoration. Both the kitchen and bathroom are in fair condition.

• Rental Information: Currently achieving £650 pcm, with a market rent of £675 pcm. The tenancy commenced in May 2020, with the payment history indicating the tenant typically pays late within the monthly cycle, though the account is consistently brought up to date.

• Compliance: The property holds an EPC rating of D (Potential B) and falls under Council Tax Band A. The last EICR was completed in February 2022, and the Gas Safety Certificate in May 2025.

39 Arthur Street

• Condition Report: The property is currently in a dated condition throughout. While functional for the current tenancy, it would benefit from a full refurbishment if becoming vacant. This would include the installation of a new kitchen and bathroom, alongside full cosmetic improvements such as painting and new flooring (carpets/vinyl) in all rooms.

• Rental Information: Currently achieving £525 pcm with a market rent of £675 pcm once modernised. The tenancy commenced in April 2020, and the tenant is currently in talks with Universal Credit to clear arrears of £290 due to being off work with an injury. Otherwise, a payment plan will be implemented.

• Compliance: The property holds an EPC rating of E (Potential C) and falls under Council Tax Band A. The last EICR was completed in April 2022, and the Gas Safety Certificate in June 2025.

Figures
Estimated upfront costs below:

Deposit = £54,375
Stamp duty = £12,725
Ultralets fee = £3,915

Total = £71,015 excl. solicitor and mortgage fees.

Current yield is 12.7% (or 14.2% at market rents).

Buyer Disclaimer - https://bit.ly/3CzncNu

We also have an in-house landlord insurance expert. Call the office on 01482 562562 and ask to speak with Jack Newton