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Navy House, 22 Pearson Park, Hull, HU5 2TD - Image 1
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Navy House, 22 Pearson Park, Hull, HU5 2TD - Image 5

Navy House, 22 Pearson Park, Hull, HU5 2TD

Yorkshire

£595,000
Listed on 24/07/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

Navy House stands as a notable three-storey period structure nestled in the vibrant area of Pearson Park, Hull. Originally serving as a Royal Naval training school, this property boasts significant character and spacious interiors, presenting an appealing canvas for various commercial ventures. Its adaptability allows for potential uses ranging from office spaces to healthcare facilities or educational institutions, subject to obtaining the requisite planning permissions. Positioned approximately 1.4 miles northwest of Hull city centre, Navy House benefits from a peaceful environment while maintaining convenient access to urban amenities. The property overlooks beautifully maintained Pearson Park and is situated amidst a diverse community that includes residential properties, care homes, medical offices, and professional services. Transport links are readily available via the nearby A1079, complemented by robust public transport options for easy connectivity. Internally, the building offers generous space with a total gross internal area of around 246 square meters (2,649 square feet). The ground and first floors each feature approximately 103 square meters (1,109 square feet), while the second floor adds another 40 square meters (431 square feet) of versatile space. This layout provides ample opportunity for reconfiguration to suit specific needs. Externally, Navy House has the advantage of access to a private surfaced rear yard that facilitates off-street parking—an asset in an urban setting where such conveniences can be limited. Moreover, there exists the potential to acquire an adjoining property currently under Assured Shorthold Tenancy, further enhancing investment prospects. With its unique character and strategic location, Navy House represents an excellent investment opportunity for those looking to establish a presence in Hull's burgeoning market. The property falls under Use Class E zoning, which permits a broad spectrum of commercial activities—including retail shops, cafés, offices, health services, nurseries, and fitness centers—opening up numerous possibilities for future development (subject to planning permissions). Whether you seek to restore its historic charm or adapt it for modern use, this property is poised for transformation.

Investment Analysis

(HU5 area)
Area Average
£157/sq ft
Avg Rent (weekly)
£187
Avg Yield
7.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (HU5)

Area prices are stable by +0.7% over the last 12 months
3 year growth: 6.8%
5 year growth: 17.3%
Investment Disclaimer: Analysis based on HU5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Navy House, 22 Pearson Park, Hull, HU5 2TD
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,180
Based on a loan of £446,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE