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Pearson Park, Hull

Yorkshire

£900,000

Listed on 03/07/2026

Property details

Bedrooms
10
Type
Block Of Apartments

Description

This former Royal Naval Training School presents a unique development opportunity in a sought-after location overlooking Pearson Park. The property, known as Navy House, is a three-storey building of traditional brick construction with potential for various uses such as offices, educational facilities, healthcare services, and more, all subject to obtaining the necessary planning consents. Its advantageous position provides easy access to local transport links via Princes Avenue and Beverley Road, making it an appealing choice for future tenants or business operations. With off-street parking and access to a surfaced rear yard, this property is well-suited for transformation into a vibrant mixed-use space that benefits from the surrounding community's diverse amenities. The building's total area spans approximately 246 sq m (2,649 sq ft), including adaptable spaces that could serve individual dwellings or consolidated facilities. Given its desirable location and structural characteristics, significant renovation could yield valuable returns on investment.

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Investment analysis

(HU5 area)
Area Average
£161/sq ft
Avg Rent (weekly)
£185
Avg Yield
6.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (HU5)

Area prices are falling by -4.0% over the last 12 months
3 year growth: +1.0%
5 year growth: +10.7%
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

Pearson Park, Hull
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Mortgage calculator

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£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£3,400
Based on a loan of £675,000 over 30 years at 4.45% 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.

Stamp duty calculator

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