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Flats 1 and 2, 42 Albany Street, Hull, East Yorkshire, HU3 1PL - Image 1
Flats 1 and 2, 42 Albany Street, Hull, East Yorkshire, HU3 1PL - Image 2
Flats 1 and 2, 42 Albany Street, Hull, East Yorkshire, HU3 1PL - Image 3

Flats 1 and 2, 42 Albany Street, Hull, East Yorkshire, HU3 1PL

Yorkshire

£55,000Guide Price

Listed on 09/10/2026

The listing

Property details

Bedrooms
4
Type
Flat

Features

  • Garden

Description

Offered at auction, this freehold mid-terrace property is arranged as two self-contained flats: a one-bedroom flat and a three-bedroom flat. The property is vacant and includes a large rear garden. Modernisation is required. It is situated near the shops and amenities of Princes Avenue, King Edward Street and Jameson Street, with Pearson Park nearby and Hull railway station served by several operators.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

48out of 100
Grade ELow opportunity

Confidence: LOW

This is a substantial project with an unusual starting point: a freehold terrace already arranged as two self-contained flats, with a large rear garden and a decorative traditional frontage. The £30,000–£60,000 renovation range gives a sense of the work involved: both kitchens and the bathrooms need modernising, alongside repairs to marked walls and worn floors across several rooms. The garden appears maintained, while the rear metal stair and landing warrant inspection.

At 48/100, this is a lower-opportunity result rather than a straightforward value play. Floor area is missing, so value against local £/sqf cannot yet be judged. The two-flat arrangement and garden give the project scope, but the overall score reflects the limited condition and economics assessment.

Key opportunities

  • Work with the existing one-bedroom and three-bedroom flat arrangement to create two refreshed homes within one freehold property.
  • Modernise both dated kitchens and the worn bathrooms, then bring the marked walls and tired floor finishes together with a consistent finish.
  • Make the large rear garden a stronger feature while retaining the character of the decorative brick frontage.

Key risks

  • The £30,000–£60,000 works range, worn finishes and repairs across several rooms make this a substantial budget and programme, not a cosmetic refresh.
  • The condition of the rear external metal stair and landing needs inspection.

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Map

Location

Flats 1 and 2, 42 Albany Street, Hull, East Yorkshire, HU3 1PL
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£208
Based on a loan of £41,250 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.

Tax

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