4 bed terraced house for sale

St. Matthew Street, Hull HU3

Exciting Development & Investment Opportunity – Four-Bedroom Family Home with Detached Workshop & Studio

Guide Price £130,000 - £140,0000 plus Reservation Fee

This substantial four-bedroom family home presents an exciting and highly versatile development opportunity, offering approximately 1,400 sq. Ft. Of accommodation together with a detached workshop/outbuilding incorporating a large studio space above.

The property offers considerable potential for redevelopment, reconfiguration or investment, with a number of possible options for a purchaser to explore. Subject to the necessary planning permissions and consents, there is potential to investigate subdividing the main house to create a separate dwelling, alongside the opportunity to redevelop or further enhance the existing detached workshop and studio accommodation.

Alternatively, the property could simply be refurbished and retained in its current configuration, providing a substantial family home together with the potential for rental income from the separate studio accommodation, subject to its lawful use and the necessary requirements. This could provide an attractive proposition for an investor looking to create multiple income streams from the property.

The possibilities are extensive, making this a particularly interesting opportunity for developers, investors and owner-occupiers alike.

The main house itself is deceptively spacious and considerably larger than many of the surrounding properties. Offered with no chain involved and vacant possession, the accommodation briefly comprises a welcoming entrance hall leading to a superb through lounge/dining room, providing excellent space for family living and entertaining. There is a fitted kitchen, rear entrance lobby and useful ground floor cloakroom/WC.

To the first floor are four well-proportioned bedrooms together with a particularly spacious family bathroom, providing generous accommodation for a growing family.

Externally, the property benefits from a low-maintenance rear garden, whilst the detached workshop/outbuilding provides significant additional space. The existing studio above offers further versatility and could potentially be adapted or redeveloped, subject to the appropriate planning and building regulation requirements.

Conveniently located within easy reach of Hull Royal Infirmary and the mkm Stadium, the property is surrounded by a wide range of local shops, schools and amenities. Excellent transport links provide convenient access across Hull and the surrounding areas.

Whether the purchaser chooses to explore subdivision of the main house, redevelop the existing workshop and studio, retain the property as a single family home with additional accommodation, or refurbish the existing property and generate separate rental income, there are a wide range of possibilities to consider.

This is a property with genuine development potential and is likely to appeal to purchasers looking for an opportunity where they can add significant value. Early viewing is highly recommended to fully appreciate the size, versatility and potential on offer.

Key Features:
Exciting development and investment opportunity
Substantial four-bedroom family home
Approximately 1,400 sq. Ft. Of accommodation
Potential to explore subdivision of the main house into a separate dwelling, subject to planning
Detached workshop/outbuilding with existing studio flat above
Potential to redevelop the workshop/studio, subject to the necessary consents
Potential for multiple income streams
Alternatively, retain the existing configuration and refurbish throughout
Potential rental income from the house and studio separately, subject to lawful use
No chain involved and vacant possession
Convenient for Hull Royal Infirmary and mkm Stadium
Endless possibilities for developers and investors

Development & Planning Disclaimer
The potential development options described are for guidance only and are not a guarantee that planning permission, building regulations approval, change of use or any other required consent will be granted. Prospective purchasers should make their own independent enquiries with the relevant local authority and obtain appropriate professional advice before proceeding with any proposed development or conversion.

The existing studio/flat above the detached workshop is not a self-contained residential dwelling. It should not be assumed to have separate residential planning status or lawful use as an independent dwelling. Any future use as a separate dwelling, including the provision of independent facilities or access, would be subject to the relevant planning, building regulation and other statutory requirements.

Similarly, any proposal to subdivide the main house into separate residential accommodation would be subject to the necessary planning permissions, building regulations, access requirements and other consents.

Rental Information: Any suggestion of separate rental income from the main house and studio is indicative only. Buyers must establish the lawful use of the accommodation, achievable rental values and all applicable legal, planning and licensing requirements before relying upon any proposed rental strategy.

Please note: The sale relates to the property specifically described and does not include the side access. Buyers are strongly advised to satisfy themselves as to the property's boundaries, access arrangements and the extent of the land included within the sale prior to purchase.