5 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Freehold
- Reservation Fee Applicable
- T&C's Apply
- Schedule a viewing to seize this lucrative investment opportunity!
- Opportunity for stable rental income and potential growth.
- Strategic location guarantees consistent rental demand.
- Each room designed for comfort, ensuring high occupancy rates.
- Property meticulously maintained, boasting excellent condition.
- Ideal for student tenants due to prime university location.
- Impressive 11.6% gross yield signifies strong investment potential.
- Fully occupied 5-bed HMO generating approx £28,000 annually.
*Guide Price £240,000 - £250,000 plus Reservation Fee*
Welcome to an exceptional investment opportunity—a fully occupied, 5-bedroom House of Multiple Occupation (HMO) generating an impressive annual income of approximately £28,000 boasting an outstanding 11.6% gross yield.
This property, currently let to students, is situated in a prime, high-demand location for the university, making it a sought-after accommodation choice for students seeking proximity to their academic pursuits.
Impeccably maintained and in excellent condition throughout, this HMO offers a hassle-free investment opportunity with minimal upkeep required. Each room is thoughtfully designed to provide comfortable living spaces for tenants, ensuring high occupancy rates and reliable rental income.
The property's strategic location not only caters to the needs of students but also presents a lucrative investment opportunity for landlords seeking strong rental yields in a thriving rental market.
Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a lucrative investment opportunity, this HMO offers the perfect blend of financial stability and potential for growth.
Don't miss your chance to capitalise on this lucrative investment opportunity. Schedule a viewing today and discover the endless possibilities that await you with this exceptional property.
Licensing and Planning Permission
This property falls within an Article 4 area. We have been informed by the owners they can provide rental history dating back to 2006.
The owners have provided a HMO license until October 2023 and have informed us they are in the process of obtaining a new HMO license with Hull City Council. Please note, a new owner will need to apply themselves for a new HMO license as this is not transferable.
Disclaimer
Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 2% to a minimum of £2500 plus VAT. The Reservation Fee is paid on top of the purchase price & deemed a part of the chargeable consideration when calculating Stamp Duty for the property.
The property has a Ready Sale Pack, which gives additional information regarding the property. It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.
The Buyer is required to verify their ID & show proof of funds.
Rezee offer additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property. Rezee may receive a referral fee for these third party services.
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
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*DISCLAIMER
Property reference S948049. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Rezee - Hull.
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Broadband availability and predicted speed
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Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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