This property represents excellent value and has been a successful investment for many years. The property is extremely spacious and appealing and located in the heart of the vibrant Hull rental area of HU5.

Please note that the rents are currently under review with increases expected this year and the following year (not recently increased).

Maintained to a high standard, this property meets all HMO legal requirements and regulations and represents a unique turn key opportunity.

Rents

Room 1               currently  £476.67 potentially £498.33
Room 2               currently  £411.67 potentially £433.33
Room 3              currently   £433.33 potentially £433.33
Room 4              currently  £411.67 potentially £433.33
Room 5              currently  £520.00 potentially £541.66
Room 6              currently  £563.33 potentially £563.33

Total £2816.67 / £2,903.31 per month or £33,800.04 / £34,839.72  pa

At £195,000 this represents a Return on investment of 17.33% / 17.86 %

Ground Floor

• 2 ground floor bedrooms
• Kitchen units, storage, preparation & dining area
• Separate kitchen with 2 cookers, two Hobs with extractors,
• This lovely Living/dining-kitchen includes x 3 fridge freezer/microwave/storage and work surfaces
• x 2 oven/hob/extractors and x 2 sinks.
  
• Shower room
• Utility area rear garden area and side gate.

Note: all the high quality furniture throughout is included in the sale as well

(significant cost) purchased from Fusion furniture of Knutsford Cheshire.

First Floor

• 3 first floor bedrooms
• 1 bathroom with shower above

Second Floor

• Second floor en-suite bedroom

HMO licence for 6 people.

Owner has historical evidence to support continuous HMO use.

Very reasonable Asking price of £195k, we expect a lot of enquiries so please contact us to arrange a viewing ASAP.

Located in the very popular De Grey Street which links Newland Avenue to Beverley Road, this property is ideally placed to attract both working tenants and students. As well as the 3 bath/shower rooms there are also 3 additional sinks within 3 bedrooms.  De Grey Street is a few minutes’ walk to the Jet station which is the pick-up point for Eastern European workers, and it’s also approximately a 20 minute walk to the University of Hull.

The area is host to many shops, bars and restaurants making it a vibrant place to be.

A short walk onto either Newland Avenue or Beverley Road, and you can catch a frequent bus to Hull City centre or talk a healthy walk which will take around 10-15 minutes.

These newly built properties have their own private court yard with off street parking. The properties have been built to all necessary building standards and are fully insulated making the property warm and energy efficient.

• 1 Keelson rent is £550 p/m
• 2 Keelson rent is £575 p/m
• 3 Keelson rent is £650 p/m
• 4 Keelson rent is £650 p/m

2 retail shops

Both let

Annual income £9,996

Planning submitted for 2 bed flat above should be confirmed shortly. Flat would contribute a further £5,400 making total rent £15,396 Land to rear and front offers further potential.

The property is well located just off Clough Road and Beverley Road, very close to residential and shopping areas and is only 2 Miles from the City Centre.

£35,880 annual rents, from the 7 rooms

Yield: 12.5%

Fully Licensed with Hull city Council

Long history of rents

Refurbishment was completed in 2017

Located on popular Holderness Road in East Hull, this retail unit offers space of 1624 feet in total and is a great investment opportunity as both flat and retail premises are fully let and generating a monthly return.

The flat was completed to building regulations.

Rent for retail unit: £585.00

Rent for flat £395.00

Total £980.00 per month

Gross annual rent of £11,760 giving a yield of 7.35%

No costs, so the gross rents are also the net rents.

Sharp Street is half way down Newland Avenue, so right in the thick of all the action! It is however, a quiet street as it is a cul-de-sac. This property backs onto a new development with its own private gated courtyard of which there is full access.

The property has two reception rooms on the ground floor, kitchen and family bathroom and on the first floor there are three bedrooms.

NET return on investment 6.66% GUARANTEED !!!

Currently rented

Owner will guarantee a rent of £7,000 pa for first 2 years.

Return would significantly increase from further upgrades.

The property is set out in two apartments over 2 levels and also has boarded loft space. The downstairs has also recently been refurbished.

Currently both rented bringing in £980 per month net or £11,760 p/a at a 7.12% yield.

*Option to revert back to a single house.

This property is a unique and exciting investment/development opportunity. Unlock this building’s potential and make your mark in Hull’s property market!

Expected rents for these rooms will be IRO £130.00 per week each.

• Approved planning permission
• Plus options for 6 bedsits or 5 bed HMO
• Off road parking
• Plans for secured gating
• Good location close to city centre, shops bars and restaurants etc
• Based in Hull – one of the best buy to let areas in the UK

An opportunity not to be missed. Have a look at the plans and give us a call to discuss.

Click to download the plans (opens in new tab).

Seller could arrange and project manage the build/conversion on a fixed fee basis

Land with PP £59,000
Build costs circa £120,000 (depending on option)
Total investment £190,000

Expected end value £225,000 – £250,000

Rental income would be around £23,000 NET