5 bedroom Terraced House Sold STC

5 Bedroom HMO – Ideal Investment Opportunity | £22,320 Annual Income | Potential to Add Value | Popular Location

 A fantastic opportunity to acquire a fully licensed five bedroom HMO, generating a gross monthly rental income of £1,860 when fully let, offering a strong rental yield. It is ideal for both first time landlords and those looking to expand their existing portfolios. With scope to modernise, the property offers clear potential to increase both rental income and capital value through cosmetic improvements.

Situated between the ever popular Beverley Road and Newland Avenue, the property benefits from a location that is in high demand with both students and working professionals. Beverley Road provides regular public transport links into Hull City Centre and to the University of Hull, while Newland Avenue is a vibrant hotspot offering an array of shops, cafes, bars, and amenities within easy walking distance.

The accommodation is arranged over three floors. On the ground floor, there is a spacious communal living room, a double bedroom, a well-sized kitchen with breakfast bar, a shower room, and a separate W/C for convenience.

The first floor comprises a further three double bedrooms and a second shower room with cubicle, basin, and W/C.

To the second floor is a large double bedroom with its own en-suite including a shower cubicle, basin, and W/C.

Externally, there is a small rear garden providing outdoor space for tenants to enjoy.

The property also benefits from gas central heating and uPVC double glazing windows.

With a strong rental yield of approximately 13.95% based on a £160,000 guide price, proximity to the university, city centre, and key local amenities, this property represents a fantastic buy to let opportunity in a high-demand rental area.

Call Belvoir to arrange a viewing now!