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.
*Fees, Exclusivity, and Disclaimer:*
*Fees:*
*Reservation Fee:* 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. This reservation fee ensures that the property is taken off the market as soon as a sale is agreed, eliminating gazumping, time wasting, and financial loss.
The Reservation Fee can be refunded under certain circumstances;
i.e the seller deciding to pull out, a chain collapsing or structural issues verified by a structural survey. For more information on what would qualify for a refund then please speak to the office
*Exclusivity:*
Following the payment of the reservation fee, Rezee will facilitate a fixed exclusivity period of 60 days from draft contracts being issued. During this time the property will be reserved, so there will be no risk of gazumping.
*Process:*
Our process:
1. Register your interest
2. Prepare your finances for the purchase
3. Arrange a viewing
4. Make an offer
5. Secure your sale using our secure system
6. Exchange and complete
*Disclaimer:*
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 offers 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.
Stamp Duty, It's important for buyers to understand that not all property purchases incur Stamp Duty Land Tax (SDLT). Certain exemptions and thresholds exist, which may mean that some buyers won't have to pay SDLT at all. However, the specifics can vary based on several factors such as the purchase price, the buyer's circumstances and seller’s circumstances. To determine whether SDLT applies to their purchase and to understand the amount they may be required to pay, buyers are encouraged to seek advice from a solicitor.
Rezee innovative way of selling is a secure and straightforward way to buy property.
Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.
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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.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
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
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.