An exceptional opportunity to acquire a spacious 7-bedroom, fully compliant HMO property in a prime rental market. This investment-ready property benefits from historic tenancies confirming permitted usage under the Article 4 Directive and offers a potential gross income of £30,940 per annum with a gross yield of 14.06% when fully let. Currently vacant, the property is structurally sound and fully compliant but offers excellent scope for refurbishment to maximise rental income and property value.
The property features seven spacious bedrooms, two full bathrooms, a kitchen equipped with two integrated electric hobs, under-counter ovens, sink/drainer, and combination boiler, and a large separate living/dining room measuring 21m² – ideal for communal use. It is fully furnished, has UPVC windows, gas central heating throughout, a mains-wired interlinked fire detection system, and fire doors throughout, ensuring safety and compliance. Additionally, there is significant scope for further development to enhance its rental appeal and return on investment.
On the ground floor, the property comprises an entrance hallway, Bedroom 1 (17m²), a spacious room with potential for ensuite installation, and Bedroom 2 (15m²), which is also ideal for ensuite conversion. The generously sized living/dining room spans 21m² and offers a perfect communal area for tenants. The kitchen (9.6m²) is well-equipped with two sets of cooking facilities, integrated hobs, ovens, and a combination boiler. A rear lobby provides additional sink/drainer and washing machine space, and the ground floor bathroom includes an over-bath electric shower, wash hand basin, and WC.
The first floor features Bedroom 3 (10m²), a front left-hand room, Bedroom 4 (11m²), which includes space into the bay window, and Bedroom 5 (12m²), the rear main bedroom.
Agent Details
Tulip, Hull
01482 251832
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