5 Bed HMO, Hull, HU5 1PQ, £150,000

May Street, Hull, HU5 1PQ - a year ago

Sold STC
HMO
ROI: 12%
~127 m²

ValuationUndervalued

Sold Prices£70K - £495K
Sold Prices/m²£441/m² - £2.6K/m²

 

 

Square Metres

~126.61 m²
Price/m²£1.2K/m²

Value Estimate

£186,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Room Rate

£367

Gross Rent

£1,835

Running Costs/mo

£1,364

Cashflow/mo

£471

Cashflow/yr

£5,648

ROI

12%

Gross Yield

15%

Local Sold Prices

27 sold prices from £70K to £495K, average is £217K. £441/m² to £2.6K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£93.5K11/210.05 mi19, Ryde Street, Hull, City Of Kingston Upon Hull HU5 1PA5
£152K07/230.24 mi103, Lambert Street, Hull, City Of Kingston Upon Hull HU5 2SH5
£70K12/210.26 mi106, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NP5
£290K01/210.69 mi692, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JH5
£137K11/210.81 mi17, Harley Street, Hull, City Of Kingston Upon Hull HU2 9BE5
£460K03/230.86 mi703, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JN5
£495K12/200.87 mi108, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DU5
£450K04/230.93 mi171, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DX5
£240K03/211.06 mi31, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LJ5
£215K02/211.06 mi5, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LJ5
£118K11/201.18 mi94, Alexandra Street, Hull, City Of Kingston Upon Hull HU3 1DX5
£193.5K06/211.29 mi144, Sunny Bank, Hull, City Of Kingston Upon Hull HU3 1LE5
£360K11/211.49 mi51, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PF5
£258K10/201.51 mi1, Beech Avenue Shopping Centre, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QE5
£140.5K03/231.54 mi20, Amberley Close, Bransholme, Hull, City Of Kingston Upon Hull HU7 6BQ5
£312K03/231.71 mi69, Village Road, Hull, City Of Kingston Upon Hull HU8 8QP5
£255K02/211.71 mi51, Bishop Alcock Road, Hull, City Of Kingston Upon Hull HU5 4RL5
£130K10/201.78 mi2, Cholmley Street, Hull, City Of Kingston Upon Hull HU3 3DW5
£70K08/211.81 mi326, Stroud Crescent East, Bransholme, Hull, City Of Kingston Upon Hull HU7 4QN5
£73K04/211.83 mi22, Morrill Street, Hull, City Of Kingston Upon Hull HU9 2LJ5
£279K07/211.84 mi25, Thamesbrook, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4WL5
£266K05/211.84 mi27, Thamesbrook, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4WL5
£245K04/211.84 mi8, Thamesbrook, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4WL5
£350K02/211.89 mi9, Hillsway Close, Hull, City Of Kingston Upon Hull HU8 0JH5
£216K04/211.91 mi36, Merchant Way, Cottingham, East Riding Of Yorkshire HU16 4PS5
£217K03/211.91 mi22, Merchant Way, Cottingham, East Riding Of Yorkshire HU16 4PS5
£119K12/211.99 mi136, Perran Close, Bransholme, Hull, City Of Kingston Upon Hull HU7 4PN5

Local Area Statistics

Population in HU5

51,120

Population in Hull

313,622

Town centre distance

0.37 miles away

Nearest school

0.30 miles away

Nearest train station

1.45 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £150,000

March 7, 2024

Floor Plans

Description

  • Reservation Fee Apllicable +
  • T&Cs Apply +
  • Turnkey Investment: Hassle-free addition to your portfolio, offering a secure and lucrative opportunity. +
  • Stable occupancy and income. +
  • Strategic Location: Conveniently situated with easy access to amenities, public transport, and local services. +
  • Spacious Living: Five well-proportioned bedrooms provide comfortable accommodation for tenants. +
  • Impressive Gross Yield: Boasts an impressive gross yield of nearly 15% before bills, indicating strong financial performance. +
  • Robust Rental Income: Generates an annual rent of £22,000, offering a substantial and reliable income. +
  • Longstanding Rental History: Proven track record dating back to 2011, showcasing consistent rental success. +
  • Licensed HMO: Valid House in Multiple Occupation license in place for regulatory compliance. +

*Guide Price £150,000 plus Reservation Fee* Introducing a lucrative investment opportunity! This well-appointed 5-bed House in Multiple Occupation (HMO) comes with a valid license and an impressive rental history dating back to 2011, solidifying its status and usage. Key Features: HMO License in Place: Compliance is key, and this property boasts a valid HMO license, ensuring adherence to regulatory standards. Proven Rental Success: With rental history dating back to 2011, this property has delivered reliable returns. Substantial Rental Income: Generating an annual rent of approximately £22,000, this HMO property commands a substantial income stream. Exceptional Gross Yield: Achieving an impressive gross yield of nearly approximately 15% before bills, this investment stands out for its financial performance. Spacious Accommodation: The property offers five well-proportioned bedrooms, providing comfortable living spaces for tenants. Strategic Location: Ideally situated for tenant appeal, with convenient access to amenities, public transport, and local services. Turnkey Investment: An investor's dream, with a reliable income stream and all the necessary licensing in place, making it a hassle-free addition to your portfolio. Seize the opportunity to add this high-performing HMO property to your investment portfolio. Whether you're a seasoned investor or exploring your first venture, the combination of a proven track record and impressive financial metrics makes this property a standout choice. Schedule a viewing to unlock the full potential of this lucrative investment. 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. 

Have you heard of the new Rezee way of selling your property? We offer a FREE service to sellers with fixed 60 day completion timelines. Call to find out more info.

Agent Details

Rezee, Hull

01482 251686

Next Steps?

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