Vibrant area with a variety of coffee bars, shops, and restaurants +
Annual rental income of approximately £24,000 +
Attractive gross yield of over 13% +
Rare off-street parking for an HMO in this location +
Two additional double bedrooms sharing a bathroom +
Two ensuite bedrooms +
Four-bedroom HMO property +
*Guide Price £170,000 - £180,000 plus Reservation Fee*
Welcome to this exceptional four-bedroom HMO property, offering a prime investment opportunity in a vibrant and sought-after area of Hull. Located between Newland Avenue and Princes Avenue, this property is ideally positioned near a bustling part of the city, known for its excellent choice of coffee bars, shops, and restaurants, and is also within easy reach of Hull University.
Key Features:
- Four-bedroom HMO property
- Two ensuite bedrooms
- Two additional double bedrooms sharing a bathroom
- Rare off-street parking for an HMO in this location
- Annual rental income of approximately £24,000
- Attractive gross yield of over 13%
- Situated between Newland Avenue and Princes Avenue
- Vibrant area with a variety of coffee bars, shops, and restaurants
- Convenient access to Hull University
This property not only offers two ensuite rooms for added convenience but also benefits from off-street parking, a rare and valuable feature for an HMO in this area. With an annual rental income of approximately £24,000, it provides an attractive gross yield of over 13%, making it a highly desirable investment.
Take advantage of this unique opportunity to invest in a property that combines modern living with a prime location. Whether you're a seasoned investor or looking to enter the market, this HMO property offers strong returns and the potential for continued growth in a thriving community.
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 90 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.
Agent Details
Rezee, Hull
01482 251686
Next Steps?
This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪
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