5 Bed HMO, Hull, HU5 2UR, £225,000

Park Grove, Princes Avenue, Hull, HU5 2UR - 7 views - 9 months ago

HMO

ROI: 11%

~178 m²

+9 photos

ValuationFair Value

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

Square Metres	~178.28 m²
Price/m²	£1.3K/m²
Value Estimate	£229,324£229,324

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£56,250£56,250
Stamp Duty & Legal Fees	£7,950£7,950
Total Cash In	£64,200£64,200

Cash Out
Room Rate	£464£464
Gross Rent	£2,320£2,320
Running Costs/mo	£1,729£1,729
Cashflow/mo	£591£591
Cashflow/yr	£7,094£7,094
ROI	11%11%
Gross Yield	12%12%

Local Sold Prices

21 sold prices from £70K to £495K, average is £240K. £441/m² to £2.6K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£240K	03/21	0.44 mi	31, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LJ	£1,500	160	5	Terraced House
£215K	02/21	0.44 mi	5, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LJ	£1,215	177	5	Terraced House
£137K	11/21	0.46 mi	17, Harley Street, Hull, City Of Kingston Upon Hull HU2 9BE	£568	241	5	Terraced House
£152K	07/23	0.51 mi	103, Lambert Street, Hull, City Of Kingston Upon Hull HU5 2SH	£1,520	100	5	Terraced House
£70K	12/21	0.54 mi	106, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NP	£441	159	5	Terraced House
£118K	11/20	0.6 mi	94, Alexandra Street, Hull, City Of Kingston Upon Hull HU3 1DX	£1,093	108	5	Terraced House
£93.5K	11/21	0.6 mi	19, Ryde Street, Hull, City Of Kingston Upon Hull HU5 1PA	£835	112	5	Terraced House
£193.5K	06/21	0.72 mi	144, Sunny Bank, Hull, City Of Kingston Upon Hull HU3 1LE	£1,029	188	5	Terraced House
£495K	12/20	0.94 mi	108, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DU	£2,012	246	5	Detached House
£450K	04/23	1.06 mi	171, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DX	-	-	5	Detached House
£130K	10/20	1.16 mi	2, Cholmley Street, Hull, City Of Kingston Upon Hull HU3 3DW	£722	180	5	Terraced House
£290K	01/21	1.24 mi	692, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JH	£1,643	177	5	Semi-Detached House
£460K	03/23	1.39 mi	703, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JN	£2,599	177	5	Semi-Detached House
£100K	01/23	1.56 mi	152, St Georges Road, Hull, City Of Kingston Upon Hull HU3 3QE	£629	159	5	Terraced House
£255K	02/21	1.64 mi	51, Bishop Alcock Road, Hull, City Of Kingston Upon Hull HU5 4RL	£1,861	137	5	Detached House
£245K	12/22	1.65 mi	702, Anlaby Road, Hull, City Of Kingston Upon Hull HU4 6BP	-	-	5	Terraced House
£258K	10/20	1.74 mi	1, Beech Avenue Shopping Centre, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QE	£1,358	190	5	Terraced House
£360K	11/21	1.79 mi	51, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PF	£2,188	165	5	Detached House
£410K	01/23	1.81 mi	16, Caledonia Park, Hull, City Of Kingston Upon Hull HU9 1TE	-	-	5	Detached House
£312K	03/23	1.9 mi	69, Village Road, Hull, City Of Kingston Upon Hull HU8 8QP	£1,642	190	5	Semi-Detached House
£73K	04/21	1.96 mi	22, Morrill Street, Hull, City Of Kingston Upon Hull HU9 2LJ	£451	162	5	Terraced House

Local Area Statistics

Population in HU5	51,12051,120
Population in Hull	313,622313,622
Town centre distance	0.48 miles away0.48 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.96 miles away0.96 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+25%+25%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+24%+24%

Property History

Listed for £225,000

July 11, 2024

Description

Close to public transport +
Double glazing +
En suite +
Fitted Kitchen +
Fully Furnished +
Shops and amenities nearby +
Garden +
Communal Kitchen +
Rear Garden +
Shops and amenities nearby +

Fantastic Opportunity to Purchase a 5 Bedroom HMO House in Park Grove HU5, the property has been converted into a 5 double en-suite house share currently occupied by 5 working working professionals.

The property is situated in the popular area of Princes avenue, closely located to bars, cafe bars, restaurants, the infamous Pearson Park, along with being close to the city centre by walking distance. The Property is also closely located to the Hull University on Cottingham Road, aswell as being close to Hull Royal infirmary.

Serious interest only, must be in positive position to view.

Purchase Price - £225,000

Gross Rent Receivable - £29,184

Gross Yield - 13%

The property has recently been Granted its HMO Planning Approval and is fully licensed HMO in an article area.

Serious interest only, must be in positive position to view.

Agent Details

HPC, Hull

01482 251827

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

5 Bed HMO, Hull, HU5 3RL

£185,000

28 views • 2 months ago • 178 m²

Sold STC

6 Bed HMO, Hull, HU5 3AG

£215,000

6 views • a year ago • 186 m²

4 Bed HMO, Hull, HU5 2RH

£170,000

3 views • 10 months ago • 96 m²

5 Bed HMO, Hull, HU5 1AS

£130,000

77 views • 2 years ago • 170 m²