4 Bed HMO, Hull, HU5 1PB, £125,000

Ryde Street, Hull, HU5 1PB - 42 views - 7 months ago

Sold STC
HMO
ROI: 15%
~129 m²
+5 photos

ValuationUndervalued

Sold Prices£57.5K - £595K
Sold Prices/m²£853/m² - £3.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£967/m²

Value Estimate

£157,300
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£5,100

Total Cash In

£36,350

 

 

Cash Out

 

Room Rate

£414

Gross Rent

£1,656

Running Costs/mo

£1,154

Cashflow/mo

£502

Cashflow/yr

£6,024

ROI

17%

Gross Yield

16%

Local Sold Prices

44 sold prices from £57.5K to £595K, average is £178.8K. £853/m² to £3.1K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£83.5K12/200.09 mi89, Worthing Street, Hull, Humberside HU5 1PP4
£135K01/210.13 mi24, Houston Drive, Hull, City Of Kingston Upon Hull HU5 1NJ4
£255K04/230.13 mi4, The Rydales, Hull, City Of Kingston Upon Hull HU5 1QD4
£135K10/210.2 mi25, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£120K11/220.2 mi1, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£135K04/230.2 mi12, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£130K06/210.2 mi43, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£130K05/210.2 mi5, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£127.5K02/230.22 mi45, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£125K05/230.31 mi101, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NP4
£126K10/210.34 mi106, Needlers Way, Hull, City Of Kingston Upon Hull HU5 1DD4
£81K10/200.38 mi37, Blaydes Street, Hull, City Of Kingston Upon Hull HU6 7RE4
£128K12/200.48 mi41, Walgrave Street, Hull, City Of Kingston Upon Hull HU5 2LT4
£123K09/210.51 mi51, Ventnor Street, Hull, Humberside HU5 2LR4
£280K02/230.53 mi42, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB4
£250K09/210.53 mi26, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB4
£226K09/220.54 mi4, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB4
£180K04/210.56 mi83, Desmond Avenue, Hull, Humberside HU6 7JX4
£85K07/210.57 mi53, Pendrill Street, Hull, City Of Kingston Upon Hull HU3 1UU4
£85K07/210.57 mi53, Pendrill Street, Hull, City Of Kingston Upon Hull HU3 1UU4
£225K10/210.58 mi2, The Parade, Hull, City Of Kingston Upon Hull HU5 2UH4
£245K04/230.58 mi16, The Parade, Hull, City Of Kingston Upon Hull HU5 2UH4
£301K09/220.61 mi3, Catherine Mcauley Close, Hull, City Of Kingston Upon Hull HU6 7FD4
£315K07/230.65 mi22, St Anthonys Close, Hull, City Of Kingston Upon Hull HU6 7FE4
£318.2K03/230.66 mi42, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 7TA4
£177.5K03/210.67 mi1, Etherington Road, Hull, City Of Kingston Upon Hull HU6 7JR4
£170K04/210.67 mi646, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JH4
£500K03/230.7 mi41, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN4
£595K09/220.7 mi15, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN4
£435.5K08/220.7 mi19, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN4
£300K12/220.72 mi136, Cottingham Road, Hull, City Of Kingston Upon Hull HU6 7RY4
£250K09/210.77 mi83, Salisbury Street, Hull, City Of Kingston Upon Hull HU5 3DU4
£175K10/220.8 mi7, Burslem Street, Hull, City Of Kingston Upon Hull HU2 9BP4
£340K04/230.8 mi722, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JG4
£395.5K02/230.8 mi701, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JN4
£295K05/230.83 mi49, Allderidge Avenue, Hull, City Of Kingston Upon Hull HU5 4EG4
£400K01/210.83 mi88, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DS4
£430K03/230.83 mi74, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DS4
£255K08/210.84 mi2, Allderidge Avenue, Hull, City Of Kingston Upon Hull HU5 4EQ4
£133K01/230.86 mi74, Leonard Street, Hull, City Of Kingston Upon Hull HU3 1RZ4
£57.5K02/210.89 mi31, Leonard Street, Hull, City Of Kingston Upon Hull HU3 1SA4
£172K11/200.9 mi187, Goddard Avenue, Hull, City Of Kingston Upon Hull HU5 2BX4
£205K04/210.93 mi752, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7EX4
£92K07/210.95 mi3, Mayfield Street, Hull, City Of Kingston Upon Hull HU3 1NS4

Local Area Statistics

Population in HU5

51,120

Population in Hull

313,622

Town centre distance

0.42 miles away

Nearest school

0.40 miles away

Nearest train station

1.48 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Price changed to £125,000

February 8, 2025

Listed for £130,000

September 9, 2024

Sold for £65,000

2005

Floor Plans

Description

  • Reservation Fee Aplicable +
  • T&C's Apply +
  • Turnkey Investment: Tenants in place for immediate rental income. +
  • Strong Rental Demand: Popular area ensures consistent tenant interest. +
  • Ideal for Students: Within easy reach of Hull University. +
  • Close to Amenities: Surrounded by shops, cafes, and services. +
  • Prime Location: Situated off Beverley Road, a highly sought-after area. +
  • Article Four Exemption: Historic evidence available to confirm exemption. +
  • Four-Bedroom HMO: well-maintained. +
  • High Yield: Achieving £19,864 per annum with a 15% gross return. +

*Guide Price £130,000 - £140,000 plus Reservation Fee*

# Four-Bedroom HMO in Popular Beverley Road Location – High Yield Investment

This four-bedroom HMO offers an exceptional investment opportunity, currently achieving a rental income of £19,864 per annum, providing a gross return of around 15%. The seller has confirmed they can provide historic evidence that predates Article Four restrictions, ensuring a seamless purchase process. Key Features: - High Yield Investment: Generating £19,864 per annum, offering an impressive 15% gross return.
- Four-Bedroom HMO: Well-maintained 
- Article Four Exemption: Historic evidence available, predating Article Four restrictions.
- Popular Location: Situated off Beverley Road, one of Hull’s most sought-after areas.
- Proximity to Amenities: Surrounded by local shops, cafes, and amenities for tenant convenience.
- Ideal for University Students: Within easy reach of Hull University, making it attractive for student tenants.
- Strong Rental Demand: Prime location ensures a steady flow of potential tenants.
- Turnkey Investment: Ready for continued rental with tenants in place. This property presents a rare opportunity to acquire a high-return investment in one of Hull’s most popular areas. Early viewing is highly recommended!

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.

Agent Details

Rezee, Hull

01482 251686

Next Steps?

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