5 Bed HMO, Hull, HU6 7ST, £225,000

122 Cranbrook Avenue, Hull, HU6 7ST - 14 views - 6 months ago

HMO
ROI: 9%
102 m²
+7 photos

ValuationOvervalued

Sold Prices£70K - £600K
Sold Prices/m²£441/m² - £3.6K/m²

 

 

Square Metres

102 m²
Price/m²£2.2K/m²

Value Estimate

£167,554

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Total Cash In

£64,200

 

 

Cash Out

 

Room Rate

£438

Gross Rent

£2,190

Running Costs/mo

£1,700

Cashflow/mo

£490

Cashflow/yr

£5,877

ROI

9%

Gross Yield

12%

Local Sold Prices

29 sold prices from £70K to £600K, average is £291K. £441/m² to £3.6K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£290K01/210.33 mi692, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JH5
£460K03/230.35 mi703, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JN5
£450K04/230.48 mi171, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DX5
£495K12/200.54 mi108, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DU5
£70K12/210.64 mi106, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NP5
£152K07/230.67 mi103, Lambert Street, Hull, City Of Kingston Upon Hull HU5 2SH5
£93.5K11/210.8 mi19, Ryde Street, Hull, City Of Kingston Upon Hull HU5 1PA5
£216K04/211.25 mi36, Merchant Way, Cottingham, East Riding Of Yorkshire HU16 4PS5
£217K03/211.25 mi22, Merchant Way, Cottingham, East Riding Of Yorkshire HU16 4PS5
£255K02/211.25 mi51, Bishop Alcock Road, Hull, City Of Kingston Upon Hull HU5 4RL5
£418K11/221.38 mi4, Walnut Close, Cottingham, East Riding Of Yorkshire HU16 4PR5
£600K04/231.47 mi28a, Hull Road, Cottingham, East Riding Of Yorkshire HU16 4PX5
£240K03/211.48 mi31, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LJ5
£215K02/211.48 mi5, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LJ5
£137K11/211.5 mi17, Harley Street, Hull, City Of Kingston Upon Hull HU2 9BE5
£193.5K06/211.56 mi144, Sunny Bank, Hull, City Of Kingston Upon Hull HU3 1LE5
£140.5K03/231.71 mi20, Amberley Close, Bransholme, Hull, City Of Kingston Upon Hull HU7 6BQ5
£118K11/201.75 mi94, Alexandra Street, Hull, City Of Kingston Upon Hull HU3 1DX5
£70K08/211.79 mi326, Stroud Crescent East, Bransholme, Hull, City Of Kingston Upon Hull HU7 4QN5
£291K07/211.82 mi33, Staunton Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GB5
£299K02/211.84 mi1, Bushey Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3JF5
£408K06/221.86 mi6, Dene Close, Dunswell, Hull, East Riding Of Yorkshire HU6 0AB5
£325K11/201.87 mi95, Hornscroft Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GS5
£350K02/211.87 mi74, Hornscroft Park, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GS5
£427K05/211.9 miBurrow Hill, North Moor Lane, Cottingham, East Riding Of Yorkshire HU16 4JL5
£385K11/201.94 mi15, The Pines, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GT5
£460K11/221.96 mi31, The Pines, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GT5
£415K03/211.96 mi11, The Pines, Kingswood, Hull, City Of Kingston Upon Hull HU7 3GT5
£315K01/211.98 miSchool House, Beverley Road, Dunswell, Hull, East Riding Of Yorkshire HU6 0AD5

Local Area Statistics

Population in HU6

33,515

Population in Hull

313,622

Town centre distance

0.67 miles away

Nearest school

0.10 miles away

Nearest train station

1.85 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £225,000

October 8, 2024

Floor Plans

Description

Location: Cranbrook Avenue, Hull, HU6

Price: £225,000

Vacant and Ready for Immediate Letting – Certificate of Lawful Use (CLU) in Place

This 5-bedroom HMO terraced house is situated on Cranbrook Avenue, one of the best streets for students, just a 2-minute walk from the University of Hull. The property is currently vacant and fully compliant with a Certificate of Lawful Use (CLU) for its HMO status. Close to local amenities such as shops, cafes, and transport links, this house is a perfect fit for student tenants. The layout includes three spacious bedrooms upstairs and two downstairs.

Key Features:

5 Fully Furnished Bedrooms – 3 bedrooms upstairs and 2 downstairs, all spacious and ready for tenants
Comfortable Living Space – Designed for student communal living
Prime Location on Cranbrook Avenue – Highly sought-after student street, just a 2-minute walk to the University of Hull
Certificate of Lawful Use (CLU) – Ensuring compliance for HMO usage
Rental Potential:

Potential Rent: £105 per week per room
Annual Potential Income: £26,250 based on a 50-week contract
Yield Potential:

With a sale price of £225,000, the property offers a potential yield of 11.67%, making it a highly attractive investment in a thriving student rental market.

Agent Details

Tulip, Hull

01482 251832

Next Steps?

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