- Reservation Fee Applicable +
- T&C's Apply +
- Immaculate four-bedroom HMO with a Certificate of Lawful Use +
- Approximate yield of 13.1%, offering solid returns +
- Features good-sized bedrooms, providing comfortable living spaces +
- Includes a ground floor WC and first-floor shower room +
- Located close to Hull University, attracting student tenants +
- Easy access to Newland Avenue with coffee bars, shops, and restaurants +
- Ready-to-go investment with strong rental potential +
- Generates over £20,280 per annum in rental income +
*Guide Price £155,000 - £160,000 plus Reservation Fee*
This immaculate four double bedroom HMO (House in Multiple Occupation) presents a fantastic investment opportunity, generating an annual income of over £20,280, with an approximate yield of 13.1%. The property comes with a Certificate of Lawful Use in place, ensuring compliance and hassle-free management.
The property offers good-sized bedrooms, a convenient ground floor WC, and a first-floor shower room, providing comfortable accommodation for tenants. Its location is ideal, within easy reach of Hull University and the vibrant Newland Avenue, known for its wide selection of coffee bars, shops, and restaurants.
With strong rental income, excellent condition, and a prime location, this HMO is ready to provide a reliable return on investment.
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 £3,000 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.