5 Bed HMO, Hull, HU3 2UD, £170,000

Boulevard, Hull, HU3 2UD - 1 views - 5 months ago

HMO
ROI: 18%
~156 m²
+10 photos

ValuationUndervalued

Sold Prices£70K - £900K
Sold Prices/m²£441/m² - £3.6K/m²

 

 

Square Metres

~156.08 m²
Price/m²£1.1K/m²

Value Estimate

£212,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£9,700

Total Cash In

£52,200

 

 

Cash Out

 

Room Rate

£460

Gross Rent

£2,300

Running Costs/mo

£1,535

Cashflow/mo

£765

Cashflow/yr

£9,176

ROI

18%

Gross Yield

16%

Local Sold Prices

32 sold prices from £70K to £900K, average is £256.5K. £441/m² to £3.6K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£130K10/200.17 mi2, Cholmley Street, Hull, City Of Kingston Upon Hull HU3 3DW5
£100K01/230.44 mi152, St Georges Road, Hull, City Of Kingston Upon Hull HU3 3QE5
£118K11/200.67 mi94, Alexandra Street, Hull, City Of Kingston Upon Hull HU3 1DX5
£193.5K06/210.69 mi144, Sunny Bank, Hull, City Of Kingston Upon Hull HU3 1LE5
£240K03/210.72 mi31, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LJ5
£215K02/210.72 mi5, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LJ5
£245K12/221.1 mi702, Anlaby Road, Hull, City Of Kingston Upon Hull HU4 6BP5
£137K11/211.17 mi17, Harley Street, Hull, City Of Kingston Upon Hull HU2 9BE5
£375K09/211.55 mi12, Plantation Drive West, Hull, City Of Kingston Upon Hull HU4 6XD5
£345K12/201.62 mi10, Gemsbok Way, Hull, City Of Kingston Upon Hull HU4 6UF5
£240K07/211.62 mi34, Legarde Avenue, Hull, City Of Kingston Upon Hull HU4 6AP5
£152K07/231.62 mi103, Lambert Street, Hull, City Of Kingston Upon Hull HU5 2SH5
£70K12/211.64 mi106, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NP5
£93.5K11/211.73 mi19, Ryde Street, Hull, City Of Kingston Upon Hull HU5 1PA5
£495K12/201.77 mi108, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DU5
£410K01/231.86 mi16, Caledonia Park, Hull, City Of Kingston Upon Hull HU9 1TE5
£450K04/231.91 mi171, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DX5
£255K02/212.09 mi51, Bishop Alcock Road, Hull, City Of Kingston Upon Hull HU5 4RL5
£290K01/212.34 mi692, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JH5
£460K03/232.47 mi703, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JN5
£258K10/202.5 mi1, Beech Avenue Shopping Centre, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QE5
£73K04/212.57 mi22, Morrill Street, Hull, City Of Kingston Upon Hull HU9 2LJ5
£312K03/232.59 mi69, Village Road, Hull, City Of Kingston Upon Hull HU8 8QP5
£360K11/212.63 mi51, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PF5
£216K04/212.67 mi36, Merchant Way, Cottingham, East Riding Of Yorkshire HU16 4PS5
£217K03/212.67 mi22, Merchant Way, Cottingham, East Riding Of Yorkshire HU16 4PS5
£418K11/222.73 mi4, Walnut Close, Cottingham, East Riding Of Yorkshire HU16 4PR5
£600K04/232.77 mi28a, Hull Road, Cottingham, East Riding Of Yorkshire HU16 4PX5
£458K10/222.87 mi93, Wolfreton Lane, Willerby, Hull, East Riding Of Yorkshire HU10 6PS5
£630K11/202.94 mi357, Beverley Road, Anlaby, Hull, East Riding Of Yorkshire HU10 7BQ5
£450K10/202.94 mi34, Cleminson Gardens, Cottingham, East Riding Of Yorkshire HU16 4RW5
£900K09/222.97 mi302, Beverley Road, Anlaby, Hull, East Riding Of Yorkshire HU10 7BG5

Local Area Statistics

Population in HU3

26,648

Population in Hull

313,622

Town centre distance

1.55 miles away

Nearest school

0.20 miles away

Nearest train station

0.85 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Price changed to £170,000

January 23, 2025

Listed for £180,000

October 23, 2024

Floor Plans

Description

  • FIVE-ROOM HMO in PRIME LOCATION +
  • FULLY LET, generating £2,300 PER MONTH +
  • LIVING ROOM and SPACIOUS KITCHEN with ample UNITS +
  • GROUND FLOOR SHOWER ROOM and SEPARATE WC +
  • LOW MAINTENANCE REAR GARDEN +
  • Freehold +
  • Council Tax Band B +
  • EPC Rating E +

INVITING OFFERS BETWEEN £170,000 - £180,000

Summary: Welcome to your next investment opportunity! This five-room hmo is in a highly sought-after area, conveniently close to the city centre and major access routes. The property is in excellent condition and is fully occupied, generating a solid income of £2,300 per month. Whether you're a seasoned landlord or new to the vibrant HMO market, this property promises a rewarding venture.

Our Thoughts: This property is a fantastic find for investors. Positioned in a popular area, it offers easy access to the entire city, making it highly appealing to tenants. The property features large rooms at the front with bay windows, offering plenty of natural light. The living room is situated at the rear, with a window overlooking the passageway leading to a well-equipped kitchen, complete with ample wall and base units. The ground floor also includes a convenient SHOWER ROOM with a shower cubicle, basin, and WC, as well as a separate WC. Step out of the kitchen into a low maintenance rear garden, perfect for tenants seeking outdoor space.

Upstairs, you'll find room three at the back, a spacious area with its own ensuite shower room. Adjacent to this is a bathroom featuring both a bath and shower, basin, and WC, along with a third bathroom offering similar facilities. At the front of the property are two large rooms, making this an attractive living space for tenants. This property is an exceptional opportunity for landlords eager to tap into the thriving HMO market.

Tenure The property is freehold.

Council Tax Council Tax is payable to the Hull City Council. From verbal enquiries we are advised that the property is shown in the Council Tax Property Bandings List in Valuation Band - B.*

Fixtures & Fittings Certain fixtures and fittings may be purchased with the property but may be subject to separate negotiation as to price.

Disclaimer *The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.

Viewings Strictly by appointment with the sole agents.

Site Plan Disclaimer The site plan is for guidance only to show how the property sits within the plot and is not to scale.

Mortgages We will be pleased to offer expert advice regarding a mortgage for this property, details of which are available from our Newland Avenue office on . Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Thinking of selling or struggling to sell your house? More people choose beercocks in this region than any other agent. Book your free valuation now!

Agent Details

Beercocks, Newland Avenue, Hull

01482 425394

Next Steps?

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

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