4 Bed HMO, Hull, HU5 1PJ, £140,000

32 Suffolk Street, Hull, City Of Kingston Upon Hull, HU5 1PJ - 13 views - 5 months ago

HMO
ROI: 13%
111 m²
+8 photos

ValuationUndervalued

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

 

 

Square Metres

111 m²
Price/m²£1.3K/m²

Value Estimate

£156,369
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,700

Total Cash In

£40,700

 

 

Cash Out

 

Room Rate

£433

Gross Rent

£1,732

Running Costs/mo

£1,222

Cashflow/mo

£510

Cashflow/yr

£6,117

ROI

15%

Gross Yield

15%

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 
£83.5K12/200.11 mi89, Worthing Street, Hull, Humberside HU5 1PP4
£135K01/210.17 mi24, Houston Drive, Hull, City Of Kingston Upon Hull HU5 1NJ4
£255K04/230.19 mi4, The Rydales, Hull, City Of Kingston Upon Hull HU5 1QD4
£135K10/210.25 mi25, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£120K11/220.25 mi1, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£135K04/230.25 mi12, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£130K06/210.25 mi43, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£130K05/210.25 mi5, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£125K05/230.25 mi101, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NP4
£127.5K02/230.27 mi45, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£81K10/200.35 mi37, Blaydes Street, Hull, City Of Kingston Upon Hull HU6 7RE4
£126K10/210.39 mi106, Needlers Way, Hull, City Of Kingston Upon Hull HU5 1DD4
£128K12/200.43 mi41, Walgrave Street, Hull, City Of Kingston Upon Hull HU5 2LT4
£123K09/210.46 mi51, Ventnor Street, Hull, Humberside HU5 2LR4
£280K02/230.5 mi42, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB4
£250K09/210.5 mi26, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB4
£226K09/220.51 mi4, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB4
£180K04/210.56 mi83, Desmond Avenue, Hull, Humberside HU6 7JX4
£225K10/210.56 mi2, The Parade, Hull, City Of Kingston Upon Hull HU5 2UH4
£245K04/230.56 mi16, The Parade, Hull, City Of Kingston Upon Hull HU5 2UH4
£301K09/220.58 mi3, Catherine Mcauley Close, Hull, City Of Kingston Upon Hull HU6 7FD4
£85K07/210.58 mi53, Pendrill Street, Hull, City Of Kingston Upon Hull HU3 1UU4
£85K07/210.58 mi53, Pendrill Street, Hull, City Of Kingston Upon Hull HU3 1UU4
£315K07/230.61 mi22, St Anthonys Close, Hull, City Of Kingston Upon Hull HU6 7FE4
£318.2K03/230.64 mi42, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 7TA4
£500K03/230.65 mi41, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN4
£595K09/220.65 mi15, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN4
£435.5K08/220.65 mi19, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN4
£170K04/210.66 mi646, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JH4
£177.5K03/210.66 mi1, Etherington Road, Hull, City Of Kingston Upon Hull HU6 7JR4
£300K12/220.67 mi136, Cottingham Road, Hull, City Of Kingston Upon Hull HU6 7RY4
£250K09/210.72 mi83, Salisbury Street, Hull, City Of Kingston Upon Hull HU5 3DU4
£295K05/230.78 mi49, Allderidge Avenue, Hull, City Of Kingston Upon Hull HU5 4EG4
£400K01/210.78 mi88, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DS4
£430K03/230.78 mi74, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DS4
£395.5K02/230.78 mi701, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JN4
£340K04/230.78 mi722, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JG4
£255K08/210.78 mi2, Allderidge Avenue, Hull, City Of Kingston Upon Hull HU5 4EQ4
£175K10/220.81 mi7, Burslem Street, Hull, City Of Kingston Upon Hull HU2 9BP4
£172K11/200.84 mi187, Goddard Avenue, Hull, City Of Kingston Upon Hull HU5 2BX4
£133K01/230.86 mi74, Leonard Street, Hull, City Of Kingston Upon Hull HU3 1RZ4
£57.5K02/210.88 mi31, Leonard Street, Hull, City Of Kingston Upon Hull HU3 1SA4
£205K04/210.92 mi752, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7EX4
£92K07/210.94 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

0.37 miles away

Nearest school

0.30 miles away

Nearest train station

1.49 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 £140,000

January 11, 2025

Listed for £150,000

November 15, 2024

Sold for £44,000

2004

Floor Plans

Description

  • 4 Bedroom Mid Terraced Property +
  • H.M.O (House Of Multiple Occupation) +
  • Fully Let And Managed +
  • Gross Income Of £20,800 +
  • Gross Yield Of 13.8% +

SUMMARY
William H. Brown are delighted to market this 4 bedroom HMO investment opportunity! The property is fully let and achieving an annual income of £20,800 and a yield of 13.8%!

DESCRIPTION
This fully let 4 bedroom HMO (House Of Multiple Occupation) is an ideal investment, generating a strong annual gross income of £20,800, delivering an impressive gross yield of 13.8%. Managed by a professional letting agent, who can remain in place post-sale, this property promises a smooth, hassle-free transaction and a turnkey addition to any investor's portfolio.

Each of the four rooms is currently tenanted, providing stable rental income. The property features a communal living space, a well-maintained kitchen, and shared bathroom facilities, making it an attractive option for tenants and ensuring high occupancy rates.

Located in a popular area with demand for shared housing, this property is well-positioned near local amenities and transport links, further adding to its appeal. This is a rare opportunity to acquire a fully operational HMO with a strong return on investment - don't miss out!

Entrance Hall 
Double glazed entrance door to the front and a radiator.

Lounge 13' 11" max x 12' 7" max ( 4.24m max x 3.84m max )
Double glazed bay window to the front and a radiator.

Bedroom 3 12' 2" x 10' 10" max ( 3.71m x 3.30m max )
Double glazed window to the rear and a radiator.

Kitchen/ Diner 22' 6" max x 10' 1" ( 6.86m max x 3.07m )
Fitted kitchen with a range of wall and base units, 4 ring gas hob with hood over, plumbing for an automatic washing machine, boiler, two radiators, tiled floors, two double glazed windows to the side, double glazed window to the rear and double glazed door to the side.

Landing 
Split level landing with access to the loft.

Bedroom 1 11' 3" x 16' 6" max ( 3.43m x 5.03m max )
Two double glazed windows to the front and a radiator.

Bedroom 2 12' 2" x 10' 9" max ( 3.71m x 3.28m max )
Double glazed window to the rear, recess storage and a radiator.

Bedroom 4 11' 5" max x 10' 2" max ( 3.48m max x 3.10m max )
Double glazed window to the rear and a radiator.

Bathroom 
Bathroom with corner shower, pedestal wash hand basin, low level W/C, radiator, extractor fan, tiled walls, tiled floor and double glazed window to the side.

Front Garden 
Low maintenance yard with fence surround.

Rear Garden 
Concrete yard with fence surround.

DIRECTIONS
See below map for property location, for further information please contact the Residential Sales Team on .

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Hull Newland Avenue

01482 251831

Next Steps?

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