Potential 4-Bed HMO, Hull, HU3 6AT, £110,000

Granville Street, Hull, HU3 6AT - 9 views - 3 months ago

Sold STC
HMO
ROI: 11%
~93 m²
+6 photos

ValuationOvervalued

Sold Prices£57K - £185.5K
Sold Prices/m²£535/m² - £1.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£91,897

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,800

Total Cash In

£32,300

 

 

Cash Out

 

Room Rate

£354

Gross Rent

£1,416

Running Costs/mo

£1,050

Cashflow/mo

£366

Cashflow/yr

£4,396

ROI

14%

Gross Yield

15%

Local Sold Prices

50 sold prices from £57K to £185.5K, average is £98.5K. £535/m² to £1.8K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£57K12/220.07 mi35, Arthur Street, Hull, City Of Kingston Upon Hull HU3 6BH3
£58K11/200.09 mi49, Arthur Street, Hull, City Of Kingston Upon Hull HU3 6BJ3
£90K12/200.12 mi38, St Georges Road, Hull, City Of Kingston Upon Hull HU3 6EJ3
£90K12/220.12 mi28, St Georges Road, Hull, City Of Kingston Upon Hull HU3 6EJ3
£67K04/210.14 mi59, St Georges Road, Hull, City Of Kingston Upon Hull HU3 6EE3
£87K11/210.18 mi9, Selby Street, Hull, City Of Kingston Upon Hull HU3 3PB3
£110K01/210.19 mi52, Clairbrook Close, Hull, City Of Kingston Upon Hull HU3 3QQ3
£85K11/200.2 mi96, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BX3
£110K01/230.2 mi40, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BX3
£77K12/200.2 mi116, Plane Street, Hull, City Of Kingston Upon Hull HU3 6BY3
£67K04/210.21 mi28, Glasgow Street, Hull, City Of Kingston Upon Hull HU3 3PR3
£111K02/230.23 mi138, St Georges Road, Hull, City Of Kingston Upon Hull HU3 3QE3
£105K08/210.23 mi30, Melrose Street, Hull, City Of Kingston Upon Hull HU3 6ES3
£95K02/230.25 mi3, Dorado Close, Hull, City Of Kingston Upon Hull HU3 3QR3
£70K01/230.25 mi9, Acland Street, Hull, City Of Kingston Upon Hull HU3 6QQ3
£125K03/230.25 mi73, Melrose Street, Hull, City Of Kingston Upon Hull HU3 6ET3
£85K07/230.27 mi110, Somerset Street, Hull, City Of Kingston Upon Hull HU3 3QG3
£105K06/210.27 mi63, Glencoe Street, Hull, City Of Kingston Upon Hull HU3 6HR3
£105K03/230.3 mi76, Greek Street, Hull, City Of Kingston Upon Hull HU3 6DE3
£87K11/200.33 mi569, Anlaby Road, Hull, City Of Kingston Upon Hull HU3 6SH3
£95K12/220.33 mi19, Ena Street, Hull, City Of Kingston Upon Hull HU3 2TG3
£135K07/220.33 mi8, Littlebeck Close, Hull, City Of Kingston Upon Hull HU3 6NQ3
£60K07/230.35 mi136, Somerset Street, Hull, City Of Kingston Upon Hull HU3 3QH3
£80K01/230.36 mi31, Queensgate Street, Hull, City Of Kingston Upon Hull HU3 2TT3
£97K03/210.37 mi138, De La Pole Avenue, Hull, City Of Kingston Upon Hull HU3 6RQ3
£82K11/200.37 mi96, Alliance Avenue, Hull, City Of Kingston Upon Hull HU3 6QX3
£73.5K01/210.37 mi145, Alliance Avenue, Hull, Humberside HU3 6QU3
£118K06/230.37 mi131, Alliance Avenue, Hull, City Of Kingston Upon Hull HU3 6QU3
£150K02/230.37 mi65, Hawthorn Avenue, Hull, City Of Kingston Upon Hull HU3 5PA3
£120K03/210.38 mi65, Boulevard, Hull, City Of Kingston Upon Hull HU3 2UD3
£150K01/230.39 mi14, Parkfield Drive, Hull, City Of Kingston Upon Hull HU3 6TB3
£132K09/220.4 mi11, Edinburgh Street, Hull, City Of Kingston Upon Hull HU3 5AP3
£96K03/210.4 mi32, Gordon Street, Hull, City Of Kingston Upon Hull HU3 3HN3
£163K03/230.4 mi60, Springfield Road, Hull, City Of Kingston Upon Hull HU3 6TH3
£118K11/200.4 mi110, Hawthorn Avenue, Hull, City Of Kingston Upon Hull HU3 5PY3
£133.5K03/210.43 mi14, Parkfield Drive, Hull, City Of Kingston Upon Hull HU3 6TB3
£120K03/210.43 mi18, Parkfield Drive, Hull, City Of Kingston Upon Hull HU3 6TB3
£174K02/230.43 mi73, Parkfield Drive, Hull, City Of Kingston Upon Hull HU3 6TF3
£185.5K04/230.43 mi77, Parkfield Drive, Hull, City Of Kingston Upon Hull HU3 6TF3
£165K03/230.43 mi71, Parkfield Drive, Hull, City Of Kingston Upon Hull HU3 6TF3
£133K07/210.45 mi52, Northfield Road, Hull, City Of Kingston Upon Hull HU3 6TL3
£86K10/200.46 mi172, Coltman Street, Hull, City Of Kingston Upon Hull HU3 2SQ3
£77K06/230.48 mi68, Kings Bench Street, Hull, City Of Kingston Upon Hull HU3 2TX3
£74K06/230.49 mi67, Cholmley Street, Hull, City Of Kingston Upon Hull HU3 3DN3
£100K12/200.49 mi5, Woldcarr Road, Hull, City Of Kingston Upon Hull HU3 6TP3
£130K06/230.51 mi33, Woldcarr Road, Hull, City Of Kingston Upon Hull HU3 6TP3
£155K08/220.52 mi16, Spring Grove, Hull, City Of Kingston Upon Hull HU3 1JZ3
£69K04/210.53 mi35, Cholmley Street, Hull, City Of Kingston Upon Hull HU3 3DL3
£80K09/210.54 mi21, Brougham Street, Hull, City Of Kingston Upon Hull HU3 6PX3
£102.5K11/200.55 mi3, Airmyn Avenue, Hull, City Of Kingston Upon Hull HU3 6UD3

Local Area Statistics

Population in HU3

26,648

Population in Hull

313,622

Town centre distance

1.50 miles away

Nearest school

0.10 miles away

Nearest train station

1.14 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 £110,000

February 24, 2025

Listed for £120,000

December 19, 2024

Sold for £105,000

2018

Sold for £49,000

2008

Sold for £46,500

2006

Floor Plans

Description

  • Reservation Fee Applicable +
  • T&C's Apply +
  • Investment opportunity located just off Anlaby Road +
  • Ideal for investors seeking strong rental returns +
  • Situated in a well-connected location with excellent transport links +
  • Surrounded by local shops and amenities within walking distance +
  • Conveniently close to the MKM Stadium and Hull Royal Infirmary +
  • Blank canvas, perfect for adding value and customisation +
  • Offered with no chain involved and vacant possession +
  • Potential rental income of £500-£600 per month +

*Guide Price £90,000 - £100,000 plus Reservation Fee* Four-Bedroom HMO Investment Opportunity – No HMO License Required This four-bedroom HMO comes with a certificate of lawful use and falls outside the requirements for an HMO license, which applies to properties with five or more bedrooms. Investors are advised to speak to the council or seek independent advice regarding licensing regulations. With a potential gross rental income of £17,000 to £18,000 per annum, this property offers an attractive gross yield of 14.4% when fully occupied, making it a compelling investment opportunity. Key Features: Four-bedroom HMO with a certificate of lawful use
No HMO license required under current regulations
Potential gross rental income: £17,000–£18,000 per annum
Attractive gross yield of 14.4%
Located off Anlaby Road, close to MKM Stadium, Hull Royal Infirmary, and various local shops and amenities
Competitively priced investment opportunity
This property’s prime location and strong rental potential make it an ideal addition to any investment portfolio. Don’t miss this opportunity—contact us today to arrange a viewing! 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 90 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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