6 Bed HMO, Hull, HU9 2LJ, £120,000

Morrill Street, Hull, HU9 2LJ - 16 views - 2 months ago

Sold STC
Auction
HMO
ROI: 28%
~186 m²
+3 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£5,100

Total Cash In

£35,100

 

 

Cash Out

 

Room Rate

£399

Gross Rent

£2,394

Running Costs/mo

£1,469

Cashflow/mo

£925

Cashflow/yr

£11,098

ROI

32%

Gross Yield

24%













Property History

Price changed to £120,000

March 12, 2025

Listed for £130,000

January 24, 2025

Floor Plans

Description

  • Mid-terraced freehold property with no onward chain. +
  • 18%+ rental yield potential +
  • Two modern bathrooms. +
  • Open-plan kitchen/diner and lounge. +
  • Six well-sized bedrooms. +
  • Excellent location near schools, shops, and transport links. +

An outstanding investment opportunity awaits with this mid-terraced, six-bedroom property, great HMO opportunity. Perfectly located near local amenities and transport connections, this freehold property combines functionality and potential, making it a standout option for investors seeking reliable returns.

On the ground floor, the property features an entrance hall leading to two generously sized bedrooms, a spacious lounge with a charming feature fireplace, and a modern kitchen/diner equipped with ample storage and work surfaces. Upstairs, you'll find four additional bedrooms and two bathrooms designed with practicality in mind, offering both a bathtub and a separate shower cubicle.

The rear yard provides low-maintenance outdoor space, while the property's layout ensures comfortable living for tenants. Situated close to popular retail spots, schools, and bus routes, this property offers convenience and lifestyle appeal.

With an auction guide price of just £135,000, this HMO is ready for investors to take advantage of its lucrative potential. Contact SmoothSale today to arrange your viewing or learn more about this opportunity.

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You can secure this property with an optional reservation deposit of £2,500. This forms part of the property's total purchase price and is not an additional fee. The deposit draws up a legally binding exclusivity agreement which gives exclusive rights to purchase the property within an agreed timeframe.

The reservation deposit guarantees that the seller will remove their property from the market as soon as the offer is accepted and the deposit is paid. This means that the property is reserved for you, giving you time to complete the sale without the risk of being gazumped.

The fixed exclusivity period (typically 8-10 weeks) allows you to prepare financing, surveys and property searches with the confidence that you aren't wasting money on a sale that may fall through.

Speak to one of our property specialists about our reservation deposit scheme to find out more.

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These particulars, whilst believed to be accurate, are set out as a general outline and are only intended as guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. No person employed by SmoothSale has the authority to make or give any representation or warranty in respect of the property. Photographs are reproduced for general information and it must not be inferred that any item shown is included for sale with the property. Prospective purchasers are advised to inspect the property and commission an expert report where appropriate.

Agent Details

SmoothSale, Leeds

0117 463 2797

Next Steps?

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

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