6 Bed HMO, Hull, HU9 2LJ £120,000

Morrill Street, Hull, HU9 2LJ - 27 views - 9 months ago
Sold STC
Auction
HMO
Inside Article 4
ROI: 28%
~186 m²
Property image

ValuationUndervalued

Sold Prices£75K - £429K
Sold Prices/m²£765/m² - £2.9K/m²

 

 

Square Metres

~186 m²
Price/m²£645/m²

Value Estimate

£157,300
BMV21%

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%

Local Sold Prices

38 sold prices from £75K to £429K, average is £257.5K. £765/m² to £2.9K/m², average is £2.2K/m².

Price
Date
Distance
Address
Beds
 
£75K03/230.18 mi41, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TG4
£240K05/250.37 mi3, Westcott Street, Hull HU8 8LR4
£240K05/250.37 mi3, Westcott Street, Hull HU8 8LR4
£360K03/250.41 mi14, The Oval, Kingston Upon Hull HU8 8PN4
£337K05/210.46 mi13, The Oval, Hull, City Of Kingston Upon Hull HU8 8PN4
£247.5K11/220.48 mi79, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PE4
£163K04/240.5 mi33, Bannister Drive, Hull HU9 1EJ4
£163K04/240.5 mi33, Bannister Drive, Hull HU9 1EJ4
£262.5K06/250.54 mi22, May Tree Avenue, Kingston Upon Hull HU8 8PP4
£262.5K06/250.54 mi22, May Tree Avenue, Kingston Upon Hull HU8 8PP4
£295K05/250.55 mi13, Elm Avenue, Hull HU8 8PS4
£295K05/250.55 mi13, Elm Avenue, Hull HU8 8PS4
£142K08/210.57 mi41, Lilac Avenue, Garden Village, Hull, Humberside HU8 8PU4
£260K09/210.57 mi33, Swinburne Street, Hull, City Of Kingston Upon Hull HU8 8NS4
£250K06/230.58 mi25, Maytree Avenue, Hull, City Of Kingston Upon Hull HU8 8PP4
£135K10/210.6 mi11, Kelvin Street, Hull, City Of Kingston Upon Hull HU9 3EH4
£139K05/210.69 mi8, Southcoates Avenue, Hull, City Of Kingston Upon Hull HU9 3HA4
£270K05/230.73 mi21, Pavilion Close, Hull, City Of Kingston Upon Hull HU8 8EA4
£250K09/210.73 mi56, Raleigh Drive, Hull, City Of Kingston Upon Hull HU9 1UN4
£326K05/240.74 mi204, South Bridge Road, Hull HU9 1SU4
£326K05/240.74 mi204, South Bridge Road, Hull HU9 1SU4
£150K05/230.76 mi45, East Park Avenue, Hull, City Of Kingston Upon Hull HU8 9AD4
£280K05/220.79 mi7, Raleigh Drive, Hull, City Of Kingston Upon Hull HU9 1UN4
£223K02/250.79 mi39, Dornoch Drive, Hull HU8 8JL4
£295K02/240.82 mi10, Corinthian Way, Hull HU9 1UF4
£295K02/240.82 mi10, Corinthian Way, Hull HU9 1UF4
£429K01/250.85 mi24, Corinthian Way, Hull HU9 1UF4
£429K01/250.85 mi24, Corinthian Way, Hull HU9 1UF4
£318K12/210.85 mi18, Helm Drive, Hull, City Of Kingston Upon Hull HU9 1UH4
£400K09/210.86 mi17, Spinnaker Close, Hull, City Of Kingston Upon Hull HU9 1UL4
£335K11/230.87 mi29, Helm Drive, Hull HU9 1UH4
£210K02/250.87 mi21, St Clements Way, Hull HU9 3HW4
£210K02/250.87 mi21, St Clements Way, Hull HU9 3HW4
£255K11/210.89 mi87, Chandlers Court, Hull, City Of Kingston Upon Hull HU9 1FB4
£274K12/220.92 mi19, Glenwood Close, Hull, City Of Kingston Upon Hull HU8 0ER4
£132K01/230.93 mi8, Aberdeen Street, Hull, City Of Kingston Upon Hull HU9 3JU4
£147K05/250.98 mi2, Portobello Street, Hull HU9 3JE4
£140K05/250.98 mi2, Portobello Street, Hull HU9 3JE4

Local Area Statistics

Population in HU9

40,948

Population in Hull

313,622

Town centre distance

2.13 miles away

Nearest school

0.10 miles away

Nearest train station

1.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Price changed to £120,000

March 12, 2025

Listed for £130,000

January 24, 2025

Floor Plans

Property image

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?

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