4 Bed HMO, Hull, HU5 1BH, £90,000

Folkestone Street, Hull , HU5 1BH - 26 views - 2 months ago

HMO
ROI: 8%
~129 m²
+5 photos

ValuationUndervalued

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

 

 

Square Metres

~129.26 m²
Price/m²£696/m²

Value Estimate

£123,000
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£4,200

Total Cash In

£26,700

 

 

Cash Out

 

Room Rate

£292

Gross Rent

£1,168

Running Costs/mo

£926

Cashflow/mo

£242

Cashflow/yr

£2,900

ROI

11%

Gross Yield

16%

Local Sold Prices

43 sold prices from £57.5K to £595K, average is £177.5K. £853/m² to £3.1K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£135K10/210.12 mi25, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£120K11/220.12 mi1, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£135K04/230.12 mi12, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£130K06/210.12 mi43, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£130K05/210.12 mi5, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£127.5K02/230.13 mi45, Abbey Way, Hull, City Of Kingston Upon Hull HU5 1DA4
£126K10/210.22 mi106, Needlers Way, Hull, City Of Kingston Upon Hull HU5 1DD4
£255K04/230.23 mi4, The Rydales, Hull, City Of Kingston Upon Hull HU5 1QD4
£83.5K12/200.28 mi89, Worthing Street, Hull, Humberside HU5 1PP4
£135K01/210.29 mi24, Houston Drive, Hull, City Of Kingston Upon Hull HU5 1NJ4
£85K07/210.38 mi53, Pendrill Street, Hull, City Of Kingston Upon Hull HU3 1UU4
£85K07/210.38 mi53, Pendrill Street, Hull, City Of Kingston Upon Hull HU3 1UU4
£125K05/230.39 mi101, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NP4
£225K10/210.47 mi2, The Parade, Hull, City Of Kingston Upon Hull HU5 2UH4
£245K04/230.47 mi16, The Parade, Hull, City Of Kingston Upon Hull HU5 2UH4
£81K10/200.57 mi37, Blaydes Street, Hull, City Of Kingston Upon Hull HU6 7RE4
£175K10/220.6 mi7, Burslem Street, Hull, City Of Kingston Upon Hull HU2 9BP4
£128K12/200.64 mi41, Walgrave Street, Hull, City Of Kingston Upon Hull HU5 2LT4
£123K09/210.65 mi51, Ventnor Street, Hull, Humberside HU5 2LR4
£133K01/230.69 mi74, Leonard Street, Hull, City Of Kingston Upon Hull HU3 1RZ4
£57.5K02/210.72 mi31, Leonard Street, Hull, City Of Kingston Upon Hull HU3 1SA4
£280K02/230.72 mi42, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB4
£250K09/210.72 mi26, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB4
£226K09/220.73 mi4, Philip Larkin Close, Hull, City Of Kingston Upon Hull HU6 7FB4
£180K04/210.76 mi83, Desmond Avenue, Hull, Humberside HU6 7JX4
£250K09/210.79 mi83, Salisbury Street, Hull, City Of Kingston Upon Hull HU5 3DU4
£301K09/220.8 mi3, Catherine Mcauley Close, Hull, City Of Kingston Upon Hull HU6 7FD4
£92K07/210.82 mi3, Mayfield Street, Hull, City Of Kingston Upon Hull HU3 1NS4
£315K07/230.84 mi22, St Anthonys Close, Hull, City Of Kingston Upon Hull HU6 7FE4
£500K03/230.84 mi41, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN4
£595K09/220.84 mi15, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN4
£435.5K08/220.84 mi19, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DN4
£318.2K03/230.86 mi42, Inglemire Lane, Hull, City Of Kingston Upon Hull HU6 7TA4
£177.5K03/210.87 mi1, Etherington Road, Hull, City Of Kingston Upon Hull HU6 7JR4
£170K04/210.87 mi646, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JH4
£300K12/220.88 mi136, Cottingham Road, Hull, City Of Kingston Upon Hull HU6 7RY4
£295K05/230.92 mi49, Allderidge Avenue, Hull, City Of Kingston Upon Hull HU5 4EG4
£255K08/210.92 mi2, Allderidge Avenue, Hull, City Of Kingston Upon Hull HU5 4EQ4
£400K01/210.95 mi88, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DS4
£430K03/230.95 mi74, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DS4
£172K11/200.96 mi187, Goddard Avenue, Hull, City Of Kingston Upon Hull HU5 2BX4
£340K04/230.99 mi722, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JG4
£395.5K02/231 mi701, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JN4

Local Area Statistics

Population in HU5

51,120

Population in Hull

313,622

Town centre distance

0.47 miles away

Nearest school

0.20 miles away

Nearest train station

1.30 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 £90,000

February 28, 2025

Listed for £100,000

January 28, 2025

Floor Plans

Description

  • Reservation Fee Applicable +
  • T&C's Apply +
  • Perfect opportunity for investors seeking high-yield properties. +
  • Close to Newland Avenue and Princes Avenue, with excellent amenities nearby. Ready-made investment with no setup required. +
  • Located in HU5, a prime buy-to-let area in Hull. +
  • Certificate of Lawful Use included for added compliance assurance. +
  • Impressive 14% rental yield based on a £100,000 purchase price. +
  • Achieving approximately £14,000 annual rent from four lettable rooms. +
  • Fully occupied HMO with immediate rental income. +
  • HMO License Not Required (Also Check this with Local Council) +

*Guide Price £100,000 - £110,000 plus Reservation Fee* Attention Investors – High-Yielding HMO in Popular HU5 Location This fully occupied HMO (House in Multiple Occupation) is an excellent investment opportunity, currently achieving an impressive rental income of approximately £14,000 per annum from its four lettable rooms. Key Features: **High rental yield of 14% based on a purchase price of £100,000.
**Fully occupied, ready-made investment with immediate income potential.
**Comes with a Certificate of Lawful Use, providing peace of mind and compliance assurance.
**Situated in HU5, one of Hull's most desirable buy-to-let areas.
**Within easy reach of Newland Avenue and Princes Avenue, offering a vibrant array of café bars, shops, and restaurants.
**deal for investors looking for a hassle-free, income-generating property. HMO License Not Required at the time of Listing  (Local Council Can Confirm)  Don’t miss this fantastic opportunity—early viewings are highly recommended! Fees, Exclusivity, and Disclaimer:  Fees:  Reservation Fee: Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 1.5% 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?

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