5 Bed HMO, Hull, HU5 1LY, £200,000

Beech Grove, Beverley Road, Hull, HU5 1LY - 11 views - 2 months ago

HMO
ROI: 9%
~178 m²
+4 photos

ValuationUndervalued

Sold Prices£70K - £600K
Sold Prices/m²£441/m² - £3.6K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.1K/m²

Value Estimate

£240,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Room Rate

£403

Gross Rent

£2,015

Running Costs/mo

£1,576

Cashflow/mo

£439

Cashflow/yr

£5,270

ROI

9%

Gross Yield

12%

Local Sold Prices

27 sold prices from £70K to £600K, average is £240K. £441/m² to £3.6K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£70K12/210.24 mi106, Grafton Street, Hull, City Of Kingston Upon Hull HU5 2NP5
£152K07/230.26 mi103, Lambert Street, Hull, City Of Kingston Upon Hull HU5 2SH5
£93.5K11/210.32 mi19, Ryde Street, Hull, City Of Kingston Upon Hull HU5 1PA5
£290K01/210.47 mi692, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JH5
£460K03/230.63 mi703, Beverley Road, Hull, City Of Kingston Upon Hull HU6 7JN5
£495K12/200.68 mi108, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DU5
£450K04/230.71 mi171, Newland Park, Hull, City Of Kingston Upon Hull HU5 2DX5
£137K11/211.04 mi17, Harley Street, Hull, City Of Kingston Upon Hull HU2 9BE5
£240K03/211.16 mi31, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LJ5
£215K02/211.16 mi5, Hymers Avenue, Hull, City Of Kingston Upon Hull HU3 1LJ5
£193.5K06/211.33 mi144, Sunny Bank, Hull, City Of Kingston Upon Hull HU3 1LE5
£118K11/201.36 mi94, Alexandra Street, Hull, City Of Kingston Upon Hull HU3 1DX5
£255K02/211.52 mi51, Bishop Alcock Road, Hull, City Of Kingston Upon Hull HU5 4RL5
£140.5K03/231.56 mi20, Amberley Close, Bransholme, Hull, City Of Kingston Upon Hull HU7 6BQ5
£216K04/211.66 mi36, Merchant Way, Cottingham, East Riding Of Yorkshire HU16 4PS5
£217K03/211.66 mi22, Merchant Way, Cottingham, East Riding Of Yorkshire HU16 4PS5
£360K11/211.69 mi51, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PF5
£258K10/201.74 mi1, Beech Avenue Shopping Centre, Garden Village, Hull, City Of Kingston Upon Hull HU8 8QE5
£70K08/211.77 mi326, Stroud Crescent East, Bransholme, Hull, City Of Kingston Upon Hull HU7 4QN5
£418K11/221.79 mi4, Walnut Close, Cottingham, East Riding Of Yorkshire HU16 4PR5
£600K04/231.88 mi28a, Hull Road, Cottingham, East Riding Of Yorkshire HU16 4PX5
£130K10/201.93 mi2, Cholmley Street, Hull, City Of Kingston Upon Hull HU3 3DW5
£312K03/231.94 mi69, Village Road, Hull, City Of Kingston Upon Hull HU8 8QP5
£279K07/211.94 mi25, Thamesbrook, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4WL5
£266K05/211.94 mi27, Thamesbrook, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4WL5
£245K04/211.94 mi8, Thamesbrook, Sutton On Hull, Hull, City Of Kingston Upon Hull HU7 4WL5
£119K12/212 mi136, Perran Close, Bransholme, Hull, City Of Kingston Upon Hull HU7 4PN5

Local Area Statistics

Population in HU5

51,120

Population in Hull

313,622

Town centre distance

0.34 miles away

Nearest school

0.30 miles away

Nearest train station

1.67 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £200,000

February 5, 2025

Floor Plans

Description

  • Five Room HMO in Excellent Condition +
  • Ground Floor: Entrance hallway, living room, kitchen, two double bedrooms +
  • Popular area for students and single occupiers +
  • First Floor: Three more large double bedrooms, one with en-suite facilities +
  • Full Bathroom with shower cubicle, toilet, basin, and separate WC +
  • Rear Maintenance Yard with side access +
  • Freehold +
  • Council Tax Band B +
  • EPC Rating E +

INVITING OFFERS BETWEEN £200,000-£210,000

Summary: Welcome to a fantastic opportunity for landlords seeking a well-maintained five-room HMO in a sought-after area popular with students and single occupiers. This property is in excellent condition, offering a comfortable and practical living space with thoughtful design throughout. The landlord has kept the property in great shape, ensuring a welcoming environment for residents.

Our Thoughts: This property on Beech Grove truly stands out for its layout and condition. As you step into the entrance hallway, connects to the living room and kitchen at the back. The ground floor features two double bedrooms, one located at the front and another in the middle, providing easy access to the full bathroom with a shower cubicle, toilet, and basin along with a separate WC.

Moving to the first floor, the communal landing leads to room three, a large double bedroom with a view of the rear garden and its own en-suite shower cubicle, toilet, and basin. The property further accommodates residents with room four and room five, which spans the full width of the front.

The rear maintenance yard with side access adds to the property's appeal, making it an attractive choice for landlords eager to enter this busy market. This property is currently achieving a competitive monthly rental income, making it a sound investment in a vibrant area.

Tenure The property is freehold.

Council Tax Council Tax is payable to the Hull City Council. From verbal enquiries we are advised that the property is shown in the Council Tax Property Bandings List in Valuation Band - B.*

Fixtures & Fittings Certain fixtures and fittings may be purchased with the property but may be subject to separate negotiation as to price.

Disclaimer *The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.

Viewings Strictly by appointment with the sole agents.

Site Plan Disclaimer The site plan is for guidance only to show how the property sits within the plot and is not to scale.

Mortgages We will be pleased to offer expert advice regarding a mortgage for this property, details of which are available from our Newland Avenue office on . Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Valuation/Market Appraisal: Thinking of selling or struggling to sell your house? More people choose beercocks in this region than any other agent. Book your free valuation now!

Agent Details

Beercocks, Newland Avenue, Hull

01482 425394

Next Steps?

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