4 Bed HMO, Hull, HU8 8NN, £170,000

Lee Street, Hull, East Riding Of Yorkshire, HU8 8NN - 3 views - 25 days ago

HMO
ROI: 5%
~129 m²
+16 photos

ValuationUndervalued

Sold Prices£75K - £337K
Sold Prices/m²£765/m² - £2.8K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.3K/m²

Value Estimate

£209,100
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£9,700

Total Cash In

£52,200

 

 

Cash Out

 

Room Rate

£375

Gross Rent

£1,500

Running Costs/mo

£1,274

Cashflow/mo

£226

Cashflow/yr

£2,708

ROI

5%

Gross Yield

11%

Local Sold Prices

26 sold prices from £75K to £337K, average is £230K. £765/m² to £2.8K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£260K09/210.07 mi33, Swinburne Street, Hull, City Of Kingston Upon Hull HU8 8NS4
£101.5K11/200.11 mi13, Westcott Street, Hull, City Of Kingston Upon Hull HU8 8LR4
£247.5K11/220.17 mi79, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PE4
£240K02/210.19 mi74, Laburnum Avenue, Garden Village, Hull, City Of Kingston Upon Hull HU8 8PJ4
£337K05/210.23 mi13, The Oval, Hull, City Of Kingston Upon Hull HU8 8PN4
£250K06/230.32 mi25, Maytree Avenue, Hull, City Of Kingston Upon Hull HU8 8PP4
£150K05/230.36 mi45, East Park Avenue, Hull, City Of Kingston Upon Hull HU8 9AD4
£135K10/210.38 mi11, Kelvin Street, Hull, City Of Kingston Upon Hull HU9 3EH4
£180K03/210.41 mi555, Holderness Road, Hull, City Of Kingston Upon Hull HU8 9AA4
£142K08/210.42 mi41, Lilac Avenue, Garden Village, Hull, Humberside HU8 8PU4
£139K05/210.42 mi8, Southcoates Avenue, Hull, City Of Kingston Upon Hull HU9 3HA4
£75K03/230.47 mi41, Severn Street, Hull, City Of Kingston Upon Hull HU8 8TG4
£270K05/230.47 mi21, Pavilion Close, Hull, City Of Kingston Upon Hull HU8 8EA4
£131K01/210.49 mi52, Morrill Street, Hull, City Of Kingston Upon Hull HU9 2LJ4
£274K12/220.49 mi19, Glenwood Close, Hull, City Of Kingston Upon Hull HU8 0ER4
£250K12/200.49 mi27, Glenwood Close, Hull, Humberside HU8 0ER4
£250K07/230.56 mi12, Cayton Road, Hull, City Of Kingston Upon Hull HU8 0HD4
£132K01/230.65 mi8, Aberdeen Street, Hull, City Of Kingston Upon Hull HU9 3JU4
£240K07/210.7 mi72, Birklands Drive, Hull, Humberside HU8 0LN4
£245.5K03/210.7 mi85, Birklands Drive, Hull, City Of Kingston Upon Hull HU8 0LN4
£190K11/220.78 mi260, Ings Road, Hull, City Of Kingston Upon Hull HU8 0LZ4
£157K05/210.78 mi10, Ings Road, Hull, City Of Kingston Upon Hull HU8 0SA4
£220K03/210.79 mi782, Holderness Road, Hull, City Of Kingston Upon Hull HU9 3JP4
£165K08/210.83 mi16, Eglinton Avenue, Hull, City Of Kingston Upon Hull HU8 9BG4
£265K02/210.84 mi1, Maybury Road, Hull, City Of Kingston Upon Hull HU9 3LN4
£290K06/210.9 mi831, Holderness Road, Hull, City Of Kingston Upon Hull HU8 9AZ4

Local Area Statistics

Population in HU8

34,175

Population in Hull

313,622

Town centre distance

2.12 miles away

Nearest school

0.20 miles away

Nearest train station

2.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £170,000

March 12, 2025

Floor Plans

Description

  • VERY WELL PRESENTED HMO +
  • RARELY AVAILABLE IN THIS LOCATION +
  • STRONG RENTAL YIELD OF £24,870 (GROSS) +
  • SETTLED TENANCIES +
  • 3 BATHROOMS/SHOWER ROOMS +
  • MODERN KITCHEN +
  • SOLD WITH ALL FURNITURE +
  • TURN KEY INVESTMENT - INCOME FROM DAY ONE +
  • SITUATED IN ARTICLE 4 LOCATION +
  • ALL SAFETY CERTIFICATES AVAILABLE ON REQUEST +

INVITING OFFERS BETWEEN £170,000 & £180,000. ATTENTION INVESTORS*RARE INVESTMENT OPPORTUNITY IN ESTABLISHED LOCATION*STRONG YIELDS WITH SETTLED TENANTS*WELL MAINTAINED HMO PROPERTY (4 PAYING ROOMS)*ALL SAFETY CERTIFICATES AVAILABLE*2 COMMUNAL BATHROOMS & 1 EN-SUITE*TURN KEY INVESTMENT WITH GROSS YIELD OF £24,870*STRONG RENTAL HISTORY PROVIDED ON REQUEST*

INTRODUCTION

INCOME & TENANCY INFORMATION

Property freehold

4 paying rooms

Gross yield of £24,870

Tenants are signed on individual AST agreements all of differing lengths.
Individual room rents & current monthly costs (as at March 2025) can be supplied on request.

EPC RATING E

CURRENT GROSS RENTAL YIELD £24,870 (as at March 22025)

PROPERTY DETAILS

Sat on an established street with lots of local amenities close by, this 154 square metre end of terrace HMO property offers a comfortable & well laid out house with strong rental yields with a solid track record of low voids and low turnover of tenants.

Very well presented & constantly monitored & maintained by regular visits to the house, this property offers real potential to acquire an attractive HMO turn-key investment with instant income from day one.

Sold with tenants in situ (currently fully let), the property sits on an established residential street with lots of local amenities close by. The house is situated in an article 4 location.

GROUNDFLOOR ARRANGEMENT

The house is arranged over 2 floors & briefly comprises (furnishings included in sale);
Entrance hallway with stairs off.

Large room to front which offers great space for double bed & living area with sofas & small dining table. This room comes with its own En-suite.

To the rear of the property is a good-sized communal living/dining room.

Rear fully fitted kitchen equipped with communal appliances. An array of base & wall units with gloss white doors & contrasting work surfaces with splashback tiling. Door onto rear elevation.
Communal groundfloor purpose built wetroom.

FIRST FLOOR ARRANGEMENT

To the first floor are a further 3 rooms. The front room comes with bay window & dressing room.
Well-presented communal bathroom with 3-piece suite & shower over bath.

OUTSIDE

Property boasts rear enclosed low maintenance rear communal space. Parking for 2 cars.

LOCATION

Extremely popular location. Lee Street is situated to the east of Hull within the Kingston Upon Hull city boundary. Located close to lots of local amenities and within 5 mins drive of Sutton village & Holderness Road and approximately 3 miles away from Hull City Centre. Excellent access to local Primary schools & the highly acclaimed Malet Lambert Secondary school all within walking distance. Popular area for families and close to East Park which is within 5 minutes walk.

CENTRAL HEATING

Property benefits from gas central heating

DOUBLE GLAZING

Property benefits from double glazing throughout

COUNCIL TAX

Council Tax is payable to Kingston Upon Hull City Council we believe property be band A/B. Please check with the local authority for confirmation.

VIEWINGS

Viewings are strictly by appointment only

THINKING OF SELLING OR STRUGGLING TO SELL YOUR PROPERTY

Why not try TAYLORS? We can offer a free valuation and explain the benefits of using TAYLORS to sell your home!!

DISCLAIMER

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. The particulars are produced in good faith but do not constitute any part of an offer or contract. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. They are not to be relied upon as statements or representations of fact, any prospective purchaser should satisfy themselves by an inspection of the property before making an offer. No person employed by Taylors Estate Agents (Hull) Ltd has the authority to provide any warranty whatsoever in relation to this property
References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.

Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

MEASUREMENTS

These approximate room sizes are only intended as general guidance. All measurements have been taken as a guide to prospective buyers and are not precise. All buyers should satisfy themselves with regard to room dimensions, Taylors Estate Agents (Hull) Ltd cannot be held responsible for any discrepancies with regard to measurements.

Agent Details

Taylors, Sutton-on-Hull

01482 424976

Next Steps?

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